I would love a study, which compared how well a company did, and what their overall expenses were:
1. For paying a team of N people the going wage.
2. For paying a team of N/2 people, double the going wage. Aiming for the best workers it could find.
3. Paying a team of 2*N workers, whatever the bottom of the market is.
This would be for teams where high functioning workers resulted in high value results, i.e. creative/design/technically challenging work.
I have no idea how a study like this would work, but the more challenging the work, the higher likelihood that you save money going high salary, high talent.
Some AI researcher seem to be falling into this category, with really high salaries. Researchers certainly have 10x talent. But I bet there are a lot of 2x, 4x engineers, designers, whatever, that are being overlooked and/or under motivated. That would be cheaper to pay, and produce more value, in small numbers, than others in larger numbers.
1. For paying a team of N people the going wage.
2. For paying a team of N/2 people, double the going wage. Aiming for the best workers it could find.
3. Paying a team of 2*N workers, whatever the bottom of the market is.
This would be for teams where high functioning workers resulted in high value results, i.e. creative/design/technically challenging work.
I have no idea how a study like this would work, but the more challenging the work, the higher likelihood that you save money going high salary, high talent.
Some AI researcher seem to be falling into this category, with really high salaries. Researchers certainly have 10x talent. But I bet there are a lot of 2x, 4x engineers, designers, whatever, that are being overlooked and/or under motivated. That would be cheaper to pay, and produce more value, in small numbers, than others in larger numbers.