New hires earn a small fraction of what existing employees make.

You dont get to kill off coding skills and expertise then expect people to give a f*** about some vision. The vision is that the people you’re hiring now wont have a job in the future. Wtf do you think people are going to do while the clock is ticking?

The paycheck is the thank you for working for your vision. That’s the end of the agreement for any good worker who understands capitalism.

They would know better than us.

Aren't new hires actually expected to need the money more than people who are already rich?

But it works. Fable is truly amazing, maybe not head and shoulders above the rest but at least a head. Apparently, this neurosis-driven development does attract AI talent.

It suprises me. It shouldn't because the same target demo has been following Eliezer Yudkowsky for decades now but it still does. I just don't have a theory of mind where this is an attractor.

Like, really easy

Even amongst the middle class, the people that act like they’re really on a job out of passion have assurances that their downpayment on a house will be covered, or are subsidized by prior military service, or some kind of financial support system they don’t notice is not available to others

The people that are passionate that really only have salary is effectively zero

Founders aren’t educated on this power dynamic and need to be coached

Once you reach a certain level of wealth, you don't really need money just to survive—you already have enough.

After that point, money becomes more like a high score you're trying to beat.

Hitting certain revenue targets, reaching specific asset milestones—that kind of thing.

And because of that, they start to believe they're working for some other value, not for money.

But if you talk to them long enough, you always end up at the same conclusion: 'It's still about money, isn't it?'

They'd never admit it, though.

'Because I'm not earning money just to survive—I'm different from you guys.'

They genuinely believe that.

Meanwhile, I'm here thinking that if I don't do work I hate, I'll literally go hungry tomorrow.

Perhaps I'm being too generous but I think his comments are about two problems that all rich companies face:

1. How do you maintain momentum in an industry where other companies with deep pockets can tempt your staff away quite easily just by offering more money? If everyone is willing to hop from company to company then it drives wages up (not a bad thing) but also slows progress as a whole industry (a bad thing).

2. How do you keep people when they can just retire and live a life of leisure at any point? It's not about the high wages; it's about employing people who want to see the challenge through to the end.

Ultimately Anthropic has a vast pile of money and can pay people loads to work there. That isn't enough to keep them there though. Paying a lot doesn't get the company to the next milestone if people are happy to just drop it for a better offer or walk away entirely when they feel they have enough.

It's the most first world problem imaginable, but I can see that it would be something that keeps a billionaire CEO up at night.