In a small company you are paid to create new programs fast. Much faster than in big companies. But this small company either has huge risks or have much smaller income than the big company.
It sounds like what you're saying is that although you may be able to get code written (and thus wealth created) faster in a small company, you don't automatically get paid in proportion.
If that's what you're saying, I agree, and in fact I said so later in the same essay:
"The other catch is that the payoff is only on average proportionate to your productivity. There is, as I said before, a large random multiplier in the success of any company. So in practice the deal is not that you're 30 times as productive and get paid 30 times as much. It is that you're 30 times as productive, and get paid between zero and a thousand times as much. If the mean is 30x, the median is probably zero."
It sounds like what you're saying is that although you may be able to get code written (and thus wealth created) faster in a small company, you don't automatically get paid in proportion.
If that's what you're saying, I agree, and in fact I said so later in the same essay:
"The other catch is that the payoff is only on average proportionate to your productivity. There is, as I said before, a large random multiplier in the success of any company. So in practice the deal is not that you're 30 times as productive and get paid 30 times as much. It is that you're 30 times as productive, and get paid between zero and a thousand times as much. If the mean is 30x, the median is probably zero."