There's a certain risk any time you take a new job of "how well will my view of poor performance align with my manager's view?"
In a "regular" company there's usually a longer leash if you don't get that right on day 1, or if circumstances change and the specific skills you were brought in for aren't as relevant anymore.
In the Netflix model there's a by-design higher chance of it instead resulting in you losing your job.
So if you aren't compensating with $$$ for that increased risk, it's going to leave you with more of the folks without other good options and fewer of the folks who say "I can get the same money with less pressure if I take this other role instead."
In a "regular" company there's usually a longer leash if you don't get that right on day 1, or if circumstances change and the specific skills you were brought in for aren't as relevant anymore.
In the Netflix model there's a by-design higher chance of it instead resulting in you losing your job.
So if you aren't compensating with $$$ for that increased risk, it's going to leave you with more of the folks without other good options and fewer of the folks who say "I can get the same money with less pressure if I take this other role instead."