Owners of every kind of company want to extract as much value as they can at the lowest possible cost
Other than sports, what other industry than VC-backed startups lures in talented-but-naive young people, promises them riches, then chews up and spits most of them out, having burned them out? OK maybe music and fashion as well.
Pretty much any career that has an up or out policy with the promise of riches if you don't get pushed out of which there are plenty. For example, many consulting companies work this way where they will pay you a fraction of your billing rate and have you work a ton of hours in the hope that you will eventually make partner which is where you make the real money.
Other than sports, what other industry than VC-backed startups lures in talented-but-naive young people, promises them riches, then chews up and spits most of them out, having burned them out? OK maybe music and fashion as well.
Meanwhile the owners get richer and richer.