You have to understand: there's more to hiring programmers than paying lots of money. If that were the case, we wouldn't have had a dot-com bust and software companies would be dominated by MBAs.
That's probably half-true: you're right that there's more to hiring programmers (and many other kinds of professionals) than paying lots of money, but there's also probably a minimum barrier to entry. I doubt you're going to find high-quality programmers to work for $30K per year, even if you buy them an Embody (http://www.hermanmiller.com/Products/Embody-Chairs), give them a window, offer to let them rewrite everything in Scheme, and do whatever else Joel Spolsky has mentioned.
I'm not sure what the minimum really good programmers will go for in most of the country, but I'd be surprised if the answer is less than about $50K, and even that's probably way too low. Until you hit the minimum threshold, the rest of your comment doesn't take effect.
That's probably half-true: you're right that there's more to hiring programmers (and many other kinds of professionals) than paying lots of money, but there's also probably a minimum barrier to entry. I doubt you're going to find high-quality programmers to work for $30K per year, even if you buy them an Embody (http://www.hermanmiller.com/Products/Embody-Chairs), give them a window, offer to let them rewrite everything in Scheme, and do whatever else Joel Spolsky has mentioned.
I'm not sure what the minimum really good programmers will go for in most of the country, but I'd be surprised if the answer is less than about $50K, and even that's probably way too low. Until you hit the minimum threshold, the rest of your comment doesn't take effect.