231–240 of 523 posts
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Anybody else remember that time YC funded an international smuggling operation? https://www.ycombinator.com/companies/backpack https://news.ycombinator.com/item?id=8199286
Anyone else remember when HackerNews had an adventurous libertarian ethos before the school marms infested the place with irrelevant and low vibrational commentary?
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Eric Schmidt echoed similar sentiment in his recent interview. Basically do it, if startup fails then it doesn’t matter. If it succeeds then lawyers can sort it out.
Which makes total sense for consumers as well. If the startup succeeds is because consumers are finding value in it. Uber is the best example. Uber is ilegal only in countries with deep corruption where taxi unions can make legislators ignore their constituents. Uber (and any other car sharing app) is the best solution for me as a consumer compared to the traditional old school taxi service.
Uber "won" because they cheated. They operated at a loss for almost 15 years, on the welfare of investors. Guess what, mom and pop running a taxi can't live on a negative wage.
In the UK and EU it would be outright illegal on GDPR grounds (unless you consented to it, which would be unlikely without coercion — also illegal)
I have never heard of Pave before, but this just sounds like yet another copy of Equifax's "The Work Number" [1]. Basically, HR at many companies gives your salary and employment history data to Equifax, who then sells access to the information to certain parties with supposed need to access it, including potential and current employers and creditors. This report is likely one of the most invasive consumer files out…
I downloaded a personal report from the work number website and found to my horror that my employer was reporting every. single. paystub. gross and net, to equifax. That felt like a huge breach of privacy. Given that equifax had already proven incompetent at keeping my data secure, I immediately sent HR a request to stop sending my supposedly 'confidential' pay info. They politely told me to kick rocks, so I went on…
They don't give out salary info in employment checks though. AFAIK they require your explicit permission except for government agencies who use it to verify your eligibility for benefits. I would be surprised if they are not selling aggregate salary data though
Uber and AirBnb are essentially illegal taxi and illegal hotel services. Remember taxi medallions? Remember zoning laws? Being illegal is not a showstopper for a startup because they are under a radar, being illegal is not a problem for a large business because they have enough power to not get prosecuted.
Ironically for a question about antitrust price fixing you just named two incumbent government-sanctioned cartels (zoning and taxi medallions) that restrict supply and keep prices high. They would be illegal if private companies made them.
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You make an excellent argument here for tight regulation of the industry.
… and the usage? Most highly-paid people have no idea how much privilege this affords them. You wonder why so many businesses are nice to you? It’s because they’ve already looked you up and know you’ve got a high income and are a millionaire. Write a personal check for your next automobile? Sure thing, you can drive it off the lot a few minutes later. They won’t even bother cashing the check for a week or two. Try do…
The "funny" thing really is the fact that most company forbid you from discussing your wages with your coworkers, but this seems like an automated way for companies to discuss the salaries they pay with other companies.
Yes, but this interdiction might not be legal. Companies typically add such clauses to achieve a chilling effect. (Ie, you abide because you fear running a risk if you don't). Consult your legal representative.
As described, it is a fair ways away from what RealPage is doing. Specifically: * RealPage sells raising rents, not just market info. * RealPage pressures clients into taking their higher rents. * RealPage also pressure clients to refuse to rent at lower rates for their own narrow economic interest - in other words, they actively seek to circumvent competitive pressure to keep rents high. (edit: to clarify, I mean th…
What's the point of getting this data if it's not to pay less money? What is the value add?
If they were aware of market rates, they could avoid making potential candidates laugh at them.
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I think that's widely understood and part of the job description of being a public servant. What's not widely understood is HR secretly selling your data while working at a private company.
> your data Is it yours though? The employer could probably argue that it's theirs. Devil's advocate: I think it's widely understood that entities can be transparent with their data if they choose, other than NDA scenarios.
Like, I haven't seen this happen, but could a recruiting team buy the compensation data on staff at a competing firm, identify those that look like a good deal, and poach them starting with a "we'll offer you k% more than your current employer"?
Could market analysts use this data to notice when a company starts firing more people, or starts giving fewer/smaller raises? What if the next time your company showed up in a Gartner or Forrester report, it came along with a caveat "however given decreased investment in staff, their pace of product development or quality of client services may be at risk."