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L.A. Times to Furlough Workers as Ad Revenue ‘Nearly Eliminated’

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11–20 of 568 posts

Re: L.A. Times to Furlough Workers as Ad Revenue ‘Nearly Eliminated’

#11
post #7

We've already been seeing this to some degree with harder and harder paywalls--which mostly don't work besides lucrative niche and global brands. But I suspect we're increasingly headed towards a case where quality content is only available to those willing and able to pay for it.

Which is how it worked before the internet.

Re: L.A. Times to Furlough Workers as Ad Revenue ‘Nearly Eliminated’

#13

Idea: Whenever there are furloughs or layoff, any payouts or profits for the C-Suite and managers that are higher the average employee, is put into an annuity for the laid off employees. So if a CEO makes 30,000,000, and the average worker is paid 125,000. A 29,875,000 fund will be made to deposit a monthly check into the bank of the fired employees. This includes any profits made from selling stocks. To avoid loopho…

Even if the scale of the difference divided by the number of employees were enough to be useful (it's not), all this would do is incentivize executives to run inefficient businesses into the ground.

Re: L.A. Times to Furlough Workers as Ad Revenue ‘Nearly Eliminated’

#14
post #2

In related news I have noticed that most things I search on Google don't show any ads at all. I went hunting for it and found that common household items are showing ads, but other things don't. And most certainly there is no obnoxiousness like an entire page of ads before the content.

I think Google and Facebook are going to deliver a very surprising result.

Re: L.A. Times to Furlough Workers as Ad Revenue ‘Nearly Eliminated’

#15

Idea: Whenever there are furloughs or layoff, any payouts or profits for the C-Suite and managers that are higher the average employee, is put into an annuity for the laid off employees. So if a CEO makes 30,000,000, and the average worker is paid 125,000. A 29,875,000 fund will be made to deposit a monthly check into the bank of the fired employees. This includes any profits made from selling stocks. To avoid loopho…

Even if the scale of the difference divided by the number of employees were enough to be useful (it's not), all this would do is incentivize executives to run inefficient businesses into the ground.

> all this would do is incentivize executives to run inefficient businesses into the ground.

What incentive would an executive have to run a business into the ground?

It's a business - the motive to gain profit and ambition won't leave because profit is shared.

Regardless - my point is - what's wrong with being generous to workers? Why not share a bit of that with people who work so the motivation and incentives are spread out?

Why don't we try some ideas, test some regulations and see how they work, so we know what incentivizes and what doesn't?

Have an administrative body view it on a case by case basis and come up with a novel payment plan, in a case where a CEO gets a golden parachute and employees are left unemployed, that payment would be suspended and apportioned fairly. Maybe it will even go back to investors.

For a look a generous labor systems in powerful economies, I'd like to bring up Germany: http://www.siegwart-law.com/Sgal-en/lawyer-german-employment...

Re: L.A. Times to Furlough Workers as Ad Revenue ‘Nearly Eliminated’

#16

How might Google and Facebook revenue move? Facebook earnings per share consensus is $1.78. In two weeks, we'll see how it stacks up. https://www.nasdaq.com/market-activity/stocks/fb/earnings

Not really relevant. Equities are completely divorced from reality at the moment. FB and GOOG could guide down 2020 revenue by 50% and the stocks would pop AH because $6T new money has to find returns somewhere.

Re: L.A. Times to Furlough Workers as Ad Revenue ‘Nearly Eliminated’

#17
post #7

We've already been seeing this to some degree with harder and harder paywalls--which mostly don't work besides lucrative niche and global brands. But I suspect we're increasingly headed towards a case where quality content is only available to those willing and able to pay for it.

Which is how it worked before the internet.

Yep. Maybe we move to a model where low quality/#FakeNews is free but quality costs and, presumably, you then move to a point where pooled subscriptions are a thing under that model. And it costs a substantial amount of money or you get it through a library. There's a lot less accessibility under that model, especially for those that don't really have disposable income. There's also the question of whether enough will really pay for the quality. But it's certainly a scenario.

e.g. you pay $100/month for an all-pubs subscription which is not all that out of line for people who pay for newspapers or DirectTV.

Re: L.A. Times to Furlough Workers as Ad Revenue ‘Nearly Eliminated’

#18

Idea: Whenever there are furloughs or layoff, any payouts or profits for the C-Suite and managers that are higher the average employee, is put into an annuity for the laid off employees. So if a CEO makes 30,000,000, and the average worker is paid 125,000. A 29,875,000 fund will be made to deposit a monthly check into the bank of the fired employees. This includes any profits made from selling stocks. To avoid loopho…

It’s easy to come up with ways that other people should spend their money.

Re: L.A. Times to Furlough Workers as Ad Revenue ‘Nearly Eliminated’

#19

Idea: Whenever there are furloughs or layoff, any payouts or profits for the C-Suite and managers that are higher the average employee, is put into an annuity for the laid off employees. So if a CEO makes 30,000,000, and the average worker is paid 125,000. A 29,875,000 fund will be made to deposit a monthly check into the bank of the fired employees. This includes any profits made from selling stocks. To avoid loopho…

If the CEO has a bunch of shares and their value crashes, do the employees need to pay up to offset the CEO's loss? After all, they are a part of the collective.
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