441–450 of 595 posts
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What risk is an accountant sitting in SF City Hall taking? High risk positions - sure give them more security. Otherwise, treat them like everyone else. Also, people goto govt jobs because of job security as well - which is also a factor in lower income.
if you are going to cherry-pick, then so be it. what about the police, fire department?
This seems like a great time for Amazon or Google to buy Lyft. Amazon could bundle rides with package deliveries and get the pre-existing driver and passenger network from Lyft. Lyft was actually telling drivers to work with Amazon when the pandemic started (1). Waymo could take Lyft’s aggregated rider demand. They already have a partnership to transfer autonomous rides from Waymo to Lyft during bad weather situation…
- The tech companies having issues during covid-19 are all heavily invested in travel/transportation(Uber/Lyft/Airbnb etc). - They also are in industries that entirely use gig workers with personal contact in 90% of their services(airbnb the least of these). - I don't see other tech companies getting hit this hard(the sky is not falling!). - I really, really hope these laid off engineers find other jobs quickly and l…
The tech companies you identified are getting hit 1st. I expect to eventually see fallout in Fintech, Realestate, Advertising, anyone selling B2B SaaS (particularly to marketing/HR/ sales departments, SMB), etc. It will take time to feel the 2nd and 3rd order impacts. Hopefully, we bounce back quickly, but it's hard to not be a little concerned.
Ask people at Sun how relying on the .com economy worked out for the company, as one example.
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It's amazing that the US Federal government seems to be able to provide trillions of dollars in liquidity on a moment's notice to anyone and everyone - except the states. Airlines? Of course. Junk bond investors? Sure, why not? States? "We're not going to bail out Democratic-run states."
Don't forget Carnival Cruise Lines... which doesn't even pay any taxes in the US as a corporation since it flies a flag of convenience and doesn't employ many Americans.
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>Layoffs are mounting We just fired our cleaning crew this morning and cut hours for the entire shop floor. We are a mid-size, midwestern diesel repair shop similar to Western Truck Exchange. I used to just do valve work and major overhauls, now I carry garbage to the dumpster and fix the copiers in the front office too. >alternative work is limited non-existant out here really, but the real thing no one seems to be…
> Oh, those Trump Bucks? the $1200? Not me or a single person ive talked to has gotten that money. That's awful. In Canada, most people got their CERB money within a week. It took 2 days if you already had direct deposit info on there. Some people are refusing to go back to work after the relaxed lockdown because the CERB is more than they make working a few shifts a week. It's a bit frustrating that part-time worker…
The Canadian move is, unsurprisingly, more forward-thinking than the usual US sleight of hand thing. But I wonder, in these conditions, with minimal incentive to come out, isn't the CERB inflating $CAD?
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There was an interesting piece in this week's Atlantic on the motivation for having states declare bankruptcy: "Under the Constitution, bankruptcy is a power entirely reserved to the federal government. An American bankruptcy is overseen in federal court, by a federal judge, according to federal law. That’s why federal law can allow U.S. cities to go bankrupt, as many have done over the years. That’s why the financia…
His unwillingness to not solve the state's pension problems should be applauded. the amount of unfunded liabilities is in the hundreds of billions of dollars and approaching a trillion if it has not passed that already. This all happened because the number of public servants who are pulling in over 100k has skyrocketed... 100k+ in retirement.. with millions past 50k! Think about that 50k in pay plus medical. These pe…
Earlier quoted context omitted.
His unwillingness to not solve the state's pension problems should be applauded. the amount of unfunded liabilities is in the hundreds of billions of dollars and approaching a trillion if it has not passed that already. This all happened because the number of public servants who are pulling in over 100k has skyrocketed... 100k+ in retirement.. with millions past 50k! Think about that 50k in pay plus medical. These pe…
This is just crazy to me, this public servants takes unprecedented risks and take lower pays so they can take stable retirement. Now it comes time for due, we don't want to fund these anymore. The entitlement in HN is just too much.
This seems like a great time for Amazon or Google to buy Lyft. Amazon could bundle rides with package deliveries and get the pre-existing driver and passenger network from Lyft. Lyft was actually telling drivers to work with Amazon when the pandemic started (1). Waymo could take Lyft’s aggregated rider demand. They already have a partnership to transfer autonomous rides from Waymo to Lyft during bad weather situation…
I work for Lyft and was part of this cut. I truly worked toward fixing things, and I don't want to sound salty here even though will, there's not much going on with Lyft or Uber to save in terms of tech. It's shoddy and useless. For the most part if Amazon got into the game now, and with their flywheel, they could eat Lyft alive and wait for Uber to bleed dry.
Earlier quoted context omitted.
There was an interesting piece in this week's Atlantic on the motivation for having states declare bankruptcy: "Under the Constitution, bankruptcy is a power entirely reserved to the federal government. An American bankruptcy is overseen in federal court, by a federal judge, according to federal law. That’s why federal law can allow U.S. cities to go bankrupt, as many have done over the years. That’s why the financia…
His unwillingness to not solve the state's pension problems should be applauded. the amount of unfunded liabilities is in the hundreds of billions of dollars and approaching a trillion if it has not passed that already. This all happened because the number of public servants who are pulling in over 100k has skyrocketed... 100k+ in retirement.. with millions past 50k! Think about that 50k in pay plus medical. These pe…
There is nothing to applaud with his actions or statements. It’s just malicious and gives the rest of the world a chance to out compete America.
Earlier quoted context omitted.
His unwillingness to not solve the state's pension problems should be applauded. the amount of unfunded liabilities is in the hundreds of billions of dollars and approaching a trillion if it has not passed that already. This all happened because the number of public servants who are pulling in over 100k has skyrocketed... 100k+ in retirement.. with millions past 50k! Think about that 50k in pay plus medical. These pe…
People need to understand, the value of a 100% of final-salary pension for people earning 100K retiring at 55-60 is likely millions . It's even worse with the games people play with PTO and other benefits (where they bump pay 20-30% in their last year to get that pension benefit for the rest of their lives). Look at the average retiree's 401(k) balance for comparison and it gets pretty clear how unfair this is. There…