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Lyft lays off 17% of workforce, furloughs hundreds more

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Re: Lyft lays off 17% of workforce, furloughs hundreds more

#451

Post by sutterbomb »

Acrobatic_Road wrote: post #302
wonderwonder wrote: post #270

Earlier quoted context omitted.

In 2014 the federal government provided 40.9% of Mississippi's state budget. How is that not relevant to the state budget? As a percentage of state budget being provided by the federal government, 13 of the top 15 recipients are red states. https://ballotpedia.org/Federal_aid_to_state_budgets

Very simple answer: blue states have bigger budgets so the % of aid they receive from the government seems smaller. The Federalist has done an analysis of federal aid per resident : >Against a national average of $1,935 in intergovernmental spending per American, red states receive just $1,879. Blue states get considerably more, at $2,124 per resident. Purple states see the least of their money returned to them per c…

Was it intentional that you left out the parts of the article that show blue states pay more in, and receive less per resident relative to what they paid in? Because you completely misrepresented what is claimed by only highlighting the outlay per resident

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#452

Post by RonanTheGrey »

oarabbus_ wrote: post #367
lacker wrote: post #222

Earlier quoted context omitted.

Well yes - there was a civil war! And more recently, the national guard was used to enforce school integration. Things have been much more antagonistic between the federal government and the states at times in the past.

>Well yes - there was a civil war! Hah, this really puts it into perspective. Despite how bad things are now, it's not 1865.

In the years leading up to the Civil War, the states often passed bills specifically intended to hurt each other, and the Federal government passed laws intended to economically harm the south. It was a complete shitshow.

Today's politics are positively gentrified by comparison.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#453

Post by mlthoughts2018 »

mrnobody_67 wrote: post #373
Shivetya wrote: post #304

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…

I ran across that Forbes article yesterday as well... amazing data: "71,000 public employees at every level of Illinois government received six-figure paychecks. Additionally, 23,000 retirees pulled down more than $100,000 in annual pensions."

What about this seems wrong or strange? That seems completely and utterly reasonable to me.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#454

Post by streb-lo »

jshevek wrote: post #364
mikepurvis wrote: post #357

Earlier quoted context omitted.

Isn't that exactly what we're seeing now? The government has basically been in gridlock since 2010, and voters have increasingly rewarded extreme policians who seek to shift the overton window over compromise politicians who work across party lines to find a middle ground. The book American Carnage is a fantastic deep dive on this (and extremely fair and even-handed, despite the bombastic title).

> Isn't that exactly what we're seeing now? If "that" is the cause-effect relationship claimed above, no we are not "seeing" this right now. There is a huge difference between events and the narratives, accurate or otherwise, which some people use to explain those events. The system under consideration is insanely complex, with an immense list of causal factors at play. To me, in my opinion, it's obvious that the cau…

This opinion requires a great deal of justification.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#455

Post by RestlessMind »

hemantv wrote: post #423
Shivetya wrote: post #304

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.

> Now it comes time for due, we don't want to fund these anymore.

The people who agreed to this never wanted to fund them in the first place. If they had, they would have increased taxes or reduced benefits. Instead, we are seeing guaranteed 3% pension increases annually when inflation is <2% and rosy projections about 8% stock market returns when in practice it's more like 5%.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#456

Post by mlthoughts2018 »

altoidaltoid wrote: post #408
mrnobody_67 wrote: post #373

Earlier quoted context omitted.

I ran across that Forbes article yesterday as well... amazing data: "71,000 public employees at every level of Illinois government received six-figure paychecks. Additionally, 23,000 retirees pulled down more than $100,000 in annual pensions."

Consider also that alot of retirees don't stay in Illinois as well. So other states are benefiting from the discretionary spending funded by Illinois taxpayers

Why would that be a problem? The salary & pension are compensation for the career of labor. No part of the pension that person _earned_ is owed back to the original state. That doesn’t make any sense.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#457

Post by otterley »

treis wrote: post #441
hemantv wrote: post #434

Earlier quoted context omitted.

if you are going to cherry-pick, then so be it. what about the police, fire department?

I don't think the police or fire are taking "unprecedented" risks.

Perhaps not, but I don't think it's unreasonable to ask for a risk premium in your compensation. If you're more likely to die or be critically injured earlier than someone else of the same age solely because of the work you do, and your family depends on your income, it's not unreasonable to expect to be paid more to make up for the lost expected lifetime income.

(This is true for all dangerous professions, BTW - not just law enforcement and medical personnel.)

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#458

Post by mtnGoat »

hemantv wrote: post #423
Shivetya wrote: post #304

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.

Other then police and firepeople... what city jobs are high risk? I think most city jobs are paying in the median and giving well above average benefits. it doesn't make sense.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#459

Post by alkibiades »

cactus2093 wrote: post #362
Shivetya wrote: post #304

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…

To be fair, in SF for example the median income is $96,000. And I think that's take-home salary, so the median cost to the employer with benefits is well over $100k. It doesn't seem at all unreasonable that important city workers should make at least the area median wage. Having all of the local government employees be the lowest paid people in the city doesn't seem like a good thing. It is also kind of shocking to s…

so why should people in texas pay for the stupid budget decisions of san francisco when they didn’t waste their money?

it’s moral hazard

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#460

Post by coleifer »

chasd00 wrote: post #392
ashtonkem wrote: post #376

Earlier quoted context omitted.

Pushing people off of unemployment insurance, which it’s generally assumed that some states are doing, all while there is no work to go to isn’t a recipe for a depression, it’s a recipe political catastrophe. In a weaker democracy this stuff would trigger a revolution, and I’m starting to get worried about ours.

this is why a lot of people have raised their eyebrows over the cost of shelter in place vs the risk of Covid19 infection. I'm glad it's becoming more visible, a few weeks ago you'd be shouted down for even suggesting the economic and political consequences of shelter in place could be catastrophic.

Virus going to do what it's going to do. People can choose to stay home but this shelter in place stuff is wrecking the lives of the poor and the people who are most vulnerable.
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