141–150 of 624 posts
Sadly I expect Big Tech is looking at remote work for the wrong reason, mainly labor cost arbitrage. I say sadly because I think Big Tech could do a lot of social good in an ever increasing divided America by making a concerted effort to employ remote workers from diverse geographic regions within America.
Earlier quoted context omitted.
> Leadership is paid for the value they bring. Primarily through huge stock grants as part of their multi-million dollar compensation packages. No they're not. They're massively overpaid relative to value they bring. They generally get these multi-million dollar compensation packages regardless of performance. Presumably this is also because of their power to negotiate which is high because they're more or less in ch…
Overpaid or not (I tend to agree that they are overpaid), if a significant portion of their compensation is stock grants, then that portion of their compensation is directly tied to the value of the company.
Earlier quoted context omitted.
No it isn't about power. Labour is a market and is governed by the laws of supply and demand (typically). A cleaner gets paid less because it is unskilled work and almost any able bodied person can be a cleaner. Same someone that stacks shelves in a super market. The same happens in our industry. VB.NET developers aren't in demand, the contract rates are sometimes £200-300 a day less than a React JS / C# .NET Core de…
What are the rates for React/C#?
Earlier quoted context omitted.
> neither is a fundamental human right, and rather a societal contract This seems like a purely semantic distinction to me. Unless you're religious and believe that humans are "endowed by their Creator with certain unalienable rights" then everything you're claiming as a 'right' is just some generally-agreed social principle that your ancestors fought hard to establish.
There's a secular right and wrong too. It's not that murder is OK, with a fee of life sentence. It is wrong and should never be done, and backed up by legal penalties.
Earlier quoted context omitted.
The Software Developers will follow the path of the Autoworkers of the 60s, once a high paid and esteemed profession which becomes a menial job with average pay. It is not that far either, I bet Software Developers do not have beyond 7 years for this to take shape and of course, those massive layoffs are just around the corner when remote works becomes the standard.
> The Software Developers will follow the path of the Autoworkers of the 60s, once a high paid and esteemed profession which becomes a menial job with average pay. yeah... but the choice here is political, it's not the natural forces of the market (it's rarely the natural forces of the market). Working in Germany as autoworkers, you still get a more than decent wage. Sure, work is hard. But money is good. America ins…
If you live in the US and are advocating for this be careful what you wish for. It could lead to your 100-200K per year salary being cut to well below 100K to equalize across all engineers including those in low cost areas such as China and India.
The Software Developers will follow the path of the Autoworkers of the 60s, once a high paid and esteemed profession which becomes a menial job with average pay. It is not that far either, I bet Software Developers do not have beyond 7 years for this to take shape and of course, those massive layoffs are just around the corner when remote works becomes the standard.
Earlier quoted context omitted.
> Leadership is paid for the value they bring. Primarily through huge stock grants as part of their multi-million dollar compensation packages. No they're not. They're massively overpaid relative to value they bring. They generally get these multi-million dollar compensation packages regardless of performance. Presumably this is also because of their power to negotiate which is high because they're more or less in ch…
Overpaid or not (I tend to agree that they are overpaid), if a significant portion of their compensation is stock grants, then that portion of their compensation is directly tied to the value of the company.
One small nuance: it can be disproportionately tied to the short term value of the company. One of the moral hazards of this compensation scheme is that it may incentivize an executive to make decisions that inflate the value of the company short term while also de-valuing it long term (when they are no longer part of the company -- presumably after they've extracted that value).
> You should expect "equal pay for equal work" at your new remote job So naive. In an ideal, utopian world? Maybe it would work this way. Maybe. In reality, your compensation is a function of your negotiating power. Some people, in fact, manage to get the same pay even when working remote, because they're "highly employable". Others don't. And let me add: I almost agree that remote work shouldn't necessarily command…
> In reality, your compensation is a function of your negotiating power. This quickly falls down once salaries and payments become public. In economic parlance, when everybody has all the information and the job market becomes efficient.
This will happen but people will should not be surprised that we all get paid Topeka KS salaries not San Francisco CA salaries. The long term strategy of location pay differentials may seem like punishing people for leaving SF, but it's the opposite. I've been paid 80% of SF rate to live in the middle of nowhere and anyone else who has done this will realize it's an amazing deal. When a 3000 sq ft house costs conside…
ADDED: Salary is pretty sticky in a downward direction. However, over time, one can imagine levels equalizing as things like RSUs/bonuses become more similar across locations.
> You should expect "equal pay for equal work" at your new remote job So naive. In an ideal, utopian world? Maybe it would work this way. Maybe. In reality, your compensation is a function of your negotiating power. Some people, in fact, manage to get the same pay even when working remote, because they're "highly employable". Others don't. And let me add: I almost agree that remote work shouldn't necessarily command…
Then companies should have no problems whatsoever with Unions? I mean, if a group of employees want to get together to amplify their negotiating power, then they should not stop that?
The whole point of having negotiating power is they can't just "stop" it. Because you, as a union, collectively have enough power to force them to the table to negotiate.
Whether or not the company has a problem with unions is basically irrelevant.