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Startups Are Scooping Up Big Tech’s Cast-Off Workers

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Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#191

Post by Demoloto »

throwaway8582 wrote: post #117
deeviant wrote: post #101

Earlier quoted context omitted.

So because the government is perceived to be bad at stuff, we should instead redistribute (an even greater part of) the wealth to rich people, because they do a really good job bring societal good with their piles of gold?

Lowering taxes and allowing people to keep their own money qualifies as "redistribution" now?

Yes. Guess who is profiting from higher taxes? Poorer people.

Who has most from low taxes? Rich.

And yes I know I know hn also has plenty of fang people

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#192

Post by [deleted] »

virtualritz wrote: post #53
dantheman wrote: post #44

Earlier quoted context omitted.

What are you talking about? The US has one of the most progressive tax systems, and like 50% of people don't even pay income tax. The government wastes money and the medical establishment is corrupt -- but that has nothing to do with rich people living off of the poor. The poor in America are far richer than the poor in most other countries.

> The poor in America are far richer than the poor in most other countries. You probably mean the US/Canada. 'America' includes South America for which this is not generally true. However, replace 'America' in your sentence with any developed country and the statement is indeed generally true. And thusly of little value to this discussion. Specifically it doesn't change the fact that the poor in the US are much poore…

[deleted]

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#193

Post by Demoloto »

m0llusk wrote: post #94
choeger wrote: post #33

Earlier quoted context omitted.

In Germany, it's not the social system per se but it's aoparent utter ineffectiveness. We're paying more and more every year but the state/public system seems to fail everywhere and worse so than the year before. It's like the money is completely sucked up by some unproductive black hole. And no, it's not because of reduced taxation from rich to working class, or missing taxes on property or some other policy. These…

[flagged]

If you talk about Germany, you do know that the last akws only contributed 5%?

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#194

Post by roym6 »

fmajid wrote: post #21

Many are going to start their own startups and the seeds for the next Cambrian explosion are being cast today, just as they were in 2001–2003 or 2008. That said not all Big Tech employees can deal with the hustle required at a startup.

Not all big tech employees want to deal with the hustle required at a startup. That's why we're in big tech. Most of my teammates work to live, we don't live to work.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#195

Post by NearAP »

aledalgrande wrote: post #179
fmajid wrote: post #21

Many are going to start their own startups and the seeds for the next Cambrian explosion are being cast today, just as they were in 2001–2003 or 2008. That said not all Big Tech employees can deal with the hustle required at a startup.

Most big tech employees are not startup people. That's why they work at big tech.

You can't necessarily reach that conclusion.

Big tech employs more people than startups, which means it's more likely for someone to get a job at big tech than a startup. It's just a law of numbers and has nothing to do with whether they're suited for startup life or big tech life.

In addition, in the US, foreign students who just graduated are more likely to get a job at big tech than startup because more big tech sponsor H1B/Green card than startups. And the fear/circumstances around losing your immigration status means more of them might opt for big-tech than startup

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#196

Post by tcmart14 »

forgotmysn wrote: post #4
hammyhavoc wrote: post #3

Earlier quoted context omitted.

I mean, I do agree, but isn't this what journalism is? Reporting on the facts? It's a thing that's happening, ergo it's news. If there's a shooting and shootings have happened before, is that not still news? It happened after all. It's got to be better than just ignoring things because it's status quo.

this might have been news is like, 2009, but it's certainly not a new trend worth reporting.

Could this contribute to people's nostalgia that the past was so much better? Because they were not really getting all the news. My grandparents will swear kidnappings never happened in the 50s when they were kids. The reality is, they happened but were not reported as they are today. Does this contribute to their view of, "the wold is so much worst today!" Is the reality that, the world only seems worst, but in reality isn't much different? Do we really prefer a world where kidnappings are hardly reported and not have much of a far reaching effect?

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#197

Post by dghlsakjg »

NeverFade wrote: post #129
zzzeek wrote: post #98

Earlier quoted context omitted.

[flagged]

In 2022, a 5-year peak year, 313 people in the entire US died from active shooters: https://www.cbsnews.com/news/active-shooters-fbi-report-2022... That's out of 330 million total population.

Active shooter events are but one way to get shot in the US.

If we go look at other categories of shootings for 2022 we see that more than 20k people died from non-suicide gunshots.

And there were 647 mass shootings.

https://www.gunviolencearchive.org/past-tolls

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#198

Post by water554 »

lghh wrote: post #159
boc wrote: post #135

Earlier quoted context omitted.

You’re paying for healthcare at a tech company? Usually your company provides this as a benefit. Same for commuter subsidies.

Even with best-in-class health insurance in the US, one "gotcha" leaves you with an unpayable bill. Usually, your company provides health insurance. Health insurance != health care. Larger companies (I assume this translates to tech) will also usually have a clinic on-site for smaller things and it's heavily subsidized or free. None of this prevents you from 6-figure debt for something like a difficult, but largely b…

Most insurance plans have an out of pocket maximum, no?

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#199

Post by nickpp »

zer0tonin wrote: post #104
RestlessMind wrote: post #88

Earlier quoted context omitted.

> In France, apparently you can go on unemployment for 2, up to 3 years to start a startup. With up to 80% pay. Then why does France have such a low rate of new business formation (5.3/1000 people) - https://data.worldbank.org/indicator/IC.BUS.NDNS.ZS?most_rec... Or as another indicator, number of tech startups per Million is 234 for the US, while only 24 for France - https://www.startupranking.com/countries

3 things: - the culture is not the same as the US. French people tend to be very financially risk-averse - the VC eco-system in France exists but it is trash - people who have the skills to create startups in France tend to do it outside of France because they will have access to better capital/labor markets (for example, DataDog and Docker both have french founders)

Also, how easy is it to fire people in France? If it’s difficult then startups will be much more reluctant to hire in the first place, and founders to embark on the whole startup adventure which necessarily implies a lot of hiring/firing.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#200

Post by mkr-hn »

nicenewtemp84 wrote: post #103
miiiiiike wrote: post #10

If it's anything like 2011-2015 these former-FAANG employee heavy startups are going to be desiccated once FAANG decides to start hoarding talent again.

If you let your bottom 20% performers go, what are the odds you'll want them back?

A bottom 20% can become a top 1% with more life experience. Humans are versatile.
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