Oxide pays all employees $191,227 (Bay Area startup)
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Oxide pays all employees $191,227 (Bay Area startup)
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Re: Oxide pays all employees $191,227 (Bay Area startup)
#2They have 23 employees so that's roughly $8300 each? Not bad by North Korean standards!
Re: Oxide pays all employees $191,227 (Bay Area startup)
#3How many "non-privileged" companies (tech or not) can't charge the margins tech can (due to whatever market they're in/competition/"that's just the way it is"/customer's wouldn't pay those prices) which enables them to do stuff like this?
Re: Oxide pays all employees $191,227 (Bay Area startup)
#4Very interesting approach to gaining a comparative advantage in the labor market: pay everyone less.
Re: Oxide pays all employees $191,227 (Bay Area startup)
#5There are currently no open positions, subscribe to our careers feed to get updated when we add more positions
Well, they WOULD pay $190K...
Re: Oxide pays all employees $191,227 (Bay Area startup)
#6> the three of us live in the San Francisco Bay Area, and Steve and I each have three kids; we knew that the dollar figure that would allow us to live without financial distress – which we put at $175,000 a year
Putting aside the fact that is terrible way to determine the rate of pay for anyone, let alone every single person in a company - how on earth did they come up with such a lower number for such a high cost of living area?
Re: Oxide pays all employees $191,227 (Bay Area startup)
#7These are the worst kind of articles. This is self promotion of a dumb idea.
Re: Oxide pays all employees $191,227 (Bay Area startup)
#8This feels like a job posting for lemons.
Edit: This was a reference to Akerlof's "A Market for Lemons"!
Re: Oxide pays all employees $191,227 (Bay Area startup)
#9> the three of us live in the San Francisco Bay Area, and Steve and I each have three kids; we knew that the dollar figure that would allow us to live without financial distress – which we put at $175,000 a year Putting aside the fact that is terrible way to determine the rate of pay for anyone, let alone every single person in a company - how on earth did they come up with such a lower number for such a high cost of…
I'm curious how they make this work in sf unless they own a home or bought a long while back.
Re: Oxide pays all employees $191,227 (Bay Area startup)
#10It's not much, and I'd wager they're restricting their talent pool mostly to people that are making less than that. A senior engineer can easily make almost triple that today.
But I can admire their reasoning (empathy, equality) and the fact that they are sticking by a principle. If I had "f you" money I might simply join just cause what they're doing is so damn cool.