Overemployed – Work Two Remote Jobs • Hacker News Board

Re: Overemployed – Work Two Remote Jobs

#101

Post by downrightmike » Wed, Dec 22, 2021, 2:10 AM UTC

throwoutway wrote: post #99

shaftway wrote: post #97

Earlier quoted context omitted.

You're partially right, but at the income level we're talking about the taxes aren't any more graduated. I'd expect someone with these incomes to be in the highest tax grade, and the marginal rate at this point is 41-43%, between federal and state in CA.

Many talented engineers do not live, nor want to live, in California

The coasts are crazy, the people in the 20th century just dumped all kinds of really toxic chemicals and nuclear waste, I was surprised about just how much nuclear waste is in the waters around California . https://www.wsj.com/articles/SB10001424052702304773104579268...

Re: Overemployed – Work Two Remote Jobs

#102

Post by rmk » Wed, Dec 22, 2021, 5:51 AM UTC

yunohn wrote: post #65

betaby wrote: post #10

How 'powerful' are employed? What is their employment status? At previous company CTO was in boards of another 5+ companies + owned partially another 2. How that works at 'that' level?

This is a really important point. While us salaried workers struggle in a 9-5, the powerful get multiple board positions that each pay more than our annual wages.

Board members get equity compensation that can equal that of a pretty good high-level engineer, oftentimes way more. But they are responsible for the financial performance of the company and are also legally responsible for the company. They can also be named in lawsuits personally for breaches of fiduciary responsibility. Although corporations explicitly exist to shelter these people from liability, it is not 100% and there is some degree of risk involved.

But it's a nice job if you can get it. You get to put in 3-4 hours of work a month for some pretty nice dough.

Re: Overemployed – Work Two Remote Jobs

#103

Post by Borrible » Wed, Dec 22, 2021, 12:12 PM UTC

Not remote jobs, but was Einstein a time bandit to the Swiss patent office?

https://oxsci.org/einstein-at-the-patent-office/

Re: Overemployed – Work Two Remote Jobs

#104

Post by Salgat » Wed, Dec 22, 2021, 1:08 PM UTC

valdiorn wrote: post #70

Wouldn't you be better off just being a contractor and taking multiple contracts in parallel? That way you're legally covered, and as long as you're fulfilling your tasks, you could in theory keep everyone happy and collect multiple paychecks without breaking any rules.

You're not in the legal clear if your reported hours overlap between the two companies.

Re: Overemployed – Work Two Remote Jobs

#105

Post by downrightmike » Wed, Dec 22, 2021, 5:46 PM UTC

rmk wrote: post #102

yunohn wrote: post #65

Earlier quoted context omitted.

This is a really important point. While us salaried workers struggle in a 9-5, the powerful get multiple board positions that each pay more than our annual wages.

Board members get equity compensation that can equal that of a pretty good high-level engineer, oftentimes way more. But they are responsible for the financial performance of the company and are also legally responsible for the company. They can also be named in lawsuits personally for breaches of fiduciary responsibility. Although corporations explicitly exist to shelter these people from liability, it is not 100% a…

By responsible for financial performance, I believe you mean getting mean whipping employees until they make you more money.

Re: Overemployed – Work Two Remote Jobs

#106

Post by s_jack_frost » Tue, Dec 28, 2021, 4:36 PM UTC

pauleibye wrote: post #55

Please don't do this. It's so painfully obvious when people do this and it's an awful experience for everyone involved when you get caught.

This is survivorship bias. You only hear about the people who are bad workers in general and get caught, not the ones who do both jobs well and only get positive feedback.

Re: Overemployed – Work Two Remote Jobs

#107

Post by dplgk » Sat, Jan 01, 2022, 4:42 AM UTC

engmgrmgr wrote: post #83

When employees have high variance, or some other issue, I expect a good manager to debug it. It’s not that hard to figure out your 35% impact is because of your suboptimal juggling of two jobs. We just let someone go for this (proved of course).

Curious how you proved it/found out about the other job.