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Facebook is giving $1k to every employee

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Re: Facebook is giving $1k to every employee

#191

The much bigger news here is that they're suspending performance reviews for this half and giving everyone an "exceeds expectation" rating. This is huge for working parents who are having to give up family responsibilities just to grind for their employer.

To the point. It removes the pressure when pressure is everywhere else.

I hate defending FB, but these measures are really good.

Re: Facebook is giving $1k to every employee

#192
post #184

Earlier quoted context omitted.

Haha I'm a contractor at my current job and while my job is extremely secure, all those benefits and assurances my company is sending out don't apply to me. Its great that none of the employees at my company have to show up sick and will still get paid, but what about us temps and contractors? The temps and contractors are the ones that will be spreading covid-19 due to our circumstances.

Isn't that a call you make when you sign on as a contractor though? At least at my company, contractors make a boatload more money, with the provision that you don't get any of the normal benefits provided by the company.

I make less than everyone around me because all that extra money goes to my agency. This is the the main entryway for the poor man to get into a company these days. After a year or 6 months I'm eligible for becoming a real employee if the bosses feel like it and maybe then I can get health insurance too!

Re: Facebook is giving $1k to every employee

#193

I don’t know what the deal is, but I feel like the cynicism on HN has just constantly ramped up over the past couple of years. I actively feel worse after reading the comments on a lot of articles posted on here, and it’s just not an enjoyable experience. There was another article posted recently about a CEO raising the minimum salary of all of his employees to $70,000 and cutting his personal costs to afford it, and…

Seriously, I don't know why people are trying so hard to find the negative here in a thousand bucks bonus to all employees. The top ranked comment in this entire thread is currently "But why? [...] What do they need the extra money for?" Talk about crab mentality. If your employer gives you extra money, you take it! Good on Facebook for redistributing some vanishingly tiny fraction of their cash to their employees in…

I immediately found myself asking "why" too. It's curious, and to an outsider borderline nonsensical. Of course we all know that Facebook didn't get to where it is by committing random acts of kindness, so it's worth thinking it over and trying to understand what might be behind this decision.

It's reasonable to question the actions of one of the most powerful surveillance apparatuses the world has ever known.

Re: Facebook is giving $1k to every employee

#194
post #177

Earlier quoted context omitted.

Is it note worthy that people who will not have issues are getting even more? I would say no? There should be some cynical response to that. "Oh you loose your business? I just got 1k extra to my FB salary" I'm not even sure why FB would not try to do something for the society directly with it's money instead of giving it to there well paid employees.

FB is donating to WHO, is creating a fund to help small businesses, partnered with CNN to spread awareness and keep people safe, and the Chan-Zuckerberg foundation has been helping test people across the Bay Area. Can they not help their employees too? I'm a FB employee and while I'm not in need, not everyone is a developer. Life is expensive here in the bay. I think some people need to chill.

I don't mind it but I do sympathize with people who might see this as an inappropriate news.

Re: Facebook is giving $1k to every employee

#195

Earlier quoted context omitted.

Most Americans who are 'barely surviving' are still surviving. Surviving means you have all your immediate needs met. That means your life is exceptionally easy. Most of the world cannot have their basic needs met. That is the typical state of humanity. Most Americans can not only have all their immediate needs met, they are also able to pay off the debts they have taken, which puts them lightyears ahead of most of t…

Well yeah that's survivorship bias, many Americans die every day from direct results of poverty. Most Americans I know barely have their needs met, I've lost many friends to suicide and drug overdoses etc. Of course there are places that are still worse off, that doesn't excuse in any way the horrible inequalities in our current system. It would honestly only require simple things like m4a, higher min wage, to make l…

> The only real argument against it is that it would cost rich people money.

If that is your characterization of the arguments against UBI, you are not paying attention, and I am someone who is rather favorable to UBI (or a negative income tax). Your characterization of your opponent's argument is extremely disingenuous.

Re: Facebook is giving $1k to every employee

#196
post #22

Earlier quoted context omitted.

If you read the article you will see they are also giving every essentially a full bonus irrespective of performance. Depending on individual agreements that could be a significant sum so it's definitely not a fraction of a percent of anybody's annual pay.

Facebook has always given out bonuses, that's not news. The news is giving every employee $1000, and I'm saying that's a horrible decision on Facebook's part and they should be shamed for it. They should use that money to help those in need, or just not do anything at all. Facebook has always been known for its unethical decisions, but this is just dumb - unless their goal is to get some incredibly superficial PR for…

You've failed to comprehend the article and now you've failed to comprehend my comment. Facebook isn't simply 'giving bonuses'. Bonuses are based on performance. It's rare at a company that you will get 100% of your performance bonus. In this case Facebook is giving everyone a high performance score (and therefore a high % of their bonus) regardless of how well they performed.

For perspective: someone on a $100k salary with a 10% bonus might normally expect $4-8k bonus. Not it'll be $9-10k. Depending on how high the salaries are and how large the bonus %'s are the difference could be quite a lot.

Re: Facebook is giving $1k to every employee

#197

Earlier quoted context omitted.

Well yeah that's survivorship bias, many Americans die every day from direct results of poverty. Most Americans I know barely have their needs met, I've lost many friends to suicide and drug overdoses etc. Of course there are places that are still worse off, that doesn't excuse in any way the horrible inequalities in our current system. It would honestly only require simple things like m4a, higher min wage, to make l…

> The only real argument against it is that it would cost rich people money. If that is your characterization of the arguments against UBI, you are not paying attention, and I am someone who is rather favorable to UBI (or a negative income tax). Your characterization of your opponent's argument is extremely disingenuous.

I mean I'm seeing stuff about the velocity of the dollar being affected and causing inflation but I don't even really see it increasing that much when people are so strapped for cash already. The idea that businesses will raise prices to match is ridiculous, we hear that about minimum wage as well; are these businesses not charging the most they can already? 1k/month isn't going to make anyone flush, it'll just be helping them make ends meet.

I shouldn't have spoken so absolutely there, I'm totally open to hearing any and all real concerns about this. We should really be pursuing it seriously though and trying to find solutions to these concerns instead of just identifying and using them to write it off. It really can't be overstated how amazing this would be for working class people, and it really can't be overstated how much they deserve it.

It'll have untold positive ripple effects in our society, and as I understand it all we really have to overcome is maybe some inflation. We should experiment and run simulations and research the hell out of this because we owe it to the people who make our food, deliver our packages, etc

Re: Facebook is giving $1k to every employee

#198

Earlier quoted context omitted.

Seriously, I don't know why people are trying so hard to find the negative here in a thousand bucks bonus to all employees. The top ranked comment in this entire thread is currently "But why? [...] What do they need the extra money for?" Talk about crab mentality. If your employer gives you extra money, you take it! Good on Facebook for redistributing some vanishingly tiny fraction of their cash to their employees in…

I immediately found myself asking "why" too. It's curious, and to an outsider borderline nonsensical. Of course we all know that Facebook didn't get to where it is by committing random acts of kindness, so it's worth thinking it over and trying to understand what might be behind this decision. It's reasonable to question the actions of one of the most powerful surveillance apparatuses the world has ever known.

Shopify also gave its employees $1000 to fund work-from-home office equipment. ie, chair, desk, screens ... A thousand bucks doesn't go very far in America.

Feels like the wrong thing to be paranoid with Facebook over.

Re: Facebook is giving $1k to every employee

#199
post #183

Earlier quoted context omitted.

So instead of reducing hours without cutting pay, or even just finding ways to give parents more flexibility in their work arrangements, we increase the demand and thereby the cost of those services so those employed in less cushy/flexible industries have no recourse.

True. But that would imply less work done for them. Not their interest.

$1,000 pays for maybe two days of childcare at home. I don't see $1,000 making much difference for them if their interest is to free up resources for working at home.

Re: Facebook is giving $1k to every employee

#200

Earlier quoted context omitted.

Life is only easy for about 1% of the country... Most of us are barely surviving

This isn't meant to diminish the plight of those suffering in America, but it takes approximately $32,000 to be in the top 1% for worldwide incomes. Much of America's poor are relatively wealthy when you consider the global scale. I don't know that there's any object lesson in that, but it's worth remembering that most of us live positively enveloped in so much privilege that we take for granted how much more difficu…

Except very rarely can you live worldwide while earning that. Someone on that much money is going to be struggling in Sydney, not the sort of person you would call the 1% to their face. It's actually around the legal minimum wage not including annual/sick leave and retirement benefits.
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