241–250 of 300 posts
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Then you dont know your western history :-) There used to be whole towns where you'd get entirely paid in, and shop with, corporate funny money https://en.m.wikipedia.org/wiki/Company_scrip
> hen you dont know your western history Seems not too many tech people like history: if they did we would not be looping Greenspuns 10th rule derivatives on everything ; nosql, microservices, js, query languages, etc.
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Since you can trade WOW (and many other MMOs’) items for real world cash, I wouldn’t call Blizzard bucks useless. In fact I’ve heard people playing WoW for a living... Basically, say Blizzard compensates you $20k in Blizzard bucks, and you auction off $20k worth of items at a reduced rate, you end up taking $20k * discount rate from Blizzard’s revenue, roughly speaking.
Yeah you can't do this w/o risk of getting fired. Blizz had an internal affairs division that would track this kind of stuff down.
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With this practice, your total pay is always equal to the minimum wage. You get minimum wage even if you earn no tips. In other words, the tips are worth zero to you, they just save your employer money.
Not following. Don't tips go directly to the recipient without any reductions?
The most extreme example is in a state like Alabama where the minimum wage is $7.25 and the minimum tipped wage is $2.13 (these are the federal minimums):
+------------+----------+----------+
|Tips |Wage |Final |
| | |Wage |
+------------+----------+----------+
|0 |7.25 |7.25 |
+------------+----------+----------+
|=5.12 |2.13 |2.13+$tips|
| | | |
+------------+----------+----------+
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With this practice, your total pay is always equal to the minimum wage. You get minimum wage even if you earn no tips. In other words, the tips are worth zero to you, they just save your employer money.
No, your tips can exceed the difference between the tipped minimum wage and the regular minimum wage, in which case you'll be making more than minimum wage. That's the norm.
I shouldn't have said "always".
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With this practice, your total pay is always equal to the minimum wage. You get minimum wage even if you earn no tips. In other words, the tips are worth zero to you, they just save your employer money.
This is correct if you were working for door dash. Door dash deducts the tip per order. Regular restaurants deduct it monthly so if you can gather enough tips in a month to exceed minimum wage you get paid more in that month. If you earn $1000 (minimum wage in this example) and $2000 in tips for $3000 total compensation your employer takes away $1000 and you end up with $2000. There is an opportunity to earn more wit…
[0] - https://www.nytimes.com/2019/07/24/nyregion/doordash-tip-pol...
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Why all the hoops? Companies have shamed us into thinking sharing salaries is bad. It's not. People should share freely, in my opinion it benefits all parties except the company.
It doesn't benefit top earners to share salary information. If I'm making more money than everyone else and the consequences of sharing salaries is equity than it is in my rational self-interest to keep my salary hidden because I'm unlikely to get any kind of raise until equity is achieved whereas I may continue to get raises otherwise. You know what those top earners are going to do then? Quit. And then you end up w…
That's exactly what your boss wants you to believe. What if you somehow, without sharing yourself, found out that you actually were nowhere near a top earner? Would that affect your conclusions?
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If person 1 doesn't tell the group if they're adding their salary at the beginning or at the end, it would provide a little more security between person 1 and 2. i.e. If the minimum rand # is known to be 100,000, and person 2 receives the number 150,000 and knows it includes the salary of person 1...they will know person 1 makes <= 50k
If the first person doesn’t add their number, then the 3rd person has the same “visibility” into the second person’s number, based on the minimum rand. The solution can be to include negative numbers in the RNG range, or keep the RNG range a secret (except to person 1).
Anyways, isn't it possible to add and divide encrypted numbers? Couldn't we just do some variation of this?
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In every company I’ve worked in, a manager gets in much worse trouble if a good engineer reporting to them leaves rather than exceeding budget. Most typically middle managers are not allowed to significantly alter budget for bigger raises that retain important people, yet are then punished or admonished over the comparatively worse budget loss taken through recruiting and onboarding to hire a backfill, as well as get…
Acting rationally is not what I said. I said that they act in their rational self interest. That's a specific concept.
It’s not acting in self-interest for executives to create unnecessary turnover due to withholding appropriate compensation. This leads to worse financial loss than paying high raises, and ultimately executives and managers get fired regularly by acting against their own self-interest by withholding meritocratic raises.
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Eh, anecdotal, but that hasn’t been true in my experience. I’m fairly certain I’m perceived negatively. I show up, do my work, but do not seek any sort of human communication beyond the bare minimum required. I certainly don’t create connections, seek face time, etc. I’ve been with my company for nearly 2 decades and only know about 10 people, and only 2 of those well. I worked with one person for five years on a dai…
I'd say either you're still underpaid, or your employer/boss is a saint
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If I embezzle $10,000,000 from a giant company like GE, its also a drop in the bucket on their balance sheet. But that doesn’t make it right. American public company executives are grossly overpaid, and there’s been numerous studies proving this. Both historically in the US (exec pay has ballooned here since the 1980s) and currently in most other developed countries, companies with lower exec compensation don’t show…
If you are responsible and accountable for $5B revenues and associated decisions, won’t you agree you deserve 0.5% of that revenue? This is generally accepted reasonable management fees for things like index funds. Your credit card company or your iOS platform or Uber takes much bigger cuts.
It was generally accepted 15 years ago that paying 2 and 20 in fees for a hedge fund was reasonable compensation.
Then everybody realized that 98%+ of hedge funds aren’t providing alpha and were basically stealing money from the ignorant.
A similar realization will eventually happen on exec compensation as we get more data.