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So the classic argument of 'trickle down economics'. I"d wager that that $1k will just go into their bank account, like their bonus would.
Facebook is not the government. They are doing something positive in their locus of control. And of course people are upset about it because... reasons.
And $100 million in cash grants and ad credits to small businesses in 30 countries.
https://www.facebook.com/business/boost/grants
#idontspeakforfb
But why? Aren't most of their employees going to still be making their salary anyways? What do they need the extra money for? The people in the economy that really need the money are not the people working at Facebook. I mean, congrats to Facebook employees, I just don't understand why.
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Not every FB employee is a highly paid software engineer who has savings to weather a multi-month public health crisis.
then not everyone should get it
> It’s not clear if Facebook will also give a bonus to contractors who are content moderators. It seems like they are the most at-risk, considering they are not paid as much as all the developers.
I work with some of them in Greece. They have monthly contract extensions and are paid by day, no sick leave. Most offices have skeleton crew now. Technically it is not fb, but agency who employs them.
And that's part of the problem, IMO. It enables Facebook to say "we're giving these protections to all our employees" which is technically correct but leaves out many people who labor for Facebook.
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Why? It's a fraction of a percent of most employees' annual pay, which presumably they are still receiving. If anything, it's like giving everyone a tiny bonus for some PR. At least that's how I read it. If they gave that money to contractors, that would actually be a gesture of good will. Honestly I feel like they'd be better off only giving it to contractors and ignoring their employees, who are already extremely w…
pleasing cynics is like pissing outside on a windy day when you have to go - damned if you do and damned if you don't. read the article - they're giving out 1k to each of the 45k employees. i'm sorry for the contractors (i don't know if it includes them) but that's still a small city's worth of people. they're also guaranteeing bonuses for the next two quarters for all of those people. i don't care about fb but the m…
Why not actually do something useful with the money, like donate it to a charity in need that's trying to help those suffering from the epidemic?
Yes - I genuinely think this is a bad move, as in they should have not done it at all. As someone who does make a stupid amount of money, I wouldn't care about an extra $1k, but I know people that would. This is just trickle down economics.
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 even with this gesture there were many negative comments and conspiracy theories about it.
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Maybe they think all their employees will spend an extra $1000 they wouldn't have otherwise. Some of it might be spent keeping local business running for a week? I don't know.
arent local businesses closing?
But why? Aren't most of their employees going to still be making their salary anyways? What do they need the extra money for? The people in the economy that really need the money are not the people working at Facebook. I mean, congrats to Facebook employees, I just don't understand why.
Trickle down of course. Those Facebook employees are expected to donate their bonuses to the others in society that aren't getting any help. Isn't that what other companies are asking? People to donate their sick days?
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Yes, but in the Bay Area it's not uncommon to have household workers – cleaners, nannies, etc. Something like this would allow people to continue to pay those folks who are not working now, and have no other form of income or assistance. It would help the FB workers, because they're going to be doing that work on top of their normal jobs. Not saying that's what people will use the money for, but it ups the odds at le…
So the classic argument of 'trickle down economics'. I"d wager that that $1k will just go into their bank account, like their bonus would.
Do you have a notion of who owes whom how much? Then please share.