Earlier quoted context omitted.
Nothing to do with it is a strong claim. Do you believe that labor is a market that does not generally behave like other markets in terms of supply and demand for price discovery? Do you believe that immigration did not increase supply by more than it increased demand? I’m trying to tease apart and understand your certainty that there is no downward pressure on wages from immigration.
Immigrants also grow the economy and so create jobs. They participate in the economy as consumers and as entrepreneurs. Maybe a way to think about it that might help is to imagine a country containing only you. Would your job be safe?
Female Founder Secrets: Fertility
721–730 of 770 posts
Re: Female Founder Secrets: Fertility
#722Earlier quoted context omitted.
Here's an unpopular thought: raising kids, motivating them to learn, helping them mature, teaching them your values, helping them get out of bad influence, is a full-time job. It requires education to explain the right things and show good examples. It requires soft skills to be patient and persuasive. It requires people skills to counter out bad influencers. It requires time, dedication and patience. It's not the sa…
I think most of the people HN haven’t spent much time with people out of the “bubble”. “Trigger warning” This is my experience from my wife, our friends, and my community & family. But it might provide some insight. 90% of women I speak to would love not to work and would like to raise kids (most men too). It’s more about the wage gap. Most of the people I speak with believe (and I agree) believe the lack of wage gro…
Re: Female Founder Secrets: Fertility
#723Earlier quoted context omitted.
You are right that most of their wealth is tied up in assets but you don't need to convert their wealth into cash, you can just transfer ownership. Example, take Elon Musks shares in Tesla and just give them to random people. Some of those people may sell, but many won't. This clearly won't destroy the value of Tesla since they will continue making cars. They made good cars before Elon joined Tesla, and they will con…
> They made good cars before Elon joined Tesla Musk became CEO of Tesla in Oct 2008. As of Sept 10, 2008, Tesla had delivered 27 cars to customers. That's about as "technically correct and practically wrong" as I've seen.
I wouldn't trust a company cutting so many corners. Recent recall is another example.
https://www.reuters.com/article/us-autos-tesla-newera-insigh...
Re: Female Founder Secrets: Fertility
#724Earlier quoted context omitted.
Immigrants also grow the economy and so create jobs. They participate in the economy as consumers and as entrepreneurs. Maybe a way to think about it that might help is to imagine a country containing only you. Would your job be safe?
On the other hand imagine there was only one country in the world containing everyone, what would the average wage be?
https://worldpopulationreview.com/country-rankings/median-in...
Re: Female Founder Secrets: Fertility
#725Earlier quoted context omitted.
> You can't both have a wonderful career, a great marriage, and give your kids all they need from their parents. What we really need is for people to stop believing that "having it all" is possible, and therefore expecting that someone owes it to them. I think the brutal/ultra-competitive work culture is uniquely American - Europe seems to do OK with giving working parents generous amounts of time (and money!) to be…
>I think the brutal/ultra-competitive work culture is uniquely American American work culture is only moderately competitive. Many Asian work cultures are much more competitive than the US, where women taking a break to have children will basically end their career (and indeed this is how many women plan their careers), and paternity leave greater than 2-3 days have only started to show up in the past few years. Most…
Re: Female Founder Secrets: Fertility
#726Earlier quoted context omitted.
> They made good cars before Elon joined Tesla Musk became CEO of Tesla in Oct 2008. As of Sept 10, 2008, Tesla had delivered 27 cars to customers. That's about as "technically correct and practically wrong" as I've seen.
What's wrong here? It's not like Elon designed the model S, Mercedes engineers along with Tesla ones did. Mercedes invested in 10% of Tesla and even ordered Tesla batteries for Mercedes models. But found Tesla didn't test their batteries for durability and safety. Mercedes reduced the range of their B models and added shielding to compensate. Tesla owners had to learn the hard way after several Model S cars caught on…
So, while it's technically absolutely true that "they sold cars before Elon joined", it's a literal rounding error.
Re: Female Founder Secrets: Fertility
#727Earlier quoted context omitted.
If we took every dollar from all the billionaires in the US we could give everyone around 10k. If we did the same for the entire top 1% we could give everyone around 100k. We could do this exactly once, and it would destroy enough wealth (most of this money is in assets, whose value would be destroyed in the process) that the real value you'd get out of that number would be A LOT less. The rich are not the source of…
You are right that most of their wealth is tied up in assets but you don't need to convert their wealth into cash, you can just transfer ownership. Example, take Elon Musks shares in Tesla and just give them to random people. Some of those people may sell, but many won't. This clearly won't destroy the value of Tesla since they will continue making cars. They made good cars before Elon joined Tesla, and they will con…
Re: Female Founder Secrets: Fertility
#728Earlier quoted context omitted.
If we took every dollar from all the billionaires in the US we could give everyone around 10k. If we did the same for the entire top 1% we could give everyone around 100k. We could do this exactly once, and it would destroy enough wealth (most of this money is in assets, whose value would be destroyed in the process) that the real value you'd get out of that number would be A LOT less. The rich are not the source of…
Yes. Also the main point is: this means most of the gains (almost all) of a company go to the employees. The idea 9f let's redistribute income so the rich get less and everybody gets more would not make a real difference. (that is also the reason why the middle class has the highest total tax)
If we take everything from everyone worth 2 million or more, and distribute it at 10% a year, that's still only 10k a year extra.
Re: Female Founder Secrets: Fertility
#729My two cent : we got the whole ''parental leave'' thing wrong because we make business pay and the individual pay the costs. Big firm might have plenty of ressources to deal with it and 'not appear sexist', but a startup or small business will not. It should be a government program to help both the individual and his employer.
In Canada it was introduced as part of the Employment Insurance system. I think that’s a good way to look at it and spread the costs across the workforce. It doesn’t replace your full wages (I think it’s 55%, though some employers top it up with private insurance), but the parents basically get a year of wage support to divide between the two of them. Your employer also has to hire you back.
I'm not against paid leave or work-family balance. But the current canadian system simply assumes that its cost does not exist because they are distributed, without thinking of the consequences. Its just bad populist policy, and make sexism the most economic choice for a lot of decision makers.
My proposal : why can't we pay women for the work they actually do? Childcare and all that? Why can't we put ''raising a family'' as part of your linkedin profile? Dealing with babies certainly prepare you to deal with toxic coworkers.
Re: Female Founder Secrets: Fertility
#730Earlier quoted context omitted.
But our society has taken a weird turn. Instead of recognizing the importance of this job, respecting stay-at-home parents and encouraging as many families as possible to invest in the future by taking the best care of their kids, we have effectively destroyed it. I don’t accept the “we” here. Who did what exactly to “destroy” it? And thanks to supply/demand, it's now expected for both spouses to work if you want a r…
> That’s true whether that $200k/year comes from one earner or two. In fact, if it comes from one earner you are a little better off tax-wise (because of the social security cap.) Wait. What? Where are you that does not have tax brackets? Is that common in the US? In Australia you are substantially penalised for being a household that draws all your income from one person. It's not even close. And it's infuriating. O…
The married, childless middle class really does get a bit screwed when it comes to taxes.