I avoided this issue by embracing the completely non-controversial “become a contractor” work schedule. When you’re a temp they specifically want you NOT to work overtime without prior authorization - because they have to pay for it. And as a software dev I was always treated identically with employees, except for a few special things like some company meetings and offsite events - which I didn’t want to attend anyway. And I got paid almost twice as much hourly than I would as an employee. Sure, I had to buy my own health insurance and didn’t get paid time off, but when you double your salary those are non-issues. But what about job security? LOL what about layoffs? My job security was that there are always contract jobs everywhere.
Capitalists going to capitalist
Management is on 1034.
I gots to find me one of those jobs. My wife and I are in middle management and are more like 10-12 hour days, 5 to 6 days a week. I’m not a fan.
Reicht Wingers: Hey birthday rates in the US are plummeting!?!?
Tech Bros: Let’s make 20 and 30 somethings work 72 hours a week!
Reicht Wingers: Genius!
Will they be introducing company stores next?
I would work that many hours a week as long as I got paid +$1 million a year. Otherwise, it would just make more sense to start my own business.
If you’re going to work that hard to make some rich guy richer, why wouldn’t you do that for yourself?
I had that revelation 30 years ago, and I’ve been mostly self-employed since. Even in those times when I wasn’t, I was still working for my own benefit, not anyone else’s. Those jobs didn’t last long. I can only work for myself. I’m a good boss, I get away with everything.
That’s a good question, what do you suggest I research to find out what to do for myself? I’m thinking about starting my own recycling business in the future, but that’s about it.
Start reading about business, and start thinking about a micro business you can start with very little money, and start doing it. Never forget that the ONLY goal is to make a profit, because that is your income.
Kobe Bryant dedicated all his waking hours to basketball, and I don’t think there’s a lot of people saying that Kobe Bryant shouldn’t have worked as hard as he did.
Yeah, but he was working to achieve something for himself and not to make some parasite richer.
I wouldn’t do it for money… I’d do it for a SHITLOAD of money (and then collect unemployment once the bubble bursts, as a soft-retirement)
That sounds like a good way to have your entire workforce quit on you…
It’s a startup, the goal is to get people who work for vaporous promises of future wealth So you squeeze them as hard as you can imagine then the company collapse and you take their work and sell it to private equity aka “angels”
Oh, does that make Silicon Valley Already Existing Socialism now? Much heirarchy smashing, very worker’s rights, wow
I’ll agree to it, but best I can do is 2 hours a day dawg
The founders can do all the 996 they want, but if they want to have their employees do the same, they should offer a fair share of the company at least.
Sorry, best we can do is offer a .00001% stake and pretend like it’s your ticket to early retirement.
You are not kidding. I have some experience with startup stock options and… it’s not pretty.
Before anyone retorts with remarks about “phantom stock” and other similar offers, I want you to do some math.
Figure out what the ‘strike price’ of that stock is likely to be when it matures, and calculate what the payout will be. Then figure out capital gains tax and subtract that. Divide what’s left over by the amount of unpaid overtime (hours in excess of 40 a week) you’re going to put in for the maturation window. Lastly, compare these figures to other testimonials in your field, and also, look up typical yearly bonus figures for more mature companies. You’re going to see that it’s not a lot of cash for the extra time, that it’s nowhere near your base pay rate, and more established companies are going to do a better job of compensating folks for less effort. You may even find that with a 996 grind-set, it might pay out less than taking a second job at retail.
I can also warn you that if the company sells instead of going IPO, you may get a much smaller payout than all that. I was in a situation where they threw the advertised strike price in the trash, and negotiated a sale of everyone’s stock to the buying company for much, much less.
That’s ok, they can promise more with no intention of ever paying it because there’s a special privileged ‘preferred’ stock that the bigger investors and executives get that’s prioritized for sales and dividends before anyone else’s.
Silicon Valley Workforces Embracing Controversial ‘Kill The Asshole CEOs’ Strategy
why are they working so much, they don’t do anything
The Americans and their piss poor labor laws, They like working beyond the point of diminishing return.
