They wouldn't — and Mailchimp employees didn't. The market value of your labour is what you can get a company to pay you.
The hypothetical market value of employees in a world where Mailchimp did offer equity and employees stuck it out to reap that upside doesn't exist, so arguing the point makes no sense.
The value of one's labour is the value it generates - not what anyone is willing to pay for it. The value of the cumulative labour of Mailchimp's engineers is $12 billion which vastly exceeds the amount it was sold for.
> The value of the cumulative labour of Mailchimp's engineers is $12 billion
No, that's the value of MailChimp as a company. That includes the product, the branding, the management and the customer base.
> The value of one's labour is the value it generates - not what anyone is willing to pay for it.
The market value of anything is exactly the value that anyone is willing to pay for it and that's the only value that actually matters in this case. No one knows the exact value that anyone specifically contributes on a large project. How much of MailChimp value is due to its engineers and how much is due to its sales team? The only thing sure is how much the company agreed to pay its emgineers and that didn't include equity.
If you want to own parts of the company you work for, go work for a company giving equities. If you work for a company which doesn't, you are not entitied to a part of the company value when it's sold. That's literally the meaning of being an employee.
> No, that's the value of MailChimp as a company. That includes the product, the branding, the management and the customer base.
How did all these valuables come into existence? Through the employees labour. Thus the value of this labour must be equal to the value of these assets.
> The market value of anything is exactly the value that anyone is willing to pay for it
I never used the term "market value". Sorry if that is what you thought I meant, despite that I didn't use the term. And no, market value is not the only or the best way to measure value.
> The value of the cumulative labour of Mailchimp's engineers is $12 billion which vastly exceeds the amount it was sold for.
Yes, that's how employment works. Companies do not pay you exactly the same $$ you generate, that's just common sense? Why would they employ you if you cost just as much profit as you generate?
The question here is whether Mailchimp _exploited_ its employees by not offering equity. Unless an employee was lied to and told they might later receive equity, they all joined under the assumption that they were making a mutually beneficial agreement, and that the compensation offered by Mailchimp was worthwhile (as opposed to going and starting their own company or working for another startup that offered equity).
Every Mailchimp employee was welcome to start their own company if they wanted to capture 100% of the profits they generated.
> The question here is whether Mailchimp _exploited_ its employees by not offering equity.
No. The question is whether Mailchimp's employees would have worked for Mailchimp had they had a completely free choice and good knowledge of the value of their labour (e.g. valuation of the company).
What sort of qualifications/awards/etc. are most compelling for O1 visas as a tech worker that would demonstrate you are at the "very top of your field"? What examples of work do you commonly see for people making these applications?
I'm curious what types of things a regular tech employee could do while employed to demonstrate that they'd meet these criteria.
It's tough and the awards category is a particularly tough one because the awards really need to be significant and student/academic awards generally don't count. I would say that the categories most within an applicant's control and/or easiest to meet (relatively speaking) are journal review or event/hackathon judging, outstanding association membership (such as IEEE senior membership for example), high compensation (geographic and occupation based), press, and publications.
This fear of failure by others is why so many people have a hard time delegating. Sometimes things will fail, and that’s ok (with a few exceptions, of course).
Surely the hot take should be that the kernel is at risk of a malicious actor introducing bugs that can be exploited, not "Oh, we already write bugs so it's not a big deal."
This seems like a rather lackadaisical take on the situation.
As a trading noob, what then happens when you sell a future but do not buy one later (and you obviously don't have X amount of crudge to deliver to Cushing)?
Also, any suggestions on good books to learn more (not necessarily to start trading in futures, but just to understand the market dynamics)?
The imaginary PM stereotype everyone likes to bash would do that, real teammates you work with that respect your time will work with you to plot things in a way that better reflects the team/organization’s shared priorities :) Don’t sell this short because of an imaginary threat (rampant PM abuse)!
Fair enough, that's a good point. My spouse is a PM and when I asked them to use this, they actually ended up using all quads except for Bottom Right (Low Impact, High Urgency).
So your points stands, a competent team will correctly prioritise.
What people do you have? Every owner will put it in top right corner. The reason is organizational neglect and lack of due process. Just happened again some weeks ago, and due to org, was sadly necessary.
Haha, take the other people out of the equation. This is more about self-prioritization.
How your team/ org works/ prioritises depends on a variety of factors and I do not think any single framework will serve all those. This is not even attempting to solve that need.
It's a neat idea, though I too started over-engineering planning for myself. Over time a simple text-list works well for me. Quadrants is more a communication and collaboration tool. Looks like nice work though.
Besides, if someone asks, they always get response.
Yeah, planning is a double edged sword. And I don't believe one tool works for everyone or all needs. Our brains and thought processes are too varied to all fit in opinionated frameworks.
Yeah, I posted here for the feedback/ response. Trying to improve my understanding of UX/UI and no better way than to get users to tell you :D
No, there's an important distinction here. Many countries tax world-wide income, but USA is one of the few that taxes your non-US income even if you are not considered a resident for tax purposes. For example, if you are a Canadian expat and notify the CRA, you do not have to file a tax return at all unless you earn income from Canada. However, if you are a US expat, you still must file US taxes each year (and pay the difference between my local taxes vs. what you would have owed in the US).
Exactly. If you live in a high tax / high social benefit country it isn't so bad, but if you live in a no tax (but high income, high cost) country like the UAE it would be painful. The Foreign Earned Income Exclusion is like $100k but that isn't so much in some countries. Luckily US income taxes are quite (scandalously) low.
(And if you live in the UAE that US passport will be really valuable if you need to avoid having you hand chopped off for pissing off the wrong people.)
take someone who makes a million+ dollars in california. Their marginal rate is 50% (37% federal + 13% CA, and with the note that the SALT limits due to Trump, dont really get them 37% back on the state tax anymore).
compare this to most european countries where your income tax rate at the top is 50% or less.
now, they have other taxes they pay (social and the like) outside of income taxes, but so does the US. FICA and ss fees also "taxes" in a way.
The marginal rate is really not particularly relevant unless you earn far more than that, which most people don't. What matters is the effective rate, and even California, which is one of the highest taxed states in the US, and so misleading if you want to talk about the overall US tax burden, is lower than a lot of Europe.
I agree with you they're not particularly low, though, especially when factoring in what you get or don't get. E.g. add health insurance into the picture and starts to look very different.
The US is pretty middle of the road in terms of tax.
My first thought is that police policy may require security audits/etc. before they have any location tracking software installed on their phones that may potentially be abused to know the location of police.
- a few minutes to order the cable
- 2 days for the cable to arrive
- ~2 hours to realize it does not work, complain, initiative a refund, print a return label, and drop it off at a post office
- another 2 days to wait for the next cable.