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This is an interesting concept. What comes to mind is the company Reviture. I'm not sure if they pay students to code I think they cover boarding and have an on
by pydeveloper22 8y ago
This is an interesting concept. What comes to mind is the company Reviture. I'm not sure if they pay students to code I think they cover boarding and have an online platform to boot. But as far as Modern Labor goes it sounds like a nice idea but after looking at the comments and information I've gathered so far it seems the makings of Uber all over again.
In this case, I get the the sense that drivers(or paid programmer apprentices) are sold on the idea that they can make good side money whereas they're not factoring all the other expenses or finances that would come up front or even worse over time such as car maintenance, gas, tolls and etc. For the paid apprentice and everyone's living situation is different when you factor in location cost-of-living and etc.. to receive a set amount of $10k over the course of five months where it's being asked that you dedicate 40 to 60 hours a week for 5 straight months. You are essentially as the individual who signs up for this course committing to 800-1200 hours which also amounts to living off of roughly to $8 to $12.5 an hour just to learn to code.
Maybe if I was a high school student not looking to go straight into college yet or someone in somewhat desperate situation seeking a way out may consider this. I understand that Modern Labor is a company/business the word loses me is the commitment of taking 15% salary for two years straight or how to commit to work for the company if they match a competing offer.
This gives me the impression that the individual who signs up to be part of their program provides more value to Modern labor then they do for themselves. Kind of like Uber pays the driver, takes a % of gross revenue from the trips while they're being still funded by venture capitalists. Guess it's like how big Daddy Kane says, pimpin ain't easy..lol
Anyways, this may not be the best example but this is what comes to mind. Modern labor good luck to you guys if you guys becoming successful in this endeavor and perhaps some company will buy you guys out and in return we have a growing labor force the scale of uber where the promise is to take you from novice to master developer in 5 months where has a person who signs up for this program takes $10k up front but pays back 15% of their salary over two years or a maximum of $30k. Perhaps this is a small price to pay when it comes to doing business. Makes you wonder who's benefiting from from who. ️