3 ms·
Is it 15% of everything above $40k or does it include the $40k as well?
by mstade 8y ago
Is it 15% of everything above $40k or does it include the $40k as well?
- CGamesPlay 8y agoIt has to be the former, or else you incentivizepeople to take jobs at 40k unless they can get an offer above 47k. Anything less that 47k and they end up paying more than if they’d taken a 40k job.
- mstade 8y agoThat's what I'm thinking, but it's not very clear on the site.
- dragonwriter 8y ago> It has to be the former, or else you incentivizepeople to take jobs at 40k unless they can get an offer above 47k. It's a full-stack dev training program that is clearly targeted to get people making around $100K/year over the first two years out, I doubt very much that they are really concerned with slight adverse incentives for students whose best offer is between $40-47K, which is deep in the failure zone.
- alehul 8y agoYou would think so, given the sibling comment about how people would be incentivized to make under $40k, but according to their Launch HN [1]: "The $40,000 threshold is inclusive. So if their income is equal to our greater than $40,000, they owe 15%. If they ever dip below $40,000 payments stop until it goes back up to $40,000." [1] https://news.ycombinator.com/item?id=19227441 https://news.ycombinator.com/item?id=19227441
- mstade 8y agoHey, thanks for the link! It seems odd to structure things this way but looking through that thread you linked to it seems they opted for simplicity. Not sure why this is simpler than 15% on the margin though.
- jsnider3 8y agoPresumably, they expect graduates to either make more than $47K or not get jobs.