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I'm cynical because I still don't see how this is helpful. It's giving more money to people that already have money, instead of spreading it around to people t

I'm cynical because I still don't see how this is helpful. It's giving more money to people that already have money, instead of spreading it around to people that don't have money. Facebook employees are about the least economically vulnerable population you can find, apart from people who inherited their wealth. Why not actually do something useful with the money, like donate it to a charity in need that's trying to help those suffering from the epidemic? Yes - I genuinely think this is a bad move, as in they should have not done it at all. As someone who does make a stupid amount of money, I wouldn't care about an extra $1k, but I know people that would. This is just trickle down economics.

kiba 7y ago
Not everybody at the company is a six figure software engineer.
- MegaButts 7y ago
  Sure, but the vast majority are. This is basically targeting the group that includes mostly engineers to give them more money, instead of giving the money to content moderators or other lowly paid employees. Again, this is basically the worst use of the money Facebook could have considered for anything with a remotely philanthropic angle. It reeks of a PR grab to me, and even if not it's just a horrible decision if their goal is to help those in need.
  - cjhopman 7y ago
    > this is basically the worst use of the money Facebook could have considered for anything with a remotely philanthropic angle Huh, this isn't philanthropic. The $100 million they are giving to small businesses is philanthropic. This is simply a benefit that they are providing to their employees. Your comment is purely nonsensical. You're acting like FB sent out a press release that talked about this as how they are helping the world fight coronavirus.
bcyn 7y ago
It's helpful because it dramatically reduces stress on employees (due to guaranteed bonus without performance review) during a turbulent time. I can't see why this is so hard to understand.

kiba 7y ago

Not everybody at the company is a six figure software engineer.

MegaButts 7y ago
Sure, but the vast majority are. This is basically targeting the group that includes mostly engineers to give them more money, instead of giving the money to content moderators or other lowly paid employees. Again, this is basically the worst use of the money Facebook could have considered for anything with a remotely philanthropic angle. It reeks of a PR grab to me, and even if not it's just a horrible decision if their goal is to help those in need.
- cjhopman 7y ago
  > this is basically the worst use of the money Facebook could have considered for anything with a remotely philanthropic angle Huh, this isn't philanthropic. The $100 million they are giving to small businesses is philanthropic. This is simply a benefit that they are providing to their employees. Your comment is purely nonsensical. You're acting like FB sent out a press release that talked about this as how they are helping the world fight coronavirus.

bcyn 7y ago

It's helpful because it dramatically reduces stress on employees (due to guaranteed bonus without performance review) during a turbulent time. I can't see why this is so hard to understand.