4 ms·
Humans have been doing this forever, just working hard enough to not be fired. If anything it's idealistic youth who tend to buck that trend and subscribe to hu
by blamazon 4y ago
Humans have been doing this forever, just working hard enough to not be fired. If anything it's idealistic youth who tend to buck that trend and subscribe to hustle culture en masse. From the 1999 movie Office Space:
> Peter Gibbons: The thing is, Bob, it's not that I'm lazy, it's that I just don't care.
> Bob Porter: Don't... don't care?
> Peter Gibbons: It's a problem of motivation, all right? Now if I work my ass off and Initech ships a few extra units, I don't see another dime; so where's the motivation?
- workerthrow632 4y agoCompanies need to figure out how to convert illiquid equity into actual liquidity. I don't get how it is fair founders get to sell their shares but employees don't. It's probably why startups are majorly lacking in really senior talent: only newbies think startups will do right by them. That and focus on profitability to pay out employees with profit shares.
- treis 4y agoEquity doesn't really work once companies get past the 10-20 size. At that point you're at most getting back 5-10% of the increase in profit. So not much incentive to work your ass off to get an extra 100k in profit when you're only seeing 5-10k of that. Realistically your equity is less than 1% since investors and founders will have much of the equity. So now we're working our ass off for 500-1000. IMHO bonuses are generally worse for everyone involved. They tend to quickly become expected compensation so lose their incentive value. Also can end up doing the opposite. If someone doesn't get an expected bonus their morale can go down. They might end up working less. And then there's the whole "wait to quit until my bonus pays out" problem.