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It will also hurt you more if you’re on a lower salary. 10% on a 300k FAANG salary is a lot different to 10% on an 80k administrative job - you’re going to feel
by ljm 4y ago
It will also hurt you more if you’re on a lower salary. 10% on a 300k FAANG salary is a lot different to 10% on an 80k administrative job - you’re going to feel the pinch a lot more on 80k than you are on over a quarter of a million.
- Gibbon1 4y agoI'm reminded partial unemployment is a thing. Perhaps the law should be changed to reward companies for keeping workers on during downturns and ratfuck the ones that lay people off. Like slowly claw it back directly from the stockholders. As in Dunder Miffin's stock has a 12 cent a share clawback due to the previous layoff.
- ljm 4y agoLegislate that workers have ownership in the company they work for and update the tax legislation so it’s not a punishment to receive a share in a company on employment. The only reason we have options and RSUs at the minute is because you’ll get absolutely fucked by the tax man if you got shares - not a chance you’d be able to pay that tax if you didn’t already have assets and your salary was smaller than your compensation in terms of company ownership.