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I think they should get it and it should be in out of the money stock options. I don’t understand why so many dinosaur companies restrict equity based comp to t
by bradleyjg 3y ago
I think they should get it and it should be in out of the money stock options. I don’t understand why so many dinosaur companies restrict equity based comp to the C suite.
- toomuchtodo 3y agoProfit sharing is common, especially amongst employee owned companies. Base wages are behind inflation and cost of living, so of course it needs to catch up to the current macro. Fast food worker minimum wage is now $20/hr in California, for example, and healthcare worker minimum wage will be $25/hr (SB525). https://news.ycombinator.com/item?id=37558256 https://news.ycombinator.com/item?id=37558256
- callalex 3y agoIt’s generally a bad deal for the worker compared to cash. An assembly line worker has absolutely zero say in the direction of the company, their work will never meaningfully move the needle on stock price, so it makes no sense to tie their income to something they have no control over.
- astrange 3y agoShare-based compensation can be good if the stock is heading up, because it's cheaper for the company to pay it than cash is. In between the award and vesting, the increase is paid for by equity investors. But, you have to keep working there and you have to be able to afford to wait for the vesting.
- MuffinFlavored 3y agowhy is it working for Tesla line workers?
- TheHappyOddish 3y agoThe GP clearly stated it's "generally" a bad idea. This implies that sometimes it is a good idea. Equity based payment will attract a different risk profiled group than salary will.
- ryukoposting 3y agoStock options are complicated. On a factory worker's salary, you probably don't have the money to throw at a financial advisor who will know how to handle those options competently.