4 ms·

"Why would employees stand up for Sam if he were the guilty party?" 800,000 reasons is a lot of reasons. I've never cracked 200,000 reasons, and that might be

"Why would employees stand up for Sam if he were the guilty party?" 800,000 reasons is a lot of reasons. I've never cracked 200,000 reasons, and that might be enough.

EA-3167 3y ago
I don't think that's it, if anything it's chump change next to what they must have envisioned for themselves in the future. These are people hoping to be the next "ground floor" people in the next Google or Amazon, and while $800k per annum is a ton of money, it's closer to $0 than the billions they were probably anticipating.
ahahahahah 3y ago
I mean, the mission of the company is almost just to bring about a post-money world via developing AGI. Given that, it's only 800,000 reasons for those employees who either 1. don't really believe in the mission 2. recognize that they are nowhere near AGI
- hbien 3y ago
  Working for a company you believe in is one good reason. 800,000 reasons is 799,999 more.
- jokethrowaway 3y ago
  The important thing is to be part of the rich ones BEFORE we get to the post world money - so they'll be the elite with assets in the futuristic city with robot waiters and we'll be the savages living in the woods.
agentofoblivion 3y ago
$800k sounds like a lot of money, and it is of course. I considered chasing it, because it’s within the realm of possibility for me. But when I looked at housing in the area, I was shocked to find that $800k was not enough. Regular ol’ houses are $3M plus, and the schools are shockingly not that great. I live in Seattle, where I own a home that’s expensive compared to most other places, and still I couldn’t make the math work without taking a big drop in quality of life. You could, of course, just rent, but $800k is such a big number that I just assumed if that was my salary, I wouldn’t have to think twice about affording a nice house.
- mnky9800n 3y ago
  Can you not get a loan that's only 4 times your salary? Sorry for my naivete it just seems reasonable a bank would loan that except for the scale.
  - agentofoblivion 3y ago
    I’m sure you can, but you can qualify for loans that do not make for a happy life. You start calculating CA taxes and what that monthly house payment is with todays interest rates and I don’t think you’ll be feeling rich. Broad strokes: while salary is double compared to Seattle, home prices are triple or more. Quick numbers: monthly take home on $800k in CA is $33k (40% tax rate!). Monthly payment on $3M according to Zillow is about $20k a month. That leaves $13k for all family expenses and saving for retirement. In Seattle, our credit card statement averages $8k, so I wouldn’t feel great about that margin.
    - mnky9800n 3y ago
      I pay similar taxes in Norway on my salary. I guess if you don't have a pension and you have to worry about healthcare costs then this is reasonable. I dunno, I feel like if I was banking 5000$ a month then I would be quite happy. 60k a year on m$ft would make me very happy haha. I don't have a family. What are your family expenses out of curiosity? Like school tuition and clothes and stuff?
- derwiki 3y ago
  Plenty that are less than 3m

"Why would employees stand up for Sam if he were the guilty party?" 800,000 reasons is a lot of reasons. I've never cracked 200,000 reasons, and that might be enough.

EA-3167 3y ago

I don't think that's it, if anything it's chump change next to what they must have envisioned for themselves in the future. These are people hoping to be the next "ground floor" people in the next Google or Amazon, and while $800k per annum is a ton of money, it's closer to $0 than the billions they were probably anticipating.

ahahahahah 3y ago

I mean, the mission of the company is almost just to bring about a post-money world via developing AGI. Given that, it's only 800,000 reasons for those employees who either 1. don't really believe in the mission 2. recognize that they are nowhere near AGI

hbien 3y ago
Working for a company you believe in is one good reason. 800,000 reasons is 799,999 more.
jokethrowaway 3y ago
The important thing is to be part of the rich ones BEFORE we get to the post world money - so they'll be the elite with assets in the futuristic city with robot waiters and we'll be the savages living in the woods.

agentofoblivion 3y ago

$800k sounds like a lot of money, and it is of course. I considered chasing it, because it’s within the realm of possibility for me. But when I looked at housing in the area, I was shocked to find that $800k was not enough. Regular ol’ houses are $3M plus, and the schools are shockingly not that great. I live in Seattle, where I own a home that’s expensive compared to most other places, and still I couldn’t make the math work without taking a big drop in quality of life. You could, of course, just rent, but $800k is such a big number that I just assumed if that was my salary, I wouldn’t have to think twice about affording a nice house.

mnky9800n 3y ago
Can you not get a loan that's only 4 times your salary? Sorry for my naivete it just seems reasonable a bank would loan that except for the scale.
- agentofoblivion 3y ago
  I’m sure you can, but you can qualify for loans that do not make for a happy life. You start calculating CA taxes and what that monthly house payment is with todays interest rates and I don’t think you’ll be feeling rich. Broad strokes: while salary is double compared to Seattle, home prices are triple or more. Quick numbers: monthly take home on $800k in CA is $33k (40% tax rate!). Monthly payment on $3M according to Zillow is about $20k a month. That leaves $13k for all family expenses and saving for retirement. In Seattle, our credit card statement averages $8k, so I wouldn’t feel great about that margin.
  - mnky9800n 3y ago
    I pay similar taxes in Norway on my salary. I guess if you don't have a pension and you have to worry about healthcare costs then this is reasonable. I dunno, I feel like if I was banking 5000$ a month then I would be quite happy. 60k a year on m$ft would make me very happy haha. I don't have a family. What are your family expenses out of curiosity? Like school tuition and clothes and stuff?
derwiki 3y ago
Plenty that are less than 3m