3 ms·
When I worked at Microsoft around a decade ago they decided to increase paid parental leave dramatically. That's obviously great for employees, though it did co
by _heimdall 3y ago
When I worked at Microsoft around a decade ago they decided to increase paid parental leave dramatically. That's obviously great for employees, though it did come with pushback from those not planning to have kids. The solution was pretty comical, they increased a few other benefits that helped everyone and ignored that this did nothing to solve the concern of new benefits only helping those having kids.
Don't get me wrong, I'm glad they increased leave and would always support that move. It highlights the problem of picking winners with financial programs. You can't help everyone and any change will have ripple effects.
In the case of student loans, wiping those loans out puts more spending money in those peoples' pockets. Student debt is a problem and tuition costs are crazy IMO, but there's also no avoiding the fact that increasing spending money in lower income brackets will increase prices and competition. Its hard to predict how much the loan forgiveness will help in the long run versus pushing up prices for everyone.