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Comment by sourcecodeplz | Hacker News Reader

Might seem like an ahole but can't you guys making 100k+ per year ride it out? We are talking about startup a here, have we forgotten the risks and implications that come with this model?

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The bailout would most likely benefit the VCs and their funds. It’s not about helping employees who might be living paycheck to paycheck.

Regardless, there are people in this world living on 30 USD per month (or less). I don't care you chose to pay 8k rent per month. This is the wakeup call so many people needed.

Why would this be the wakeup call, and why are you arguing for fucking over employees that are making what is a median salary for their region? I'm not pro-bailout either but regular employees are about the least-deserving of the fall-out from this.

When you join a startup, you don't really think about their traditional bank failing as a risk factor. It's a step away from "what if the office collapses in an earthquake" or some other p9999 off-chance risk.

When you join a startup, you are thinking that there's a good chance the startup will fail. The exact mechanism isn't in your thoughts, because it doesn't really matter.

Usually you get somewhat more warning than this, though.

I'm an employee of one of these companies and I joined with the knowledge that it might fail, but with plans to bail quickly if it looked like it was heading that direction. Given the current size of the company I joined, I expected that to be on the scale of weeks to months, not two days.

(I do have the funds to deal with some amount of payroll fuckery, and don't plan to immediately do anything unless this gets much worse next week.)

Should developers really be paid $300k a year? Why is it so high compared to a career manager in a bank who will cap out at $120k, after wrecking his health with cocaine to sustain the incredible pace for 25 years?

This crisis may make deflation happen, if developer salaries deflate.

Should CEOs really be paid tens of millions a year?

The ceiling for coked up bank managers is orders of magnitude higher than 120k.

100k isn’t much money in Silicon Valley at this point, FWIW. You probably need multiple roommates if you’re going to save any of that salary level.

I think it's moreso the case that people are unwilling to live within their means and would much prefer to massively overleverage their entire life. It is not other people's responsibility to bail you out when the inevitable consequences come around.

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