205 karma · joined May 9, 2022
Let's not pretend this is some smart stealth merit-based layoff play by the CEO: the people leaving are likely the ones with options, and many of them have been working remote for years now. They are unwilling to relocate their entire lives for Grindr. The RTO announcement came out soon after announcement of the union drive.
One writer that I followed nearly every day for the first 18 months of the pandemic was Derek Lowe at Science.org who runs a fantastic blog about drug discovery, and he has given his assessment of the origins debate a few times. The short answer is he doesn't know either unfortunately https://www.science.org/content/blog-post/origins-pandemic--...
https://www.semafor.com/article/07/21/2023/exxon-carbon-denb...
[0] https://www.ft.com/content/653bbb26-8a22-4db3-b43d-c34a0b774...
People don't necessarily need cars in NYC, Chicago, DC, SF, etc because a majority of the housing in those places was built before car oriented zoning became the norm in basically every major city. We have to start rolling that back, it's insane policy.
I agree with all the other comments criticizing the CEO's leadership of furiously hiring and now making massive cuts, but I think that is missing the context that the CEO does not answer to you or me, or to business professors, or to his employees. He answers to the board, which typically care about stock price and not much else. Today is a massive success in that regard.
(not that teachers shouldn't get paid more, they should)
However, it's increasingly clear that city police departments in many cities basically operate as unaccountable gangs that extort city government. LA Sheriff's Department has quite a few actual, traditional gangs operating within it. The NYPD routinely breaks the law when they feel like it. In Austin, the Police Academy training was found to be discriminatory and militaristic so the City Council created an oversight board, and the Police Department just doesn't let the board view trainings that they are supposed to.
Not to mention the constant police violence that they are rarely held accountable for, including the stuff from 2020 where we watched NYPD officers running their vehicles into protestors.
I don't know what the solution is but the status quo feels unsustainable.
I do think in many ways things are getting worse. The American economic system becomes more openly exploitative by the day, and oligarchs openly flaunt their power while we are largely powerless to stop them. There is very little accountability for powerful companies that break the law (see something like Hertz Rental Cars getting people arrested with false reports of stolen cars), and income inequality in America is growing from it's already staggering heights.
The comparison for "are things getting better" shouldn't be a baseline of "things used to be even more terrible and now they are slightly less so", it should be "are we making things better at the rate that we should be", and I think the answer to the latter is clearly no.
That said I'm an optimist because my left wing politics demand it of me. A better world is certainly possible.
EDIT: this article doesn't mention climate change at all does it lol. The big looming thing that could ruin the next generation's lives entirely.
I think your question is a bit too focused on the individual and not the system. I think it's actually difficult for founders to share the upside "equitably", whatever that means. Like, are there any examples of it actually happening? I suspect that the acquiring company frequently dictates terms that won't allow you to make every employee a millionaire because then what incentive do they have to work anymore. I think once you get to the multi billion dollar level of wealth it's difficult to get objective advice - many of the people surrounding you are just trying to please you to continue getting their slice of the vast wealth that you control. So just as a human it's hard to navigate that I think (this is me being sympathetic to billionaires, which I'm generally not).
The much easier answer to me is just much higher taxes on wealth. Capitalism is not a system built to share resources equitably, but inequality can be tamed through taxes. If you as a founder see most of the upside, fine, but a lot of it will get redistributed to society through taxes, and theoretically your workers benefit from that. It also means it's not up to the whims of the individual people or companies involved in something like an acquisition to try to make it equitable.
(another way inequality in capitalism can be tamed is through unions, but I don't know if there are any examples of unions being involved in something like an acquisition or IPO in tech)
particularly this part: > Early on in my own career in the industry, I felt guilty about making a “good” salary. Why did I deserve to make more money than a teacher or a nurse? Of course, I don’t — they deserve a lot more too. But if I was making less it would go straight into the pockets of investors, not other workers. Tech workers’ labor has made six of the world’s ten richest people, and today computing and the internet are an integral part of every industry. Although some workers are highly paid, the differential between investor profits and employee salary is as stark as in any other industry, because workers are not organized.
it's true that tech workers frequently make good money and we should be grateful for that, but when our industry is producing oligarchs like Musk, Zuckerberg, Bezos, it means that they are profiting from the things that tech workers produce. It's how inequality is increased. It's no coincidence that the rise of the tech economy has coincided with American inequality rising sharply.
Your comment is a complete mischaracterization of the MAX incidents beyond what even Boeing public relations was willing to do.
There is a coalition of organizations trying to get NYC to start its own public broadband provider. If you live in NY, talk to your friends and reps about it, if you don't, get your city to start one. NYC had to sue Verizon because they didn't fulfill their contracts to provide broadband to low income parts of the city (just like Charter and LTD haven't), but there really is no choice except to keep subsidizing these godawful companies unless we have a publicly owned alternative.
there's lots of info here on a campaign that I am involved in NYC: internetforall.nyc
But the short version is: internet access is crucial to modern life (jobs, housing, civic participation), and access to it is very unequally distributed because we are beholden to a few monopolies. I live in a nice building in gentrified Brooklyn and I have exactly one choice of internet provider. That has been true of every building I have lived in in Brooklyn. Poor neighborhoods and public housing may not even have access to broadband at all. NYC has been sued by homeless advocates because many shelters have no access at all, but when NYC has spent money to try to subsidize internet through private providers they are so immune to competition that they just don't fulfill their contracts, and the city has no choice to but to continue contracting with them: https://www.fiercetelecom.com/telecom/report-verizon-nyc-set....
The reality is that providing the infrastructure to poor neighborhoods is not profitable and never will be, and the nature of the physical infrastructure leads to monopoly and corruption. Are some of the problems because of incompetence and corruption in local government? Yes, of course. But if more cities have publicly owned and publicly run networks then at least someone has to answer for the embarrassing state of internet access in the US.