411 karma · joined May 12, 2019
Source - https://www.statista.com/statistics/782411/parental-income-o...
Also it's insane to compare Elon's family with a Journalist. Elon's father invested $200k for 10% in his first venture while half the journalist earn less than 50k. https://www.bls.gov/ooh/media-and-communication/reporters-co...
Median American household income is $70k before taxes. Do you think this household can afford college tuition and expenses?
His dad invested $200k at 10% at a later stage. I'm pretty sure it qualifies as rich daddy. Source: https://twitter.com/elonmusk/status/1211064937004589056
Btw Musk had little to do with the success of X. The revenue of PayPal was merely $61 million at the time Musk was fired as CEO of X.com(later PayPal).
Also who decides the metrics of "Productivity"? If we listen to our bosses and CEOs we would ruin our mind, body and personal relationships while they generate intergenerational wealth.
Also it's wrong to assume companies are rational. If you are constantly in a cycle of hiring and firing employees, then it indicates you have a no long term vision and no skills to navigate the market.
If anyone, Patrick P. Gelsinger and all the executives who made bad strategic decisions should be fired and not the workers. But of course that wouldn't happen because in US workers have no power. It's like presiding as a judge over the case where you yourself are accused.
Unionize!
> You know nothing about the laws
Personal attacks usually indicate defending a flawed position. The farmers participating in the largest protest in history definitely knew how the law affected them, as opposed to the govt who passed the laws without discussion.
> Regardless, it's a lie that police beat up farmers.
There are literally tons of videos police beating up farmers. So I’m not sure what you’re talking about.
> Stop spreading propaganda.
The Indian news media did propaganda against farmers. These news channels who never say a word against BJP govt tried so hard to undermine the protest that they were banned from covering the protest. They literally have a name “Godi Media” meaning media sitting in the lap of Modi.
Btw, I didn't even claim that communism is the best way forward, you just assumed it. I would rather advocate for socialism which has better chances to succeed in US. Still, the moment we wave off 10k from student loans people start shouting "communism". Those same people got millions of dollars in PPP loans, still fired their employees and saw nothing wrong with it.
The main context here was about unions and people still cry "communism" whenever they hear the word union. I have seen immense benefits of unions from past generation and feel sad that they are not as prevalent today. "United we bargain, divided we beg" is the whole point of unions and still people choose to beg because "big bad communism". This propaganda has been enforced on us so much by govt that we forget what's good for us and that makes me sad.
The context here is about unions. Democracy at work is important and unions are the best way to achieve it in a capitalist nation.
The impact being to sell your house, car and other belongings, often for pennies and uproot your children who have only known US as their home. It's insanely cruel to want to immediately deport H1B holders who have been paying taxes for 10-15 years. And all this because Wall Street thought the profits were not high enough.
> Since they often get favoritism in layoffs, why favor them even more?
How is it a favor to give someone more time to search for jobs? That's just being considerate.
> he was laid off first in a team of 18 Chinese H1Bs because the rest of the team
The evidence you gave is anecdotal. Many H1b workers were laid off during recent layoffs and scrambling to find a job in couple of weeks just to stay in the country. Source: https://www.wsj.com/articles/tech-layoffs-hit-h1b-visa-worke...
Meaningful to me is something that improves quality of life for majority of people like vaccines, cure for terminal decease, better public transport etc. Making a $1000 phone sadly does not fall into same category.
Apple did push the industry with personal computers in 80s and better smartphones in 2007 but since then it’s been very incremental improvements.