zlacker

>>hhs+(OP)
I've been thinking that in this new reality Amazon warehouse workers and delivery folks are doing something pretty amazing by helping the rest of us.

IMOH Jeff Bezos should really consider this and put something amazing together for these foundational people.

(I say amazing because I think they should be rewarded in a big way - Amazon stock maybe?)

>>jv2222+Ce
They used to be paid in stock... they wanted $15/hr instead.

>>rukitt+Uf
It’s hard not to blame those workers if they’re living paycheque to paycheque. For a well-paid programmer it’s a different story but it’s not hard to imagine the immediate liquidity bieng more valuable when expenses take a bigger bite of your income.

>>danbol+tk
> For a well-paid programmer it’s a different story but it’s not hard to imagine the immediate liquidity bieng more valuable when expenses take a bigger bite of your income.

One of the best parts about Netflix's compensation program when I worked there was that you could choose your ratio of stock to cash. You could do 100% stock if you wanted to, or 0%.

Despite this freedom, almost no one chose to get any stock at all. Even people making $200K+ decided the cash was better than the stock.

>>jedber+hm
Why is it better to get some stock instead of its cash equivalent which could be used to buy stock?

>>mhb+pn
The stock was purchased at an 80% discount.

To be clear, it was a stock option, and the option price was 20% of the stock price. So it had to go up 20% to break even. But if it went up 40% you doubled your money.

This is basically what happens behind the scenes at other companies that offer you stock compensation in the form of options. It's just all hidden from you.

>>jedber+un
the option price was 20% of the stock price.

20% off the stock price?

>>TomVDB+ST
No of.

If the stock was at $100 that month, we paid $20.

>>jedber+C61
> If the stock was at $100 that month, we paid $20.

and

> So it had to go up 20% to break even. But if it went up 40% you doubled your money.

Are contradictory. If you paid 20% of the stock prices you made money instantly, you made a TON of money actually.

>>ars+Jg1
The stock is at $100. I purchase the option to buy it in the future at $100. I pay $20 for this option. I'm currently $20 in the hole, because I paid $20 for the option and got nothing.

In the future, when the stock is at $120, I exercise the option and buy the stock for $100 with money borrowed from ETrade, and then sell it for $120. I've spent a total of $20, and gained $20 from the sale after paying back the loan, and am thus even.

In the farther future, when the stock is at $140, I exercise my option and pay $100 for the share with borrowed money. I've paid a total of $20 and I get $40 after paying back the loan. I'm $20 ahead.

Since I paid $20 out of my salary for the option, when it went up 20% I broke even, when it went up 40% I doubled my money.