Who would've thought post-hand-wringing-over-poor-300k-salary-tech-workers realizing their disposability that we would have another event reminding HN just how different the rules are for capital owners than the rest of us.
Why is that tech workers, many of whom easily have earned over a million dollars in salary over the past few years can't be told to "live within their means"?
Why is it that the same VCs that rallied against student debt relief think their poorly run bank should be bailed out?
I know why, this thread is chalk full of it. "We were smart, we were playing the game with the advantage we were told made us untouchable, we can't fathom gasp 'negative consequences' whatever those are".
I'm sick of it and thankful to see people seeing through this a bit more than usual. Downvoting isnt going to change a damn thing, click your hearts out and enjoy the dissonance. See ya in the next too-big-to-fail-as-a-result-of-unchecked-corporate-greed thread. lmao
> Who would've thought post-hand-wringing-over-poor-300k-salary-tech-workers realizing their disposability that we would have another event reminding HN just how different the rules are for capital owners than the rest of us.
no offense this comment shows lack of even basic understanding of situation.
SVB collapse a zero impact on big tech workers earning $300k. this problem effect small business, maybe 50-75 employee who did not risk they money. they literally put in bank to do thing like pay employees and other bills.
start up employee is not earning $300k USD per year. start up hardly compete with big tech on any compensation. these people working hardest.. not rest and vest like big tech.
Yes, regular people get their bank accounts automatically protected, and the capital owners had to sweat for a few days.
The bank is not bailed out, it's out of business, its shareholders get nothing, and its execs just lost their jobs. The bank's customers got bailed out.
How many startup employees do you believe are making 300k? That’s FAANG, big-tech companies that were in no way affected by SVB going under. If anything, startups are known for paying below market rate because they have tighter margins and compensate with the tenuous promise that more money might be made in the form of stock options if the company makes it big, which usually doesn’t pan out.
Why is that tech workers, many of whom easily have earned over a million dollars in salary over the past few years can't be told to "live within their means"?
Why is it that the same VCs that rallied against student debt relief think their poorly run bank should be bailed out?
I know why, this thread is chalk full of it. "We were smart, we were playing the game with the advantage we were told made us untouchable, we can't fathom gasp 'negative consequences' whatever those are".
I'm sick of it and thankful to see people seeing through this a bit more than usual. Downvoting isnt going to change a damn thing, click your hearts out and enjoy the dissonance. See ya in the next too-big-to-fail-as-a-result-of-unchecked-corporate-greed thread. lmao