> “Associating unions with blue-collar work and making it a stigma to talk about unions in white-collar circles, that’s very deliberate”
This is my observation too, right now there is simply a correlation that doesn't have to be.
It doesn't matter that you get paid a comfortable amount, and that another startup delivers snacks all day, and another startup delivers catered food to you: you aren't getting paid what you are worth to these companies.
The board members are just the VCs and the founders and they aren't in a position to change that. The fraction of a fraction of a percent equity that they told you "was a generous amount" after feeding your face has nothing to do with what a more equitable amount could be. Doesn't give you any information about all the scenarios in which you would get nothing because the strike is too high and the preferred shares liquidity preferences are too onerous.
Even the cash component of tech compensation could likely be 75-150% higher. This has nothing to do with the stagnating wages in other sectors, we are working with this generation's largest and fastest growing companies and could accelerate comp growth and other changes.
I think that's not the only factor. Unions will also cap wages for the highest earners. And everyone thinks they are going to end up in that 1 percenter salary.
> Unions will also cap wages for the highest earners.
its okay if the average moves up, and transparency increases on stock options and the liquidity preferences of preferred shareholders. this is only currently relevant to non-public companies, and this article was about startups so thats fitting
This is my observation too, right now there is simply a correlation that doesn't have to be.
It doesn't matter that you get paid a comfortable amount, and that another startup delivers snacks all day, and another startup delivers catered food to you: you aren't getting paid what you are worth to these companies.
The board members are just the VCs and the founders and they aren't in a position to change that. The fraction of a fraction of a percent equity that they told you "was a generous amount" after feeding your face has nothing to do with what a more equitable amount could be. Doesn't give you any information about all the scenarios in which you would get nothing because the strike is too high and the preferred shares liquidity preferences are too onerous.
Even the cash component of tech compensation could likely be 75-150% higher. This has nothing to do with the stagnating wages in other sectors, we are working with this generation's largest and fastest growing companies and could accelerate comp growth and other changes.