disgruntled_pie

disgruntled_pie t1_jdeheaz wrote

I say this as someone who has made a fair bit of money on stock options; they are generally a scam. I’ve seen plenty of people sell their company for options only for the value of the stock to remain below the strike price for years. I’ve known people who ended up selling their company to get a desk job they hated in exchange for options that were literally worthless.

Companies don’t do stock options because they’re a great idea for workers. They do them because they’re complex enough that most people don’t understand them and it sounds like a lot of money, when it might actually end up being nothing depending on the performance of the company’s stock.

Have you ever asked C-suite executives at a startup to show you their cap table when they start talking about their “generous” options? They usually shut up in a hurry when they realize that you actually understand what they’re talking about.

Your interests don’t align with theirs. They’ve pulled you in by stroking your ego and convincing you that they’ve given you something special. They haven’t. They gave you something of highly variable value because they figured you were too dumb to understand its worth.

When considering offers from companies I consider stock options to be worthless, because statistically speaking that’s usually what they are.

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disgruntled_pie t1_jdee9pd wrote

Ah, I see. You’re one of those petite bourgeoise who thinks that you’re somehow special. We’re not. The fact that I’m a high income earning software developer involved a series of lucky breaks (and admittedly many years of very hard work). But if we replayed my life with a different random seed then it’s just as likely that I never would have made it into this field.

We’re just people. You’re not special, and I’m not special. We are fundamentally still part of the labor class because we exchange our labor for money. If your labor stops being useful then you will be discarded.

Our labor laws give far too much power to the capital class, and you’re deluded if you think they care about you. Rights for workers benefit us just like everyone else.

You can tell yourself that you’re somehow part of the elite because you work in tech, and you can pretend that this means you’re somehow part of the aristocracy if that makes you feel special. But you’re not. You’re just like everyone else. The problem is that you think that’s an insult.

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disgruntled_pie t1_jdea8lx wrote

Labor fighting against labor is why we keep fucking losing. This is pure distraction.

Labor needs to all be on the same side regardless of race, religion, sex, etc. These idiotic minor differences do nothing to change the fact that you and I have a lot more common interests than either of us do with Jeff Bezos or Elon Musk. The fact that I write code for a living does nothing to change that.

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