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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    1. Austen Allred‏Verified account @AustenAllred Oct 23

      While this is true and it’s an important topic, it’s probably worth noting that the pension liabilities racked up by Sears are the main thing that caused the company to go bankrupt, forcing the pensions to go into default...pic.twitter.com/PMwwCKgYT7

      12 replies 10 retweets 122 likes
    2. Joseph Andelin‏ @josephandelin Oct 23
      Replying to @AustenAllred

      This also fails the "and then what?" test. So private companies should be forced to pay above the market rate for labor? These people forget 2nd order consequences.

      1 reply 0 retweets 0 likes
    3. Gates VP  💙  💜  💖  🏳️‍🌈‏ @gatesvp Oct 23
      Replying to @josephandelin @AustenAllred

      Forced to pay above market? No. There are lots of ways to alter the system to mitigate both of these negative outcomes. But we are still at the phase of quantifying the problem. People are still printing stuff about "wasteful millennials". We are coming to grips.

      1 reply 0 retweets 0 likes
    4. Joseph Andelin‏ @josephandelin Oct 23
      Replying to @gatesvp @AustenAllred

      Examples?

      1 reply 0 retweets 0 likes
    5. Gates VP  💙  💜  💖  🏳️‍🌈‏ @gatesvp Oct 23
      Replying to @josephandelin @AustenAllred

      Pensions: They keep failing. Even though they are heavily regulated. Our government has backstopped several. Successful pensions can be useful tools. But failed pensions hurt both companies and pensioners. Maybe it's time to offload pensions from companies? Change our laws?

      1 reply 0 retweets 0 likes
    6. Gates VP  💙  💜  💖  🏳️‍🌈‏ @gatesvp Oct 23
      Replying to @gatesvp @josephandelin @AustenAllred

      Low wage problems: Adults making $11/hour to subcontract with an Amazon warehouse are not making enough money. They can't cover their own health expenses, we need to subsidize them. Single parents may receive SNAP. They are eligible for housing assistance in some places.

      2 replies 0 retweets 0 likes
      Austen Allred‏Verified account @AustenAllred Oct 23
      Replying to @gatesvp @josephandelin

      Not that it's a huge difference, buthttps://www.cnbc.com/2018/10/02/amazon-raises-minimum-wage-to-15-for-all-us-employees.html …

      9:37 PM - 23 Oct 2018
      1 reply 0 retweets 0 likes
        1. Gates VP  💙  💜  💖  🏳️‍🌈‏ @gatesvp Oct 23
          Replying to @AustenAllred @josephandelin

          Definitely a step in the right direction. But they also had some good business reasons to do this. But it's still unsustainable. The US healthcare burden is about $10k/year/person. A parent with one child earning $30k has earmarked 2/3 of income for medical alone.

          0 replies 0 retweets 0 likes
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