I've been surprised at how many people think it's reasonable for companies like Lyft and Google to cut intern pay IME, opportunity cost of having senior devs ramp up interns dominates monetary cost, making intern pay cuts pointless https://news.ycombinator.com/item?id=23047687 … https://news.ycombinator.com/item?id=22954012 …
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Replying to @danluu
What fraction of internship cost do you think intern salaries are? (I have no idea) If full-time employees are taking pay cuts, seems like interns should also take pay cuts (even just considering fairness, not finances)
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Replying to @PaulsonJonathan
Based on what else I shipped last year, if I hadn't had an intern last year, I expect I would've shipped another $5M/yr of savings, i.e., profit, last year. We pay our interns ~$50/hr all in? 50*40*12 = 24k. If I assume a 4% interest rate, that's equivalent to ~$1k/yr, ~1/5000th
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Replying to @danluu
From the linked threads, Lyft was paying $10k/month not 2k/month. My guess is most internship’s senior dev time is worth less than $5M/yr (full time comp seems like a better baseline?); hard to believe the recruiting is worth the cost at that point.
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Replying to @PaulsonJonathan
This is a different topic, but IMO, it's very difficult to defend hiring interns and non-senior devs on practical grounds and the case should be made on general principles or morals. I think people don't feel comfortable making that case and then make up bogus practical cases.
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Replying to @danluu
This suggests companies are extremely non-profit maximizing? Hard to believe IMO. I think interns are widely acknowledged to have negative productivity, but junior dev are mostly producing more than they’re paid 6 months in.
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Replying to @PaulsonJonathan
I've never worked for a company > 125 people that behaved semi-rationally, I don't see why anyone should think that companies behave anything like profit maximizing entities. https://danluu.com/bad-decisions/ https://danluu.com/algorithms-interviews/ … https://danluu.com/tech-discrimination/ … https://thezvi.wordpress.com/2019/05/30/quotes-from-moral-mazes/ … etc.
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I've talked at length with people who report into the #1 person at the company at the two largest companies I've worked at, total market cap ~$2.2T and AFAICT there's no level of the company where people are generally aligned with making money or the interests of shareholders.
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Replying to @danluu @PaulsonJonathan
You'll find groups here and there that are somewhat aligned with increasing company profits (I'd say I'm in a group like that now), but IME those are rare exceptions and I'm actually surprised when I find one.
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