Gitlab foundation established to increase people’s lifetime earnings

https://www.gitlabfoundation.org

by pyrodactyl • 3 years ago

50 39 3 years ago

rcme4• 3 years ago

If Gitlab wants to increase peoples' lifetime earning, why not start with its own employees? Didn't they layoff hundreds of people?

sosodev2• 3 years ago

Yes, they let go 130 employees a couple of months ago. They're also a company whose remote pay is dependent on location. So they're unwilling to pay people what they're actually worth.

908B64B197• 3 years ago

They're also a company whose remote pay is dependent on location. So they're unwilling to pay people what they're actually worth.

They are also paying significantly less than their competitors. No wonder they are falling behind.

I have no clue what this "foundation" is, the wording is extremely vague.

pmoriarty• 3 years ago

"They're also a company whose remote pay is dependent on location."

What is it with companies doing this? It never made sense to me that a company would pay me more or less depending on where I lived. If I'm doing the same work why should my location matter?

HatchedLake721• 3 years ago

Evil GitLab is unwilling to pay people what they're actually worth. Poor GitLab employees worldwide cannot resist from being taken advantage of and have to work for unworthy amounts...

Every time GitLab comes up someone will bring this topic up.

San Francisco salaries are not a worldwide benchmark of people's worth.

There are valid reasons why GitLab doesn't pay engineers in Kenya $200k.

Should I also swing your logic the other way?

If an engineer in Kenya for $50k does the same work and output as you, a $200k engineer in SF, can we now say you're being overpaid 4x what you're actually worth?

If people don't understand why companies pays local labour market rates, either look at GitLab's income statement and multiply 2000 employees by your definition of "worth" or start your own business and show how everyone in the world can pay 8 billion people the same salaries. Good luck.

https://about.gitlab.com/handbook/total-rewards/compensation...

https://about.gitlab.com/blog/2019/02/28/why-we-pay-local-ra...

prepend• 3 years ago

People are not paid based on their value. They are paid based on what the labor market drives. There’s some relationship to value, but it depends on how many people can and are willing to do the job.

wellthisisgreat• 3 years ago

People are actually worth what they are able to get paid, and are willing to accept. Period. End of story.

TheCoelacanth• 3 years ago

That would result in a $1 increase per dollar spent, which is 1% of the ROI they're aiming for.

phailhaus4• 3 years ago

Increasing people's lifetime earnings != "you shouldn't be allowed to fire anyone, ever." I mean come on.

rcme4• 3 years ago

I understand your point, but Gitlab is a productivity company. They increase peoples' lifetime earnings by making them more productive, allowing them to increase their economic output and demand more compensation for their labor. Laying off people is an admission that Gitlab isn't able to deploy additional capital towards making people more productive anymore. So to then announce that Gitlab is establishing this foundation just seems like delusional management.

geodel2• 3 years ago

While we are at it why not double executive salary. It will increase their lifetime earning.

apple4ever• 3 years ago

It would also help if they improved their product with better pricing.

smcleod2• 3 years ago

I wonder what the research shows behind increasing peoples profits vs decreasing cost of living vs affecting non-financial changes on peoples quality of life and happiness.

Massive over simplification but surely if everyone keeps trying to earn more money - that money has to come from somewhere, inflation happens and we're at where we are now all over again. The game is rigged.

sneak2• 3 years ago

Massive over simplification but surely if everyone keeps trying to earn more money - that money has to come from somewhere, inflation happens and we're at where we are now all over again. The game is rigged.

Humans do not all learn at the same rate. We will not be "where we are now all over again", as many people will be much smarter and more experienced.

smcleod2• 3 years ago

They're talking about earning though - not learning.

kayson• 3 years ago

I know they're just starting, but this is so vague...

grow their lifetime earnings through education, training, access to opportunities, and systems change on a global scale

What is their actual plan? What opportunities? What systems?

I hope they make a positive impact but so far it just seems like marketing hype.

vsareto• 3 years ago

There are some concrete examples here, but it really feels like most of the opportunities are around software as that's still the lowest-barrier, training-time-efficient, highest paying job you can learn remotely. That's by far the easiest way to reach their 1:100 investment/income ratio.

https://gitlabfoundation.notion.site/Activities-47c282c91b54...

https://gitlabfoundation.notion.site/Intervention-Points-50f...

adamredwoods• 3 years ago

Hypothetically, if every one does the same career, then all salaries will decrease in that career. Supply / demand.

We need a healthy, heterogeneous career market. Driving everyone to become programmers isn't it.

sosodev2• 3 years ago

I'm very skeptical of their "North Star". They want the "lifetime earnings" of individuals to increase by 100x their investment. Isn't it extremely difficult to even measure this metric? That is something that would take decades to measure. You can't just extrapolate on temporary increases because people lose/change jobs regularly.

They don't define anywhere in their handbook how they're actually going to measure this AFAICT.

thomasjb• 3 years ago

The handbook which is linked is both irritating to navigate, and seemingly anemic. There are, however, hints as to their specific future funding activities, which include Offline Freecodecamp and Last Mile, with hints in the Activities section that lead me to deduce that the activities will be in the communities where Last Mile and the like work. Which is admirable. The results-focused aspect is different to any I've come across before, and I'll be interested to see if there's any future update on how they actually do.

metaphor• 3 years ago

Relevant S-3 ASR[1] filed last week Friday.

[1] https://www.sec.gov/Archives/edgar/data/1653482/000162828023...

antipaul• 3 years ago

Who are the "people"??

I'm very confused what this actually is

ELI5, anyone?

rpigab• 3 years ago

Same here, I have so many questions, are they gonna provide tutorials on how to make money, is it in any way related to Gitlab as a product, is it about directly giving away money, I mean it could be a pyramid scheme for all we know...

stcroixx• 3 years ago

Seems oddly secretive. Very strange mission. Could be some kind of front funneling money to a rebel group for as vague as it’s written.

What does any of it have to do with hosting repos? Please, just do the one thing.

Gitlab foundation established to increase people’s lifetime earnings

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