How many times are you going to post this?
substill
joined 2 years ago
“Oh no! Our engagement is up right when we’re prepping for an IPO.”
Ok Malcolm.
Place gives Reddit exactly what it needs most - user engagement. By going, you’re feeding Reddit stats they can show prospective investors and advertisers on unique users, time on site, and clicks even after the protests.
Reddit was very crafty in relaunching Place right now. They can show a material post-API uptick exactly as Spez promised.
Reddit isn’t looking for immediate ad revenue from Place users. Reddit is looking for the extreme engagement of Place to have great stats to show investors and advertisers.
I just saw US News as the community name in hot. I favor materially increasing the minimum wage and enjoy meaningful discussion about economic issues, so I jumped into the thread.
Then I noticed how unanimous and fervent the comments were in opposing any profit driven enterprise at all. I thought this is a surprisingly skewed group for discussion of American minimum wage. I looked at the instance and finally realized I had accidentally intruded.
If you’re going to protest, do it in a way that will upset Reddit’s ability to sell ads and stock. Put goatse on there. Drop hateful racism and misogyny. Link to The Flash torrents. Post hentai.
Reddit absolutely expected it. Wanted it, even. Reddit is going to show prospective investors its usage and engagement statistics for the duration of Place to demonstrate its continuing viability even after the API controversy.
I just realized we stumbled into lemmygrad
But there’s no law that requires hiring anyone in the first place. I’m 100% for raising the minimum wage. I’m for raising it to at least a living wage. But the math does not work if the wage paid by the employer = the price charged to the purchaser. At that point, the employer’s best case scenario is $0 profit, and unless the work is performed, sold, and paid for immediately, a loss on every single transaction. No one has any incentive to employ anyone at that rate.
I have no idea whether $33.33 per hour is the actual productivity rate of the least skilled worker. I tried Googling it but the closest I could find is that the average American worker grossed $29.76 per hour, not the value of their work output. I also see a Bureau of Labor Statistics report that says the average worker creates $57.54 worth of goods and services per hour. But I don’t see the $33.33 figure in admittedly half ass searching.
Regardless of what the figure is, there must be some spread between work output and take home pay or no one has any incentive to hire anyone else.
Original mod of /r/jailbait