DoorDash removing 1-year cliff for equity grants

Re:DoorDash removing 1-year cliff for equity grants by __te__ on Wednesday July 07, 2021 @08:27PM (#27767279)

Note: DoorDash employs the labor of approximately 104,000 people. Of those, about 4,000 are classified as employees. Of those, only a portion (of unknown size) are "equity-eligible."

Only equity-eligible roles classified as employees get equity. For everyone else employed by DoorDash, and on whose backs DoorDash is built, let them eat cake.

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Re:DoorDash removing 1-year cliff for equity grants by b9a2cab5 on Thursday July 08, 2021 @12:46AM (#27768560)

That is ultimately the result of minimum wage. Because minimum wage is above the market equilibrium (since these jobs are unskilled and there is a surplus of unskilled labor in the U.S. due to illegal immigration and deindustrialization) and the market moves faster than legislation, there will always be loopholes through which the standard of pay (or associated benefits) is lowered below what nominally would be minimum wage.

If you ban DoorDash someone else will pop up to exploit the system. Or someone like Kiwibot or Serve Robotics will come along and automate the whole thing and remove the jobs from the market entirely.

Legislators should stop fixating on minimum wage and fix the root causes behind low pay rather than trying to legislate band aids.

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Re:DoorDash removing 1-year cliff for equity grants by hyperhopper on Thursday July 08, 2021 @02:32AM (#27768977)

I haven't heard this rationale before. What do you think the root causes, and their fixes are?

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