Student Loan Forgiveness Rant
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@dustinb3403 said in Student Loan Forgiveness Rant:
A lot of public employees are given "company cars" etc.
Because it's cheaper For a city to run a vehicle fleet than pay 54 cents a mile to reimburse you for your milage.
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@storageninja said in Student Loan Forgiveness Rant:
@dustinb3403 said in Student Loan Forgiveness Rant:
A lot of public employees are given "company cars" etc.
Because it's cheaper For a city to run a vehicle fleet than pay 54 cents a mile to reimburse you for your milage.
That's my point, there are benefits ingrained in being a public servant. Why does there need to be the added benefit of "paying off their debts" before they ever considered working in the public sector?
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@dustinb3403 said in Student Loan Forgiveness Rant:
Removing someone debt for a public sector job like this doesn't help the matter of the national debt at all. It only compounds it.
Student debt is 1Trilliion, or ~6% of the federal debt. ~2% of employees are federal (a little less actually). Lets assume 1/2 of federal employees have college degree's, and 1/2 of them stay for 10 years.
This is .03% of the federal debt going to loan forgiveness. BUT WAIT THERE IS MORE?!?
The people who use this program actually pay back the debt for the most part they just don't pay interest. Considering the interest rate for the past few years has hovered around 2%, that means the government is only out a 2% interest on a loan that amounts to .03% of the deficit.This is a program that assuming pretty generous participation costs us nationally 100 Million a year? That's actually a rounding error at the Pentagon.
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@dustinb3403 said in Student Loan Forgiveness Rant:
@storageninja said in Student Loan Forgiveness Rant:
@dustinb3403 said in Student Loan Forgiveness Rant:
A lot of public employees are given "company cars" etc.
Because it's cheaper For a city to run a vehicle fleet than pay 54 cents a mile to reimburse you for your milage.
That's my point, there are benefits ingrained in being a public servant. Why does there need to be the added benefit of "paying off their debts" before they ever considered working in the public sector?
Normal companies reimburse you for mileage driven at work. Normally companies get leases if you start running too high, or get you rental cards for weeks you will be driving a ton (My current one does this, as did my last one). Government cars are generally shitty no-options cars. Private companies will at least let you rent/lease something fun to drive.
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@dustinb3403 said in Student Loan Forgiveness Rant:
@storageninja said in Student Loan Forgiveness Rant:
@dustinb3403 said in Student Loan Forgiveness Rant:
A lot of public employees are given "company cars" etc.
Because it's cheaper For a city to run a vehicle fleet than pay 54 cents a mile to reimburse you for your milage.
That's my point, there are benefits ingrained in being a public servant. Why does there need to be the added benefit of "paying off their debts" before they ever considered working in the public sector?
Because it's not extra, it's just part of the normal package.
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@mike-davis said in Student Loan Forgiveness Rant:
I think one of the solutions to this is private businesses being able to set up schools and get compensation for it. or just go back to apprenticeship type programs. In NY right now, it's illegal to have an unpaid intern. That's crazy. There are lot of jobs where you could let someone job shadow and then intern from there, they could learn everything they need to be valuable to an employer in a couple years.
I go back and forth on this. Ultimately I I think they should be paid because it's likely they are bringing some type of value to the company they are interning for.
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@dashrender said in Student Loan Forgiveness Rant:
@mike-davis said in Student Loan Forgiveness Rant:
I think one of the solutions to this is private businesses being able to set up schools and get compensation for it. or just go back to apprenticeship type programs. In NY right now, it's illegal to have an unpaid intern. That's crazy. There are lot of jobs where you could let someone job shadow and then intern from there, they could learn everything they need to be valuable to an employer in a couple years.
I go back and forth on this. Ultimately I I think they should be paid because it's likely they are bringing some type of value to the company they are interning for.
And they are expected to show up and work. It's not a NY thing, it's a US thing. They are covered by minimum wage like any other employee.
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@dustinb3403 said in Student Loan Forgiveness Rant:
there are benefits ingrained in being a public servant
What Pensions? Those are being unilaterally negotiated down, or have the rules change after you sign up.
My 401K I ACTUALLY know will exist in 10 years. A pension might get cut in half. -
I think that there is a really handy gauge here.... try answering this question:
How many people working in the private sector would be willing to move to the public sector even with all of these crazy benefits?
Answer: Not many.
Until that answer is "most", whatever incentives they are giving, aren't too much.
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@storageninja said in Student Loan Forgiveness Rant:
@dustinb3403 said in Student Loan Forgiveness Rant:
there are benefits ingrained in being a public servant
What Pensions? Those are being unilaterally negotiated down, or have the rules change after you sign up.
My 401K I ACTUALLY know will exist in 10 years. A pension might get cut in half.Or worse.
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@dashrender said in Student Loan Forgiveness Rant:
I go back and forth on this. Ultimately I I think they should be paid because it's likely they are bringing some type of value to the company they are interning for.
Now consider that NY is pushing the minimum wage up to $15 /hr. It gets expensive to train someone when you only get a little work out of them at that rate. So as an employer, what do you do? Forget about the people with no experience and hire people that are actually worth $15 /hr.
The problem with that is that in this industry experience is worth more than a degree.
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@scottalanmiller said in Student Loan Forgiveness Rant:
That's my point, there are benefits ingrained in being a public servant. Why does there need to be the added benefit of "paying off their debts" before they ever considered working in the public sector?
Because it's not extra, it's just part of the normal package.
My employer has tuition reimbursement. Tons of employers do this.
Looking into the tax code on this $5,250 is non-tax'd pretty easily and if it's a working conditional benefit then you can get even more non-taxed. -
@mike-davis said in Student Loan Forgiveness Rant:
@dashrender said in Student Loan Forgiveness Rant:
I go back and forth on this. Ultimately I I think they should be paid because it's likely they are bringing some type of value to the company they are interning for.
Now consider that NY is pushing the minimum wage up to $15 /hr. It gets expensive to train someone when you only get a little work out of them at that rate. So as an employer, what do you do? Forget about the people with no experience and hire people that are actually worth $15 /hr.
The problem with that is that in this industry experience is worth more than a degree.
Eventually, the gap gets large enough that companies start their own paid training programs. Zackery engineering runs their own pipeline welder training school.
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@mike-davis said in Student Loan Forgiveness Rant:
@dashrender said in Student Loan Forgiveness Rant:
I go back and forth on this. Ultimately I I think they should be paid because it's likely they are bringing some type of value to the company they are interning for.
Now consider that NY is pushing the minimum wage up to $15 /hr. It gets expensive to train someone when you only get a little work out of them at that rate. So as an employer, what do you do? Forget about the people with no experience and hire people that are actually worth $15 /hr.
The problem with that is that in this industry experience is worth more than a degree.
Pushing there "someday." For the near future, not even bothering to go to $11.
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@scottalanmiller said in Student Loan Forgiveness Rant:
@mike-davis said in Student Loan Forgiveness Rant:
@dashrender said in Student Loan Forgiveness Rant:
I go back and forth on this. Ultimately I I think they should be paid because it's likely they are bringing some type of value to the company they are interning for.
Now consider that NY is pushing the minimum wage up to $15 /hr. It gets expensive to train someone when you only get a little work out of them at that rate. So as an employer, what do you do? Forget about the people with no experience and hire people that are actually worth $15 /hr.
The problem with that is that in this industry experience is worth more than a degree.
Pushing there "someday." For the near future, not even bothering to go to $11.
IIRC the $11 an hour is for less then 1% of business in NY.
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@coliver said in Student Loan Forgiveness Rant:
@scottalanmiller said in Student Loan Forgiveness Rant:
@mike-davis said in Student Loan Forgiveness Rant:
@dashrender said in Student Loan Forgiveness Rant:
I go back and forth on this. Ultimately I I think they should be paid because it's likely they are bringing some type of value to the company they are interning for.
Now consider that NY is pushing the minimum wage up to $15 /hr. It gets expensive to train someone when you only get a little work out of them at that rate. So as an employer, what do you do? Forget about the people with no experience and hire people that are actually worth $15 /hr.
The problem with that is that in this industry experience is worth more than a degree.
Pushing there "someday." For the near future, not even bothering to go to $11.
IIRC the $11 an hour is for less then 1% of business in NY.
$10.40 is the future hike for NYS. NYC is higher, but NYS is not even going to $11 for years yet.
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@scottalanmiller said in Student Loan Forgiveness Rant:
@coliver said in Student Loan Forgiveness Rant:
@scottalanmiller said in Student Loan Forgiveness Rant:
@mike-davis said in Student Loan Forgiveness Rant:
@dashrender said in Student Loan Forgiveness Rant:
I go back and forth on this. Ultimately I I think they should be paid because it's likely they are bringing some type of value to the company they are interning for.
Now consider that NY is pushing the minimum wage up to $15 /hr. It gets expensive to train someone when you only get a little work out of them at that rate. So as an employer, what do you do? Forget about the people with no experience and hire people that are actually worth $15 /hr.
The problem with that is that in this industry experience is worth more than a degree.
Pushing there "someday." For the near future, not even bothering to go to $11.
IIRC the $11 an hour is for less then 1% of business in NY.
$10.40 is the future hike for NYS. NYC is higher, but NYS is not even going to $11 for years yet.
Which means I should ask for way more money today rather than wait. Because some high school kid is going to be making as much as I was some years years ago.
Gotta count for inflation. . .
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@scottalanmiller said in Student Loan Forgiveness Rant:
$10.40 is the future hike for NYS. NYC is higher, but NYS is not even going to $11 for years yet.
my bad, I was thinking of the NYC chart and forgot they broke from the original proposal and separated out NYC from the rest of the state.
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@mike-davis said in Student Loan Forgiveness Rant:
@scottalanmiller said in Student Loan Forgiveness Rant:
$10.40 is the future hike for NYS. NYC is higher, but NYS is not even going to $11 for years yet.
my bad, I was thinking of the NYC chart and forgot they broke from the original proposal and separated out NYC from the rest of the state.
NYS IS going to $15, but it's like a decade from now. $12.50 is the highest amount on the schedule and that's in the 2020s. NY voted to go to $15 for the whole state, but it is so far out that there is no schedule for it past $12.50.
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Now, is $11 a lot to pay for an intern? Honestly, I don't think that it is. Think of it this way, that's the price of zero skill. Should you ever have a zero skill intern? Not really. Even getting to intern level you want some degree of skills already from self study, degree, certs, or whatever. If they don't have anything to justify being an intern, find someone else.
Interns are free anywhere in the US as long as they are true interns and never do any work at all. Just there to shadow, watch, etc. But then you are paying for them by way of them being in your way. Having an intern do work is what makes them an employee.
