On Tuesday, August 4th, Neflix announced on their blog that they would begin offering new parents a progressive parental leave policy:
...Today we're introducing an unlimited leave policy for new moms and dads that allows them to take off as much time as they want during the first year after a child's birth or adoption.
The Boston Globe picked up the story earlier today and compared Netflix's new policy to Google's, which offers 18 weeks of paid maternity leave and 12 weeks of "baby bonding" time. The Boston Globe also notes:
The US and Papua New Guinea are the only countries among 185 nations and territories that hadn't imposed government-mandated laws requiring employers to pay mothers while on leave with their babies, according to a study released last year by the United Nations' International Labor Organization.
This new policy "covers all of the roughly 2,000 people working at [Netflix's] Internet video and DVD-by-mail services, according to the Los Gatos, California, company."
However, not all media voices are pleased with this change. Suzanne Venker, author of the recent book The Two-Income Trap: Why Parents Are Choosing To Stay Home, writes for Time :
Offering new parents full pay for up to one year is akin to putting a band-aid on a gaping wound. The needs of children are huge, and they do not end at one year. On the contrary, they just begin. Taking a year off of work to meet those needs merely scratches the surface.
What does Soylent think? Should companies offer new parents lengthy paid leave after they bring a new bundle of joy into the world, or do generous policies do more harm than good?
(Score: 2) by Alfred on Friday August 07 2015, @01:43PM
yes and yes. To quote myself:
Some people don't see options. I have used these examples with others so I am not picking on you by design. Someone in a big house may not realize they can downsize so I say "live in a van" as an extreme hoping they get the idea they could do with a smaller house or even an apartment. For your specific case in the bay area you are probably already paying for an overpriced tiny apartment.
All the statements are given to be like a slap to the brain to think a little different and realize there are possibilities not considered before. Maybe I should have toned down the hyperbole to be less offensive. But I don't know you, maybe the hyperbole was needed. When I feel cornered in my options I need an outside view to expand my view sometimes.
Yes it is nonsense. It is perfectly possible to live comfortably on a single income in a normal family. This is a case where the way to beat the system is to not play its game and its rules are 2 incomes to keep more money moving so they can make more money off of you. No one says you have spend money but they are experts at suckering you into it. To do a single income with a family you just have to adjust your expectations accordingly. If you try to run your Honda with the dragsters you will always come out behind.
Financial planning has not been taught or sought much in this country. This gives an advantage to those who do know finances. The only wholesale outlet of good financial advice I know of is Dave Ramsey. I could only listen to his show for a week before I got it but everyone should do that.