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Modern Lab offers students who want to learn programming and can not find the time to do so, paying $ 2,000 a month for full-time programming.
The company’s pilot curriculum teaches remote programming to any person for a full-time 30 hours a week for a five-month course, with the company paying the participant a $ 2,000 monthly salary during this period.
After receiving a job of not less than forty thousand dollars annually, for example, the company will receive 15% of the salary of each participant for the next two years.
For example, if a participant receives a $ 80,000 job, he will pay the company $ 24,000 over two years.
There are no conditions for this offer and no knowledge of programming is required, and their only condition is that the applicant is entitled to work in US companies after completing the course.
The Modern Labore business model is an example of the Income Sharing Convention, a scheme that is in line with Wall Street and Silicon Valley entrepreneurs looking to promote this type of education.
Modern Labore is supported by the Y Combinator technology accelerator, according to its Web site, launched earlier this month.
Link : https://modernlabor.com/
Since its opening three people have been accepted so far and the company is trying to find the best ways to analyze the risks of work and graduate class ready to enter the technical workforce.
“Education has proven to be one of the biggest investments people make in their lives, which is risky,” said Frances Larson, who co-founded the company with Oliver Birch in 2017. “It’s expensive and there’s an uncertain return, you might get the right skills, It’s worth it, or you may not “get it.
One of the 33-year-old students, Courtney Angotti, said she had decided to join her last training camp last year called Code Talk.
Angutti said she switched from acting, acting and singing in Los Angeles to the technology sector and did not feel ready to jump into a job immediately after graduating from the last training camp.
Larson explained that for the time being, students are classified as independent contractors of Modern Labore, and do not receive benefits or health insurance, like Uber drivers who operate the same system.
Although people enrolled in the Modern Labour project do not work on projects that directly benefit the company or its clients, Larsson does not rule out that this will happen in the future.
Link : https://modernlabor.com/