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Apple and Google embody two alternative models of capitalism

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Re: Apple and Google embody two alternative models of capitalism

#121
post #41
post #37

Earlier quoted context omitted.

And I vastly prefer the reverse. Pensions avoid the classic hopping you die before you run out of money. Further, money enough to cover the basics is vastly more important than 'extra'.

Pensions aren't portable - in the modern labor market where people are expected to have multiple emplyers and possibly even career arcs, that's a pretty limiting. Personally, I feel that too many pensions plans (private and state) are at financial risk and have seen too many companies go under (wiping out pensions), or severely cut back (changing their payouts and coverage). Really, I'd prefer something more portable…

Actually, you mean "pensions are defined in the US" aren't portable.

Employer and pension are not tied together in a great deal of countries - for example: state-controlled. So even if you switch jobs, the plan remains the same. (Also relevant is that most countries have a single state, so state-controlled means you can actually move anywhere inside the country and keep the same plan).

Re: Apple and Google embody two alternative models of capitalism

#122
post #91
post #64

Earlier quoted context omitted.

Moving companies is the only way to get a promotion or a substantial raise in the current business climate. Had I stayed at the same company I'd be the highest paid developer but making 40-50% less than what a competitor has paid for my skillset.

To be clear, you're talking about direct cash, right?

Yes - this doesn't apply to big4, who realize this and tend to do a better job of stringing you along with big stock grants.
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