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Citing revenue declines, Airbnb cuts 25% of workforce

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Re: Citing revenue declines, Airbnb cuts 25% of workforce

#911

Post by RhodesianHunter »

danieldisu wrote: post #788
RhodesianHunter wrote: post #665

Earlier quoted context omitted.

From what I've seen 12 months pay in Germany is probably equivalent to 3.5 months pay in the US.

If you compare SF to any german city it may be that way, but the median salary (not only IT) is not that different(56k$ to 46k€ according to google). Remember that there are people outside IT/SV!

I can get a remote job working from anywhere in the US that pays me double what anyone will pay me in Germany (or anywhere else in the EU).

I look frequently, because if the pay was equal (or even 3/4) I'd love to live in Europe.

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#912

Post by fourmyle »

acituan wrote: post #903
fourmyle wrote: post #701

Earlier quoted context omitted.

Health care is about $500 a month for someone in their 30s in the USA who is healthy. That doesn’t make up $125k.

But you won’t be 30 and healthy forever. Medical costs skyrocket with old age, at a scale that can easily make your 100k/year savings irrelevant.

$100k/yr savings over 10 years is $1M. Were you assuming someone would blow the money?

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#913

Post by [deleted] »

acituan wrote: post #905
MisterPea wrote: post #901

Earlier quoted context omitted.

Sure, but for the vast majority of students they can get a quality education in-state. Plus schools like Cal, UCLA, Michigan, UVA and UW are among the best in the world

As the pandemic demonstrated, quality of education is hardly relevant. It is all about the credentialism. 16 yo kids in Palo Alto didn’t threw themselves in front of the caltrain because they so desired a quality education. It is because there is so much competition in labor market that even their multi-millionaire parents could do so much. Why do you think we had an Operation Varsity Blues? If hyper-affluent is unde…

[deleted]

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#914

Post by booblik »

Moru wrote: post #764
booblik wrote: post #714

Earlier quoted context omitted.

The US workers, at least in IT make much more money than their European counterparts, while paying less taxes. A wise person could in theory save 20% or more every month to create own safety net, while still enjoying a high standard of living. Alas this is not the American way of life, where it is not uncommon to spend even over 100K per year on a lavish lifestyle and living in debt.

But if you save up for your own safety net, you might get very high bills if you get one of the sicknesses that are not covered by the insurance. Either you depend on society or the market. Both have their problems.

That is a tradeoff. Also most lower paid workers in the US don’t have the luxury to save money at all.

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#915

Post by kortilla »

LunaSea wrote: post #883
dsfyu404ed wrote: post #879

Earlier quoted context omitted.

>I don't think there are many "bad" places that are cheap around Silicon Valley. They're not cheap relative to other parts of the country buy they're cheap relative to where most white collar employees are living. The janitor and the plumber have to live somewhere and you can pay what they pay if you don't mind living among them. >Most western European cities have neighbourhoods that are drastically cheaper than the…

So let me get this right. It is possible to spend the same amount in medical, car and daycare expenses if you keep a job while being ill, ride a beat-up car and leave your kid to a shady cash-only operating in someone's home. So explain to me how earning $100K more is so interesting again? cf: Average American car insurance prices: https://www.businessinsider.com/personal-finance/average-cos... cf: Average European c…

You can get a new Toyota/Honda car for 2 months pay after taxes in the US scenario. And it’s trivial to go to Nevada from the Bay Area to make the purchase and pocket the cost difference if you have a spare weekend.

You spend more on medical out of pocket, but it’s a drop in the bucket compared to the pittance folks make in Europe. Set aside $200k over 16 years of school/daycare and you’ve still cleared in excess of a million dollars more than your European counterparts.

There is a reason the top SWEs in the world flock to the tech companies in the US. The income is drastically better and if you don’t succumb to lifestyle inflation, you can live like a typical European middle class citizen (one car, tiny apartment, little eating out) and retire after a 15 year career.

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#916

Post by manigandham »

aguyfromnb wrote: post #863
2rsf wrote: post #854

Earlier quoted context omitted.

How are Tesla more innovative than other companies ? They kicked off a big conceptual change but I don't see that they have a significant technological advantage over other companies like Volvo.

> How are Tesla more innovative than other companies ? People always seem to compare Tesla technology of tomorrow with what its competitors are doing right now. That's why Volvo "only" has level 3 self-driving, while Tesla has a fleet of robotaxis that are earning you money on its ride-sharing app while you sleep. I joke, but a large portion of the Tesla fan base has no clue what is going on in the autonomous driving…

> "Tesla has been a big innovator"

The thread is about innovation, so that's what counts. And what other manufacturer matches what Tesla has driving on the roads today? The closest realistic challenger is the expensive Porsche Taycan which is still missing all the functionality and usability features.

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#917

Post by manigandham »

LunaSea wrote: post #907
manigandham wrote: post #889

Earlier quoted context omitted.

Sometimes. Or you give up equity. Or secure it some other way. What's your point? That it's hard to do?

That you can't get a loan when you don't have collateral which is the case when you are not already wealthy.

Then get a job and save up some collateral. That's how many people start. This is really not that complicated.

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#918

Post by manigandham »

LunaSea wrote: post #908
manigandham wrote: post #888

Earlier quoted context omitted.

That's 10s of millions of small companies hiring half the people. The point being there's plenty of people in America becoming "owners of the factory".

Your small companies hire up to 500 people which is nowhere small. Also, it's not because a company is small that the owners are small time business people. The owners might be independently wealthy.

Why don't you look at the actual data: Firms with fewer than 100 workers accounted for 98.2 percent, and firms with fewer than 20 workers made up 89.0 percent. [1] The vast majority are small companies with single-digit employee counts. Add in independent contractors and it's even more skewed.

Being an entrepreneur means getting things done with what you have. You don't need to be wealth and instantly go from 0 to 1000 employees. Most people start with modest means and build up from there.

1. https://sbecouncil.org/about-us/facts-and-data/

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#920

Post by LunaSea »

kortilla wrote: post #915
LunaSea wrote: post #883

Earlier quoted context omitted.

So let me get this right. It is possible to spend the same amount in medical, car and daycare expenses if you keep a job while being ill, ride a beat-up car and leave your kid to a shady cash-only operating in someone's home. So explain to me how earning $100K more is so interesting again? cf: Average American car insurance prices: https://www.businessinsider.com/personal-finance/average-cos... cf: Average European c…

You can get a new Toyota/Honda car for 2 months pay after taxes in the US scenario. And it’s trivial to go to Nevada from the Bay Area to make the purchase and pocket the cost difference if you have a spare weekend. You spend more on medical out of pocket, but it’s a drop in the bucket compared to the pittance folks make in Europe. Set aside $200k over 16 years of school/daycare and you’ve still cleared in excess of…

> There is a reason the top SWEs in the world flock to the tech companies in the US.

I can tell you from experience that no developer I have ever met in my career want to move to the US. Sorry to burst your bubble. And it's not even a question of money for most of them.

> The income is drastically better and if you don’t succumb to lifestyle inflation, you can live like a typical European middle class citizen (one car, tiny apartment, little eating out)

That's not a typical European middle class citizen. Typical European middle class citizen already bought a house within that timeframe.

> retire after a 15 year career

Not sure where you're retiring but it's not going to be Europe because you would be way, way off money wise since you don't own anything.

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