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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#93

An anecdote: a handful engineers I've worked with (and they're all high quality) have resigned from traditional bigtech to work in open source finance within crypto. It's as though pandemic solitude gave many the mind-time to ponder their authentic values hierarchy. I'm glad more bright minds will be spending less time working directly or indirectly on ads. It's hard to watch.

I’m not passionately anti-crypto, but moving some of our best minds from ads to crypto[currencies/tokens] is not an obvious triumph to me.

What if they were moving from adtech?

Re: “Great resignation” wave coming for companies

#94
post #39

I've worked remotely for over 8 years as a senior software engineer, and I'm not going back anytime soon. This will get interesting for both salaries and global movement. Being a digital nomad certainly won't be as "hip" when everyone else can do the same thing. And now people are going to be competing with a lot of low-cost employees with equal skills. This has already been the issue with offshoring, but now you can…

>In the long-term, this might get people out of packed cities and horrific commutes and help become a rebirth of small-town America (or small-town Chile and everywhere else). Perhaps. I think the shift will be to more healthy-livable cities, whether thats big or small. Vast majority of humans seem love the benefits of high population density more than they dislike the costs, remote work or not.

> Vast majority of humans seem love the benefits of high population density more than they dislike the costs, remote work or not.

Over these 8 years I've lived everywhere from NYC to small town America and other countries in AirBnbs.

They each have their benefits, they are just different.

If you have a family, small towns can be amazing. Good school districts, tight-nit communities, great charitable events to participate in. Of course you can find that in NYC but it's a completely different scenario and vibe.

It comes down to what works for the individual, which is perfect and exactly where we need to be moving to.

Re: “Great resignation” wave coming for companies

#95
post #7

Im quitting and not looking for another job. Gonna use the savings to take a gap year, or a couple, work on some stuff I want maybe. Maybe more involvement in OSS is coming too? I've never had a gap year, it was all school, then immigration, work, university, more work. Any holiday time you fly back home. I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. edit: thank you…

>I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. You hear a heck of a lot more about it on HN than happens in reality. Maybe I don't hang out with the trust fund crowd enough but I don't know ANYONE who's taken a "gap year" where they weren't doing something for ~40hr/wk in order to make a buck. I know a few people who didn't jump right into career stuff after college…

I know quite a few people from various background (finance, multinational corporations, non-profits) doing things like these. Depends on employer. In hindsight always regarded as one of the best decisions of their lives (along with reducing workload to 80%, usually 4 days/week).

We all know that once old, the amount of money earned/saved will mean absolutely nothing in terms of happiness/achievement. Work achievements for office type jobs mean mean even less. The life lived well will mean everything. So some act accordingly when/if possible.

I haven't done gap year myself, but did a shorter variant - 2 times 3 months backpacking around India and Nepal. Remote Himalaya in the north, swimming in coral reefs on Amdamans, Thar desert in the west, and thousands of years of history, culture and people to meet everywhere in between. I still barely scratched the surface of what this place can offer.

Literally the best decision in my life. It changed me for the better. It motivated me to make changes in my career, go for consulting, move to Switzerland etc.

Have met tons of people from all over the world who were like this - traveling like this for 3-24 months, and then continuing work/study/beginning someplace else.

These trips I've done when having a pretty high mortgage and very little savings, and they both meant losing at least 2 salaries each time while expenses mounted. No rich family to cover for me anyhow if I would hit the financial wall. Still well worth the risk. If one doesn't have kids yet, there is practically nothing to lose with doing this, just gain.

Re: “Great resignation” wave coming for companies

#96

Earlier quoted context omitted.

Unless rent and mortgage payments somehow evaporate, there won't be some massive wave of resignations.

> Unless rent and mortgage payments somehow evaporate, there won't be some massive wave of resignations The prediction isn’t a massive wave of unemployment. It’s people switching jobs. They will still be earning money, just perhaps elsewhere.

This is why "quit rate" is a sign of economic strength. If workers are confident enough that resigning will result in both speedy re-employment and a better job than before, there is probably good overall confidence in the markets.

Re: “Great resignation” wave coming for companies

#97
post #85

I've been unemployed for a long time, living on benefits, without guilt or remorse. For health and other reasons. One problem being lack of social integration and interaction. But honestly I don't think I can believe in the necessity of having a job, if I can't see purpose or meaning. There are few jobs that matter, and a lot of barriers and filtering. /r/antiwork is really a viewpoint I can understand and defend.

How is this a scalable approach to everyone in the society? Someone has to work to produce food. Someone has to work to produce electricity. Until we can automate everything, most people have to work and contribute to society (unless you choose to be self-sufficient - grow your own food, produce your own electricity etc.)

Re: “Great resignation” wave coming for companies

#98
post #79

Earlier quoted context omitted.

In Germany, gap years after school or sometimes university are pretty common (at least for the middle class). They do often work, but rarely in a field related to what they studied or want to do. Instead, it’s travel-financing jobs. It used to be that it was more a thing for women, but that probably changed since draft was abandoned (before that the gap year for men would usually have been military service or alterna…

Are you sure about middle class O_o Higher-middle and upper class more likely? Kids which need to earn their money usually go straight into apprenticeship or university and earn money promptly.

Do we really have a precise scale for those things?

Re: “Great resignation” wave coming for companies

#99
post #39

I've worked remotely for over 8 years as a senior software engineer, and I'm not going back anytime soon. This will get interesting for both salaries and global movement. Being a digital nomad certainly won't be as "hip" when everyone else can do the same thing. And now people are going to be competing with a lot of low-cost employees with equal skills. This has already been the issue with offshoring, but now you can…

I think that time zone bands will temper this somewhat. It’s a lot easier to work with people on the same schedule than trying coordinate with people/teams that are +/- 3 time zones away.

I agree.

I'm currently managing a team of offshore developers +11 from me on top of being the lead developer.

It's chaotic but members of the team adjust their schedule to partially overlap so it works, for the most part.

But I agree. We are a US company and we originally looked at South American companies to try to keep people around the same timezone. I was not involved in the final decision, which apparently came down strictly to financials.

Re: “Great resignation” wave coming for companies

#100
post #85

I've been unemployed for a long time, living on benefits, without guilt or remorse. For health and other reasons. One problem being lack of social integration and interaction. But honestly I don't think I can believe in the necessity of having a job, if I can't see purpose or meaning. There are few jobs that matter, and a lot of barriers and filtering. /r/antiwork is really a viewpoint I can understand and defend.

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