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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#661

Post by baccheion »

compiler-guy wrote: post #526
baccheion wrote: post #514

Earlier quoted context omitted.

I wonder if they really think the powers that be will allow them to retire early. Most will be working until 75+, unless the socialism/automation conspiracy theory comes to fruition.

People hit financial independence and retire early all the time. It's quite routine. It is definitely hard for food service workers, and what not, but the powers that be really don't have much say.

Many do it by 38-42. Less and less likely to happen, given what's transpired in the last decade or 2.

Re: “Great resignation” wave coming for companies

#662

Post by asdff »

lotsofpulp wrote: post #314
kasey_junk wrote: post #265

Earlier quoted context omitted.

Having worked in everything from backend systems for sleepy banks to hedge funds to the hottest pre-IPO valley darlings, anecdotally you are dead wrong. If there is any correlation at all it’s that the venture backed startups have a lower than average skill level.

It is amazing that these lower than average skill level people make companies that earn the highest profits, and have the highest wages.

Is that surprising? You can cook up an electron app after a few tutorials and two weeks time. All you have to do is sell a product, the product can be junk if you can convince your buyers otherwise. Charisma gets more funding than technical expertise, because consumers buy on charisma.

Re: “Great resignation” wave coming for companies

#663

Post by ddingus »

handrous wrote: post #337
ChrisRR wrote: post #107

Earlier quoted context omitted.

I'm not clued up on US healthcare, but is $680 a lot, average, low? Does it cover all procedures? Is there an excess? Value of coverage?

Low-cost-of-living (that is: undesirable) US state here. ~$1800/m for bad family (married couple + kids) health insurance on the HCA Marketplace. There are no providers beyond the two on there still selling individual insurance to anyone in this state. Other providers are only interested in selling group insurance. Check with insurance providers directly, check with insurance brokers, that's what you hear. No, no-one…

+1 similar scenario here

Re: “Great resignation” wave coming for companies

#664

Post by DiggyJohnson »

screye wrote: post #583
reverse_list wrote: post #400

Earlier quoted context omitted.

These comments about how the market is on fire for developers always make me sad. Not your fault, but outside the US (and maybe western/northern Europe) you get lowballed hard, even with years of experience. And the supposedly lower CoL doesn't make up for it, at all, not even remotely. I'm not even talking about getting crazy bay area compensations, I'm talking about hoping something better than a $25k-$45k range fo…

Filter bubbles are incredibly dangerous. Every time I hang out my with most ambitious friends, I am reminded of how MSFT is 'low balling' company. That I could be making 2x if only I kept up with interviewing. On one hand, I can't avoid the objective truth of the statement. But, on the other hand, the hedonic treadmill is infinite. I'm glad I am not in the bay area. I would've been paralyzed by the persistent reminde…

This is beautifully captured. I work in a city I love (consider Charleston, SC - y'all) at a rate that puts me in a very similar position to myself. I'm so grateful to be able to have the space to not obsess over optimizing comp. I also like the knowledge/"feeling" that I can choose to focus on this in the future - and realize the benefits.

Re: “Great resignation” wave coming for companies

#665

Post by sb8244 »

I resigned from my company of 7 years back in April. I gave up life-changing amounts of money in order to leave.

I got super burnt out over the last year and there was not really another option imo. I had been working on my own company on the side and I feel immensely more recharged working on it. For people that have been sitting at home and not spending their salaries for the past year, that might be an appealing option.

Re: “Great resignation” wave coming for companies

#666

Post by asdff »

matheweis wrote: post #59
EMM_386 wrote: 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.

It's actually not that bad. Regular meetings between global teams can be scheduled as any others are. People working internationally with people in the U.S. are already used to taking evening conference calls around convenient U.S. based meeting times. For east and west coast teams, in my experience they usually just adopt east coast hours, which the west coast people prefer because this means they avoid traffic entirely.

Re: “Great resignation” wave coming for companies

#667

Post by omegaworks »

zikduruqe wrote: post #577
screye wrote: post #263

> Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs. This number is meaningless without previous year trends. In my circles, everyone from 25-35 is simultaneously preparing to FIRE and no-one that's 35+ has actually changed jobs despite being 'financially independent'. Expressing intent to resign, and actually resigning are completely different things. (edit: to clarif…

> Suddenly, having good health insurance Just think, we could all pursue our hopes, dreams and soul satisfying pursuits, if having good health insurance wasn't directly tied to having a "good job".

But then you might have to wait a couple weeks to have a non-critical procedure. gasp

Re: “Great resignation” wave coming for companies

#668

Post by tick_tock_tick »

rubicon33 wrote: post #504
thatfrenchguy wrote: post #391

Earlier quoted context omitted.

> FAANG are struggling to fill demand in hiring and are offering increasingly high salaries This has been the case, according to my colleagues who are older, since at least 2003 ;-)

And yet, they still persist on presenting leetcode riddles that have very little relevance to the job being interviewed for. If they were hurting that much for devs, you'd think they might lower the bar a little by not requiring a years study of leetcode.

Google has gone on record that the best way to hire would be IQ tests but they don't because of the blowback it would generate. Leetcode is just a shitty proxy for IQ testing.

Re: “Great resignation” wave coming for companies

#669

Post by the_gastropod »

OldHand2018 wrote: post #545
the_gastropod wrote: post #397

Earlier quoted context omitted.

> In my circles, everyone from 25-35 is simultaneously preparing to FIRE and no-one that's 35+ has actually changed jobs despite being 'financially independent'. I think your circles are rather unusual, if this is true. A $900k net worth is in the 99th percentile for 30-34 year olds and 95th percentile for 35-40 year olds in the US ( https://dqydj.com/net-worth-by-age-calculator-united-states/ ) Even among my anecdot…

Being subject to constraints on your living standards can force you to be more disciplined. I’d bet that there are some in your circle that earn less yet are more financially stable than you would expect. They just don’t talk about it as much, partly out of politeness and partly because they think it’s pretty boring.

Oh, absolutely. My point was more that it's not particularly common. Having a relatively low-ish FIRE-worthy NW (e.g., the $900k in my example) is very uncommon for 30-40 year olds.

Re: “Great resignation” wave coming for companies

#670

Post by asdff »

elevenoh wrote: post #112
dimgl wrote: post #102

Earlier quoted context omitted.

And much less useful.

Is open finance less useful than ads? I don't think so.

Open finance already exists. My neighbors and I trade tomatoes for lemons occasionally. Bartering is open finance. Shackling yourself to some meme token does not seem very open to me, compared to exchange of goods which has certainly stood the test of time and the rise and fall of countless societies. Can't really say the same for crypto.
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