This seems…extremely California-centric. Anecdotally, in the Portland area I don’t see this at all.
Us in the midwest are told to go back to the office still. Management certainly cannot handle change here whatsoever.
Employers bow to tech workers in hottest job market since the dot-com era
261–270 of 596 posts
Re: Employers bow to tech workers in hottest job market since the dot-com era
#262Earlier quoted context omitted.
I told myself I'd be fine at 300k. Now I'm there, and I've picked up more hobbies. Doesn't stop me from looking for new gigs, from time to time. Going super deep into optimizing for one thing might be a good short-term, but bad long-term proposition. A lot of getting to 700k, I imagine, is luck. So long as you're competent, it's right place, right time. You can't force that situation to happen, so it's wasted energy…
You would abandon your company and current position for a slight pay increase? Do you not actually care about the company you work for and you're just there for the pay? You make so much money already -- what is the thought process here Man imagine trying to hire people and knowing they would all leave in a heartbeat for a slight pay increase. What ever happened to working somewhere because you believe in what you're…
I wouldn't leave my job for a "slight" increase in pay, though that's subjective and we haven't defined concrete amounts, other than 300k and 700k in my previous comment, and such a jump (more than double) could not be characterized as slight-- it's substantial.
I need to be paid a risk premium for the new gig having potentially worse colleagues, poorer WLB, or whatever things I find after the interview process. With my current job, I know all of these things. So jumping from 300k, to say, 325k would be unwise and immaterial (8.3%). I might jump for 350, definitely for 400.
Re: Employers bow to tech workers in hottest job market since the dot-com era
#263Earlier quoted context omitted.
As someone who's been shot at and had people try to blow him up, I question how frequently the PTSD label is given out by therapists these days.
It isn't helpful to engage in one-upmanship when it comes to people's individual trauma. It's alright for people to share their suffering and receive compassion without having experienced the absolute worst possible torture.
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Re: Employers bow to tech workers in hottest job market since the dot-com era
#264Re: Employers bow to tech workers in hottest job market since the dot-com era
#265An interesting corollary is that certain types of business are no longer economically viable. If I have a business that competes with advertising companies for niche talent, my business model has to be able to generate the same outsized returns on that talent if I want to be able to afford them, so this limits the work I can do. I don't think people should work for below market wages, only observing how it can change…
Those would be viable if done by an organization outside the US. Comp is still quite low in many countries, including in the "first" world (like western Europe).
Re: Employers bow to tech workers in hottest job market since the dot-com era
#266Earlier quoted context omitted.
As someone who's been shot at and had people try to blow him up, I question how frequently the PTSD label is given out by therapists these days.
It isn't helpful to engage in one-upmanship when it comes to people's individual trauma. It's alright for people to share their suffering and receive compassion without having experienced the absolute worst possible torture.
"People often tried to kill me." vs. "I worked at a job that paid a wage of 98% above the global mean but had a lot of stress." There's a difference I think, and if it's a matter of one-upsmanship, then we all have PTSD (btw, I don't).
Also he edited his post later so I'm guessing you didn't see the original context.
Re: Employers bow to tech workers in hottest job market since the dot-com era
#267Earlier quoted context omitted.
If someone’s going to hire you remote shouldn’t you demonstrate your ability to communicate well in text and elaborate on what makes you a good choice in a well written, directed cover letter?
What makes you assume that they didn't, out of interest?
GP: “Honestly I was pretty lazy about it, and didn't write cover letters or anything”
Re: Employers bow to tech workers in hottest job market since the dot-com era
#268Earlier quoted context omitted.
If they already have their budget in mind before the interview process began, it won't buy you any leverage waiting until the very end. They won't care that they burnt the money/time/energy considering your candidacy, even if that costs them more in the long run. I've ended up wasting a lot of my own time with this strategy. I'll get to the point where they want to extend an offer, I name my number, and then we have…
"If they already have their budget in mind before the interview process began" This is impossible to know though, as is its breakdown. Many places have very fixed limits on salary and bonus, for instance, but RSUs and sign on they have a lot of freedom. Even the places that have fixed budgets all around may have multiple openings of varying levels; a strong interview showing may cause them to bump the level they'd lo…
If you’re closing off opportunities that you wouldn’t take anyway, it’s just another form of time savings. I make sure we’re at least in the same chapter if not the exact same page on comp before spending more than a 25-minute intro.
Re: Employers bow to tech workers in hottest job market since the dot-com era
#269Earlier quoted context omitted.
The thing about the .com crash is all the investors were mainly right, besides some ridiculous things. They were just too early as the web didn’t have critical mass until 10 years later and today’s web makes the one of 10 years ago appear quaint. Because of that critical mass I think a similar crash is unlikely across the entire sector.
I don't know, I thought pets.com was stupid then, and chewy.com is stupid now. The main difference is the Chewy guys were smart enough to cash out before the bubble burst again, rather than spending their cash on stadium naming rights.
Pets.com had a lifetime revenue of $6M.
Chewy.com did $7.1B last year.
That’s the difference between 1999 and today.
Re: Employers bow to tech workers in hottest job market since the dot-com era
#270Earlier quoted context omitted.
What kind of a fairy tale is this -- 400, 500, 800k? I make ~110k, and I have no hobbies but code + contribute to a variety of OSS projects in my freetime. What sort of software do you have to be writing besides magic money printing machines for it to be worth that amount of money?
> What sort of software do you have to be writing besides magic money printing machines for it to be worth that amount of money? My understanding is that you have to get into FAANG or be in certain roles at certain HFT firms. I’m also pretty sure these are TC numbers are large chunks of those numbers are stock options.
RSUs - way more liquid than options, they're practically cash in the bank when they vest, but watch out for cliffs (i.e. vesting schedule). Amazon is particularly bad (tail weighted), Google is particularly generous (every month).