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Who Is Driving the Great Resignation?

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Re: Who Is Driving the Great Resignation?

#91

Post by ed312 »

croutonwagon wrote: post #31
Guest42 wrote: post #21

Earlier quoted context omitted.

Anecdotally, I've seen 4 people leave for career advancement versus 1 that left due to wanting to be in the office.

Theres a peer pressure factor. While i was personally relieved to be back in office. I have also seen a few colleagues able to jump to more lucrative deals without uprooting their lives, which i find a bit intriguing. Im happy where I am at, but I have done a lot of good work (basically recycled our entire infra and migrated to a WFH culture) and havent seen a raise in 3-4 years.. So it has me thinking of putting fee…

If you’re not getting a cost of living raise each year, you’re effectively being paid less … as you become more experienced.

Re: Who Is Driving the Great Resignation?

#92

Post by user-the-name »

lexapro wrote: post #78
marcosdumay wrote: post #75

Earlier quoted context omitted.

Well, it is. The only way money enters the crypto market is by people buying it, and it leaves both by people selling and by intermediaries taxing transactions. So, on an average, people must lose money.

That's obviously wrong if the price keeps going up like it has.

Not at all. The state of the market does not affect this in any way whatsoever. The only thing that changes when the price changes is who wins and who loses. But on average, you always lose, this is an inescapable fact.

Re: Who Is Driving the Great Resignation?

#93

Post by user-the-name »

mrtranscendence wrote: post #87
user-the-name wrote: post #61

Earlier quoted context omitted.

Cryptocurrency trading is, because of market fees and mining fees, a negative-sum game. That means that on average, you will lose money if you play. Unless you are a miner or run an exchange, of course.

Help me out here. I know nothing about cryptocurrency, but as something in limited supply that is exchanged for money it seems that on average people could earn money as long as the price keeps rising. Say there are four people in the crypto market. Joe buys crypto for $50, sells it to Steve for $75, who sells it to Sarah for $100, who sells it to Dale for $125, who holds it. Three people have earned $25 each (minus…

You already stated it yourself: He has lost $125, until he sells. That is an average negative.

Money in: $50+$75+$100+$125

Money out: $50+$75+$100-3*fees

You can continue this chain indefinitely, and the missing final term will get smaller and smaller in relation to the total. The limit of (money out - money in) / transactions goes to simply minus the average cost of the fees. So, a net negative.

Re: Who Is Driving the Great Resignation?

#94

Post by perl4ever »

user-the-name wrote: post #92
lexapro wrote: post #78

Earlier quoted context omitted.

That's obviously wrong if the price keeps going up like it has.

Not at all. The state of the market does not affect this in any way whatsoever. The only thing that changes when the price changes is who wins and who loses. But on average, you always lose, this is an inescapable fact.

If there are two people, and one bitcoin in the world, and one person buys the bitcoin for $1 and sells it to the other person for $2, who has lost money?

Re: Who Is Driving the Great Resignation?

#95

Post by perl4ever »

user-the-name wrote: post #93
mrtranscendence wrote: post #87

Earlier quoted context omitted.

Help me out here. I know nothing about cryptocurrency, but as something in limited supply that is exchanged for money it seems that on average people could earn money as long as the price keeps rising. Say there are four people in the crypto market. Joe buys crypto for $50, sells it to Steve for $75, who sells it to Sarah for $100, who sells it to Dale for $125, who holds it. Three people have earned $25 each (minus…

You already stated it yourself: He has lost $125, until he sells. That is an average negative. Money in: $50+$75+$100+$125 Money out: $50+$75+$100-3*fees You can continue this chain indefinitely, and the missing final term will get smaller and smaller in relation to the total. The limit of (money out - money in) / transactions goes to simply minus the average cost of the fees. So, a net negative.

>He has lost $125, until he sells

Everyone who owns an asset is not selling it at this exact moment, so it is worth nothing and there is a 100% loss according to you?

This is a possible definition of "loss", but I think it's clearly non-standard, and not useful. You can't just pretend that's what other people mean when they talk about losses.

Re: Who Is Driving the Great Resignation?

#96

Post by GoodJokes »

forgotmypw17 wrote: post #63

I gradually dropped out a few years ago. I worked my way up in tech, wearing many different hats, for about 20 years, to a three-page resume and being able to find a six-figure job at the drop of a hat. But the trade-off was not getting enough sleep, and feeling like my life's energy was being directed to making the world worse, not better. My work amounted to improving the efficiency of profit-making of the business…

Really weird humblebrag with no value.

Re: Who Is Driving the Great Resignation?

#97

Post by marcosdumay »

perl4ever wrote: post #94
user-the-name wrote: post #92

Earlier quoted context omitted.

Not at all. The state of the market does not affect this in any way whatsoever. The only thing that changes when the price changes is who wins and who loses. But on average, you always lose, this is an inescapable fact.

If there are two people, and one bitcoin in the world, and one person buys the bitcoin for $1 and sells it to the other person for $2, who has lost money?

Up to now, the second person is $2 short.

Re: Who Is Driving the Great Resignation?

#98

Post by tick_tock_tick »

user-the-name wrote: post #61
tick_tock_tick wrote: post #41

Earlier quoted context omitted.

> This is just a simple mathematical property of the crypto market. What? I don't doubt that people on average lose money but I don't know of anything fundamental about crypto markets that makes it a mathematical property...

Cryptocurrency trading is, because of market fees and mining fees, a negative-sum game. That means that on average, you will lose money if you play. Unless you are a miner or run an exchange, of course.

I mean in that sense so is the normal stock market....

Re: Who Is Driving the Great Resignation?

#99

Post by drekipus »

ipaddr wrote: post #76
user-the-name wrote: post #35

Earlier quoted context omitted.

People, on average, lose money trading crypto. This is just a simple mathematical property of the crypto market. On paper , it looks like a lot of people made a lot of money. But in actual money, on average, you will lose.

On average people have made tons of money. The earlier involved the better. If the market is growing you will see values increase.

Welcome to how pyramid schemes work. The money gained is when you pull out and other people buy in

Re: Who Is Driving the Great Resignation?

#100

Post by chrismcb »

ajkjk wrote: post #20
MattGaiser wrote: post #6

They dance around that a lot of this is simply about salaries.

At least in tech, most of the people I know who have stopped working recently are quitting because they don't feel like it anymore. We're all making plenty of money, enough to take time off, and the work sucks, especially when it's remote, so why keep doing it?

Because it is fun, even better when it is remote. Plus the gobs of money you mentioned. There is plenty of cool tech work out there. If you think it sucks then yeah that is a good reason to quit
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