The Great Resignation? More Like the Great Renegotiation • Hacker News Board

Re: The Great Resignation? More Like the Great Renegotiation

#271

Post by throw10920 » Tue, Jan 25, 2022, 6:08 PM UTC

outime wrote: post #53

duxup wrote: post #2

"The Great Resignation" feels a bit like a phrase that folks have grasped on to and just attach the narrative they want to believe to it. Constant articles and such with very little data. Very frustrating as a reader. The idea that amid a pandemic and such that there are a variety of reasons seems backed up by the data, although I admit that's what I'm inclined to believe / seen.

>Constant articles and such with very little data. Very frustrating as a reader. Very personal opinion ahead (and not tailored to this specific topic): that's most journalism for you. They're not here to "inform the citizen" as a noble mission. Most of the things the press publishes are greatly exaggerated and dramatic to evoke different emotions to the reader which are closely tied to an agenda. The fix is IMHO easy…

I don't think that this is a particularly controversial opinion now. A decade ago, maybe. Half a century ago, certainly. But now, in 2022, I think that you could probably find even objective evidence that the median quality of journalism has significantly declined and moved from objective facts to cherry-picking emotionally-laden stories to push a narrative.

Some news companies have even started to explicitly adopt "advocacy over reporting" models, where they don't aim to be journalists in the original source of the word, but paid propaganda subscriptions.

(yeah, yeah, there are economic incentives to do so - but there are also economic incentives to make shoddy, low-quality products and cheat your customers in other realms, and yet it's still wrong)

Re: The Great Resignation? More Like the Great Renegotiation

#272

Post by b112 » Tue, Jan 25, 2022, 6:08 PM UTC

subsubzero wrote: post #249

Sevii wrote: post #221

Earlier quoted context omitted.

Wage gains aren't actually that good. A lot of people are going to be surprised they moved up in tax bracket while their standard of living went down.

Tax laws are confusing, alot of people think that since they made more they are in a new tax bracket and every dollar they made is subject to the new higher tax bracket rate. This is incorrect, every dollar made at and above that high tax bracket is subject to that higher tax rate, every dollar made below is subject to the previous tax bracket.(and this is after 401k and other tax writeoffs).

Clarity here, this is how it is, where you live I presume.

Other places do have more horrid, retroactive taxation.

But that said, tax rates are typically based upon cutoffs. So the more you make, the more tax you pay.

So this means that if you get a raise to meet inflation, you could see your raise more heavily taxed, if it is above the next tax bracket.

Eventually, with enough inflation, and no changes to tax regs, you could see the very poor, taxed like the well to do, a few years before.

There are also some tax benefits, which have income cutoffs, and also programs which have income cutoffs.

With inflation at historic lows for 25 years, there is little institutional knowledge about how fast >10% inflation can erase buying power, and at the same time big raises mean nothing..

Re: The Great Resignation? More Like the Great Renegotiation

#273

Post by leadingthenet » Tue, Jan 25, 2022, 6:10 PM UTC

kansface wrote: post #63

steelstraw wrote: post #28

Earlier quoted context omitted.

What's up with all the language games lately? "Defund the police". No no, we don't actually mean defund the police... "Anti work". No no, we don't actually mean we're anti work...

The sub was originally anarchists who literally believe in not working - read the linked posts in the sidebar. It was taken over by socialists but the name stuck.

Anarchists taken over by socialists, hah. A tale as old as time.

Re: The Great Resignation? More Like the Great Renegotiation

#274

Post by bushbaba » Tue, Jan 25, 2022, 6:10 PM UTC

jonnycomputer wrote: post #244

altcognito wrote: post #203

Earlier quoted context omitted.

Wage gains are not being treated the same as investment gains. It's not like Bezos is taking home an hourly rate. Everybody at the real top is doing quite, quite well. That's why the concentration of wealth into a very few hands at the top marches on, not because of "wages".

There are the rich and then there are the really rich, and then there are the unbelievably rich. I'll happily call a family earning 500k/y on two salaries in a small town where a million dollar home is literally a mansion on a hill "rich". Because they are. They just aren't as rich as the Trumps or Bezoss of the world.

It hit me when I saw a 3MM home in Tampa vs 3MM in Bay Area. I think many’s definition of money is skewed from living in hcol cities.

Re: The Great Resignation? More Like the Great Renegotiation

#275

Post by J5892 » Tue, Jan 25, 2022, 6:10 PM UTC

Apocryphon wrote: post #238

marcusverus wrote: post #162

Earlier quoted context omitted.

The apologetics are always entertaining. "True, the subreddit is called /r/antiwork. And yes, their motto (right at the top of their page) is "Antiwork: Unemployment for all, not just the rich!". But is it fair to call them "Anti-work"? Have you considered their moderate membership?"

This website is named Hacker News, yet there is an abundance of content that is neither for nor about hackers, nor news.

"Vaguely Tech-related Information for Programmers" wasn't a catchy enough name.

Re: The Great Resignation? More Like the Great Renegotiation

#276

Post by sxyuan » Tue, Jan 25, 2022, 6:12 PM UTC

curiousllama wrote: post #207

> But there are growing fears of a wage-price spiral in which workers, seeing rising prices, demand higher pay — and companies, having to pay their workers more, start charging higher prices. These higher prices lead workers to demand even higher pay, leading companies to charge higher prices, and so on. It's the inflationary cycle of nightmares. Can someone explain to me how this works? I'd assume wages to prices ar…

You're assuming McDonald's has a much higher profit margin than it actually does - it's a restaurant chain, not a software company. In other words, the wages for the guy making the burger isn't the only input to cost. E.g., if the beef in that $2 burger used to cost $0.50, it might cost $0.75 now, partly as a response to the need for the farmer to pay himself more. There's also the people working at the meat processing plant, everything that went into the bun, the transportation costs, marketing costs, etc.

Re: The Great Resignation? More Like the Great Renegotiation

#277

Post by fundad » Tue, Jan 25, 2022, 6:12 PM UTC

ashtonkem wrote: post #12

duxup wrote: post #2

"The Great Resignation" feels a bit like a phrase that folks have grasped on to and just attach the narrative they want to believe to it. Constant articles and such with very little data. Very frustrating as a reader. The idea that amid a pandemic and such that there are a variety of reasons seems backed up by the data, although I admit that's what I'm inclined to believe / seen.

The phrase “great resignation” also implies that people are just quitting, when in reality they’re changing jobs. The unemployment rate is lower than it’s been in a decade (except a month or two here and there), people who are resigning are getting new jobs.

I wonder if it's the “great resignation” because so many millions of layoffs were pulled forward into early 2020 that the resignations stand out against a slowed down rate of firings.

Re: The Great Resignation? More Like the Great Renegotiation

#278

Post by MattGaiser » Tue, Jan 25, 2022, 6:12 PM UTC

giantg2 wrote: post #237

MattGaiser wrote: post #212

Earlier quoted context omitted.

Devs seem to last two years, but they make the decision to leave well before that, so you need to get a retention offer in before they start the job search.

Any data on that?

Only anecdotal, but that seems to be how long people last. There are no devs that I knew at either of my past two jobs that remain. Virtually all friends report similar experiences.

Re: The Great Resignation? More Like the Great Renegotiation

#279

Post by melenaboija » Tue, Jan 25, 2022, 6:12 PM UTC

claudiulodro wrote: post #235

c7DJTLrn wrote: post #215

Earlier quoted context omitted.

Come on. Most of the people in first world countries were forced to stay at home and depend on the services that these "elites" provided. How exactly is it unfair that they make more profit from wider reach? A large portion of Americans who received COVID cheques burned it on toys and leisure instead of saving and their money went upwards. How is that unfair?

> Approximately 159 million economic impact payments, totaling more than $376 billion, have gone out to eligible recipients in the last month — and the majority of that money continues to be spent on groceries, rent and other monthly bills, according to a new survey released Wednesday. [1] The vast majority of the stimulus money was spent on bills, not frivolity. [1] https://www.nbcnews.com/business/business-news/how…

Also is even painful to me to think about frivolities and how people spend money when seeing things like this.

“Lamborghini had its most profitable year ever during the coronavirus pandemic”[1]

Each of this cars may be something like 5 years of average salary in US.

[1] https://europe.autonews.com/automakers/lamborghini-had-its-m...

Re: The Great Resignation? More Like the Great Renegotiation

#280

Post by monkpit » Tue, Jan 25, 2022, 6:12 PM UTC

giantg2 wrote: post #252

wonderwonder wrote: post #240

Earlier quoted context omitted.

I got a ~50% raise last year by changing jobs and switching to 1099. This year I did not get a raise, contract just renewed as is. So I got a 50% raise to start the year and after inflation took a 10% cut at the end of the year. I like the job but I think I have maxed the salary there so going to have to find a new one at the end of this year. Pretty unfortunate but I can't eat a pay cut every year. I have a feeling…

10% cut? Wasn't inflation about 6.2%?

They might be referring to inflation in their specific area or in their specific budget. I don’t think you can apply average national or global inflation rates to an individual in a specific location.