Even your boss wants to quit

Post by andsoitis » Wed, Jun 22, 2022, 11:00 PM UTC

hn_version_0023 wrote: post #66

andsoitis wrote: post #51

Earlier quoted context omitted.

The more senior you are, the more responsibility you have. Responsibility doesn’t keep office hours. The CEO and other senior executives cannot say to shareholders that they had a bad day, were sick, wanted to spend more time with their family and expect that shareholders won’t look for someone who they perceive can work harder for them.

You've articulated the problem well: placing shareholder value above all else is at the root of what ails corporate America. Other values need a seat at the table, not just scraps from the shareholders.

Post by hgsgm » Thu, Jun 23, 2022, 2:07 AM UTC

fnbr wrote: post #9

willcipriano wrote: post #4

I wouldn't want my bosses job. I don't think it pays all that much more than mine but it requires a lot of days full of meetings and late nights. I may even do better on a hourly basis. I think some people get wrapped up in the headline salary number (XXX,XXX per year, that's a lot of money!) and never break it down into a hourly number to see if it's actually a better deal.

100%. In big tech, as you get more senior, the job becomes miserable. I wouldn’t want to be a Director, or even a Senior Staff engineer. At a certain point you sacrifice your sanity to be in that many meetings.

Post by metadat » Thu, Jun 23, 2022, 2:12 AM UTC

toomuchtodo wrote: post #15

WJW wrote: post #11

Earlier quoted context omitted.

Sooner or later they will leave the labor market for good though, because dead people cannot work.

Indeed, 1.8 million people over 55 die every year in the US.

Post by hgsgm » Thu, Jun 23, 2022, 2:19 AM UTC

rot13xor wrote: post #38

idiotsecant wrote: post #29

Earlier quoted context omitted.

There isn't a tax bracket in the US where most of any income goes to taxes. There should be though!

In California the top marginal tax rate can be over 50%. 37% federal tax, 12% state tax, 3.8% net investment tax.

Post by EricE » Thu, Jun 23, 2022, 2:38 AM UTC

hadlock wrote: post #102

subsubzero wrote: post #88

Earlier quoted context omitted.

So in California we were losing about half of our money to taxes, its always fun to make estimated tax payments when you received your quarterly RSUs(~40% of the RSU money goes to taxes when you get them) and then with the rest putting half of that towards a quarterly tax payment, we left the state to avoid the stranglehold of taxes and will probably go to 1 income as two high earners just isn't worth it, but if you…

I'm not sure about tech salaries, but based on several surveys, it would appear that effective tax rate for most workers is about the same between european countries and united states. They just spend less on defense, and more on social programs (although some countries have very recently increased defense spending). California taxes are extremely high though, I agree.