How are you preparing mentally, financially and otherwise? How are you dealing with the anxiety of ever increasing news about lay offs and rescinded offers? What can very senior Devs do to remain relevant and sane? What else?
Ask HN: How are you, a dev/programmer, preparing for the probable recession?
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Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#2I work in mining, as long as the price of gold and iron stays relatively good, I'm not too phased.
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#3I moved to a company with a ton of profit from a company in the red / a “growth company”. Started working nights and weekends on startups. Moved to all home cooked meals. Cut unnecessary spending and looking into more investments. Doubled down on being and staying in shape.
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#4> probable recession
Not to be pedantic, but we're already in a recession, defined by a fall in GDP in two successive quarters. What's coming for the US and EU, given bad debt levels and inflation levels, is much, much worse than that.
To your question: I would say, look for roles at organizations which are likely to ride out the storm. I think you can't be overly cautious (in all financial aspects) for the next years.
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#5I work in mining, as long as the price of gold and iron stays relatively good, I'm not too phased.
Gold is one of the few areas which should do very well.
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#6Buying more gpus
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#7I work in mining, as long as the price of gold and iron stays relatively good, I'm not too phased.
Gold is one of the few areas which should do very well.
Honestly even though it fluctuates, Iron Ore is also an industry that is always pretty recession resistant so long as you're not a low level grunt
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#8Financially, I moved from the EU to South East Asia, decreasing cost of living by 70-80%. Additionally, just before I moved I was able to get a position with a 50% increase in pay. I'm saving a lot of money here, and locally am investing it into quite a few ventures which would continue to exist if the worlds economy would go south.
Mentally & physically, I am taking beatings, right and left, every day, doing martial arts, a lot of running and swimming. I think, when the hard times come around, I'll be conditioned enough by always being tired and sore, that its just going to be a walk in the park. Anxiety wise.... since I moved here, and started doing all these things, its the first period in my life where I feel almost completely anxiety free.
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#9Financially, I moved from the EU to South East Asia, decreasing cost of living by 70-80%. Additionally, just before I moved I was able to get a position with a 50% increase in pay. I'm saving a lot of money here, and locally am investing it into quite a few ventures which would continue to exist if the worlds economy would go south. Mentally & physically, I am taking beatings, right and left, every day, doing martial…
Do you have suggestions for finding jobs that support this kind of work arrangement? For example, do the jobs advertise themselves as 100% remote from the beginning, or is that something you negotiated with them during the interview process? Also, how do you deal with the time difference?
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#10> probable recession Not to be pedantic, but we're already in a recession, defined by a fall in GDP in two successive quarters. What's coming for the US and EU, given bad debt levels and inflation levels, is much, much worse than that. To your question: I would say, look for roles at organizations which are likely to ride out the storm. I think you can't be overly cautious (in all financial aspects) for the next year…
If you want to get really pedantic the US is not officially in recession until the NBER says so [1].