31–40 of 89 posts
Being laid off at 50 is fairly brutal but hoping to find something using my django experience and get back to work. Fortunately my mom is still alive I had to move in with her, I had already been laid off once, when you are laid off 2 times in one year they force you to go 6 months with no income whatsoever as a form of punishment.
Who is “they?” Who is forcing you to go without income?
Being laid off at 50 is fairly brutal but hoping to find something using my django experience and get back to work. Fortunately my mom is still alive I had to move in with her, I had already been laid off once, when you are laid off 2 times in one year they force you to go 6 months with no income whatsoever as a form of punishment.
Who is “they?” Who is forcing you to go without income?
Earlier quoted context omitted.
The way I see it, you have these tech companies that are writing larger and larger checks to their employees. Combine that with limited housing and you start getting bidding wars from folks making $500k, all of a sudden that house that went for $600k is now going for $1.2M. If you work back from that price you see that the prices would not have been able to go that high had all these tech companies not offered massiv…
That's not artificial though, that's fair market pricing. It's growth in income leading to higher prices for goods purchased with that income.
https://archive.is/nUklO TLDR: * most of the workers being laid off are not engineers * the laid off engineers are either being hired by “old school” industries like John Deere or carmakers or are creating new startups, many around generative AI. Honestly am impressed at how wasteful such articles are in how little content they actually contain.
thank you - this is why i only read articles linked to on hn if the comments make it sound like there's some substance
Given we are in the AI revolution right now, a part of those workers, often quite well paid so they have a bit of cash aside, have taken the opportunity to explore that. Maybe those layoff will create tomorrow's unicorns.
https://archive.is/nUklO TLDR: * most of the workers being laid off are not engineers * the laid off engineers are either being hired by “old school” industries like John Deere or carmakers or are creating new startups, many around generative AI. Honestly am impressed at how wasteful such articles are in how little content they actually contain.
"Where are the non-engineers going, and is it to somewhere that will continue to give them north of 200k per year so they can keep borrowing millions and propping up the artificially inflated housing market in the periphery of the Bay Area," is the question on the minds of those whose clicks I imagine this headline is trying to attract.
https://www.nar.realtor/newsroom/annual-foreign-investment-i...
Earlier quoted context omitted.
That's not artificial though, that's fair market pricing. It's growth in income leading to higher prices for goods purchased with that income.
That is true and I’m not here to disagree, but what the parent pointed out raised a question for me: weren’t these salary increases in part due to the fact that since the 2008 Financial crisis, money has been cheap, and now with the Feds raising rates, money is now more expensive? And if so, and those salaries were not sustainable because the profits that allowed for them hypothetically cannot be sustained because pe…
Apple: $65.2B in 2010 vs $260B in 2019 Facebook: $1.97B in 2010 vs $70.9B in 2019 Netflix: $1.67B in 2010 vs $20B in 2019 Google: $29.3B in 2010 vs $160B in 2019
https://archive.is/nUklO TLDR: * most of the workers being laid off are not engineers * the laid off engineers are either being hired by “old school” industries like John Deere or carmakers or are creating new startups, many around generative AI. Honestly am impressed at how wasteful such articles are in how little content they actually contain.
Earlier quoted context omitted.
"Where are the non-engineers going, and is it to somewhere that will continue to give them north of 200k per year so they can keep borrowing millions and propping up the artificially inflated housing market in the periphery of the Bay Area," is the question on the minds of those whose clicks I imagine this headline is trying to attract.
It’s not necessarily the tech workers. 42% of US existing home purchases were from foreign investors (defined as non-residents). That’s for the US as a whole, and it stands to reason that outsized investment is happening in high demand areas, driving up the price. https://www.nar.realtor/newsroom/annual-foreign-investment-i...
Maybe I misunderstood you, but that article says out of house purchases by foreigners, 42% were by foreign buyers living abroad, and the other 58% were by foreign buyers living in the US.
US citizens buying property _vastly_ outweigh foreign buyers, in both numbers and dollar amounts.