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Where have all the sacked tech workers gone?

economist.com

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Re: Where have all the sacked tech workers gone?

#81

Post by throw0101b »

GingerBoats wrote: post #72
karmakurtisaani wrote: post #62

Earlier quoted context omitted.

Well, I for one would be interested in hearing those reasons. If for nothing else, to learn from their story.

I'm 40. I'm a single parent and divorced. I'm a Veteran. I spent my 20s going to college, working for a porn company (not as a performer), and then joining the Navy. I paid off student debts, alimony, and child support. I have one successful and one failed startup under my belt. I've always, always, always, lived paycheck to paycheck until recently. At 40. I was finally able to save up enough for a house in a HCOL ci…

> I have roughly 6 months of savings and not a whole lot for retirement.

Note that one can save a 'decent' amount even if you have 'only' ten years before your planned/desired day. This book has a Canadian focus, but the principles are probably pretty general:

* https://www.cpacanada.ca/en/public-interest/financial-litera...

Interview with author:

* https://www.moneysense.ca/save/retirement/procrastinating-on...

* https://www.youtube.com/watch?v=L_MIMfd5emg

* https://www.youtube.com/watch?v=eh74xUdBITU

You may not need as much of a nest egg as you think:

* https://www.moneysense.ca/save/calculating-how-much-money-yo...

* https://www.macleans.ca/economy/money-economy/heres-the-real...

* https://findependencehub.com/qa-with-author-david-aston-abou...

Re: Where have all the sacked tech workers gone?

#83

Post by aworks »

derstander wrote: post #10
jebarker wrote: post #7

Earlier quoted context omitted.

Honest question: how is the Bay Area housing market artificially inflated? I assumed the high prices were the normal market response to high demand from many people with deep pockets.

> … how is the Bay Area housing market artificially inflated? I shouldn’t have an opinion on this because I don’t live in the Bay Area or closely follow its politics, but the most common refrain I see is that policies (e.g., zoning) prevent building more and higher density housing, thus artificially limiting supply.

The Bay Area is also geographically constrained by water and mountains. This is compared to say a plains city that can greatly expand in all directions e.g. Dallas (?).

Re: Where have all the sacked tech workers gone?

#84

Post by thatguymike »

Maximus9000 wrote: post #53
indigodaddy wrote: post #21

Earlier quoted context omitted.

Can you give it the URL, or do you need to provide the full body text for it to summarize?

Yes, just ask it to summarize the article and provide it with the link. I just did, here is the output: ------------------ "The article explores the job market for tech workers who have been laid off from their previous jobs due to the pandemic. Despite the high demand for tech talent, many of these workers have struggled to find new employment, and the article highlights several factors that may be contributing to t…

Ahaha, it’s… not actually reading the article. That is a hallucinated summary of what it thinks an article is most likely to say given the url, which contains the title of the article.

Re: Where have all the sacked tech workers gone?

#85

Post by BurningFrog »

aworks wrote: post #83
derstander wrote: post #10

Earlier quoted context omitted.

> … how is the Bay Area housing market artificially inflated? I shouldn’t have an opinion on this because I don’t live in the Bay Area or closely follow its politics, but the most common refrain I see is that policies (e.g., zoning) prevent building more and higher density housing, thus artificially limiting supply.

The Bay Area is also geographically constrained by water and mountains. This is compared to say a plains city that can greatly expand in all directions e.g. Dallas (?).

That's nowhere near being a real constraint.

It's refusal to allow housing construction all the way down.

Re: Where have all the sacked tech workers gone?

#86

Post by indigodaddy »

thatguymike wrote: post #84
Maximus9000 wrote: post #53

Earlier quoted context omitted.

Yes, just ask it to summarize the article and provide it with the link. I just did, here is the output: ------------------ "The article explores the job market for tech workers who have been laid off from their previous jobs due to the pandemic. Despite the high demand for tech talent, many of these workers have struggled to find new employment, and the article highlights several factors that may be contributing to t…

Ahaha, it’s… not actually reading the article. That is a hallucinated summary of what it thinks an article is most likely to say given the url, which contains the title of the article.

Ah, that does actually make sense, because ChatGPT can’t reach out to URLs right? It has its own time contained dataset, correct? Wonder if it would have a cache of that URL if the URL existed at the snapshot/time of its dataset?

Re: Where have all the sacked tech workers gone?

#87

Post by Maximus9000 »

thatguymike wrote: post #84
Maximus9000 wrote: post #53

Earlier quoted context omitted.

Yes, just ask it to summarize the article and provide it with the link. I just did, here is the output: ------------------ "The article explores the job market for tech workers who have been laid off from their previous jobs due to the pandemic. Despite the high demand for tech talent, many of these workers have struggled to find new employment, and the article highlights several factors that may be contributing to t…

Ahaha, it’s… not actually reading the article. That is a hallucinated summary of what it thinks an article is most likely to say given the url, which contains the title of the article.

oh really? wow, bad chatGPT! I didn't know that.

Re: Where have all the sacked tech workers gone?

#89

Post by yieldcrv »

marvin wrote: post #42
derstander wrote: post #10

Earlier quoted context omitted.

> … how is the Bay Area housing market artificially inflated? I shouldn’t have an opinion on this because I don’t live in the Bay Area or closely follow its politics, but the most common refrain I see is that policies (e.g., zoning) prevent building more and higher density housing, thus artificially limiting supply.

Artificially constrained supply combined with marginal buyers that earn >$300k/year and 0% interest rates would lead to extremely high prices.

dual income with socioeconomic equals too
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