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Young people would sacrifice other perks for a 4-day workweek

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Re: Young people would sacrifice other perks for a 4-day workweek

#201

Post by jjav »

doctorwho42 wrote: post #62
trident5000 wrote: post #31

Earlier quoted context omitted.

lol good luck telling that to this this community who are frustrated they cant afford a home in the most niche place on earth and refuse to live anywhere else.

Is wanting to live less than an hour commute to work "the most niche place on earth"? Most people I know are renting because they can't afford anything within an hour commute and we have grown up hearing and seeing the pains of the commuter life. So why saddle ourselves with both a 30 year mortgage for a overpriced home that will also drain us of 10+hrs/week

> Is wanting to live less than an hour commute to work "the most niche place on earth"?

I'm guessing OP meant San Francisco?

There is some truth in that message. One can't always live where you wish. In my 20s my #1 goal in life was to live in Manhattan. I tried and tried and tried, but could never afford it. I gave up. Moved somewhere much cheaper (but still jobs around, not talking middle of the desert) where affording a house was no problem. It's not exactly what I wanted at the time, but looking back after a couple decades, has turned out fine.

Re: Young people would sacrifice other perks for a 4-day workweek

#202

Post by pb7 »

ItsMonkk wrote: post #95
trident5000 wrote: post #19

Earlier quoted context omitted.

I keep hearing this but home ownership percentage is comparable to past generations when you actually look at the data. https://fred.stlouisfed.org/series/RHORUSQ156N Also gen z has surpassed millennials and genx in home ownership (with comparable timing). ""In 2022, 30% of 25-year-olds owned a home. At the same age 28% of millennials, and 27% of Gen Xers owned homes, according to real estate brokerage, Redfin."" htt…

The homeownership rate is the percentage of HOMES that are lived in by their owners, not the count of PEOPLE that own their own homes. Given a shortage of homes, the homeownership rate will not show you that there is a crisis. For example, if you homeless you do not count. If you live with your parents even though you would prefer to rent if you could afford it, that is a home-owned household. If the owner lives in t…

> If you live with your parents even though you would prefer to rent if you could afford it, that is a home-owned household.

But not owned by you… so it wouldn’t end up in the 30% of "X own their homes" statistic. I’m not really sure what you’re going on about here but none of it makes any sense.

Re: Young people would sacrifice other perks for a 4-day workweek

#203

Post by yardie »

ryandrake wrote: post #198
yardie wrote: post #12

Moving back to the US after living abroad I was used to month long holidays. I applied to a few companies and tried to negotiate 5 weeks PTO. They wouldn't budge. Then 4 weeks. Still no. I offered to drop my salary in exchange for vacation. Still no. I asked HR why everything else was negotiable except PTO and they told me I would have more time off then people who've been there for 7+ years. This was my first clue t…

> They wouldn't budge. I don't know if this is a problem specific to PTO. In general, after 20+ years of working, I've found US employers to be pretty inflexible on all terms/aspects of your working life besides compensation. They may (or often may not) be willing to negotiate pay, but will almost never budge when it comes to: - Vacation / PTO - Unpaid leave - Health benefits - Financial benefits like 401(k) or life…

Any half competent HR system can keep track of it. I know because part of my job was managing those systems. Setting PTO was simply advancing a digit in a field in a giant HR database. Not exactly rocket science.

BTW, senior executives had far more flexibility when it came to PTO, leave, pensions, bonuses, IP, etc. And it was managed in the same system that frontline employees were managed from.

It's not about complexity, it's about control.

Re: Young people would sacrifice other perks for a 4-day workweek

#204

Post by jncfhnb »

mhb wrote: post #193
jncfhnb wrote: post #181

Earlier quoted context omitted.

No it’s not equivalent. The young folks do want to work. They don’t want to work the last bit because they’re not being given anything of meaningful value. This is not the case of the grasshopper. Nor is it similar to the ants. Marginal utility changed with each unit.

> So you've pretty much given up on housing. What's the point in working hard? They don't want to work some last x% because they're happy with their current condition. The ants work the last x% so that when they retire they can continue to live in the style to which they've become accustomed. The young folks are being offered money. They don't think it's meaningful because it doesn't enable them to afford some item n…

Nice, going full circle to the point of just ignoring the original point.

Re: Young people would sacrifice other perks for a 4-day workweek

#205

Post by onlyrealcuzzo »

s1artibartfast wrote: post #177
onlyrealcuzzo wrote: post #102

Earlier quoted context omitted.

That's what the people say who tear down 3 4-plexes to build a triple-lot mansion in Chicago say. If you have the option, more power to you - literally.

That's also what people say when they really create jobs too. Your point reduces to the idea that nothing can be true, because people can lie.

The bad guys usually think they're the good guy, is my point.

Re: Young people would sacrifice other perks for a 4-day workweek

#206

Post by Tiktaalik »

blitz_skull wrote: post #88
Tiktaalik wrote: post #9

In my experience working at a 4DWW company I saw the opposite. The happiest were the oldest, most established workers, because they had already ticked off all so many life goals, had a house, a dog, kids, etc and so less money and more time was great. In contrast the youngest workers had no stable housing, and wanted more money more than they wanted time, because they wanted an ability to buy themselves some of those…

These companies are so rare, why wouldn't the younger workers just go find a job with higher pay and less time off? It's not like they're being forced to work at a 4-Day Work Week company... They're kind of unicorns to find in the first place.

There was at least one person I was aware of that did not like 4dww and left because they didn't want to do it. They were relatively young. But in general most stuck around. Possibly because yea 4DWW is rare so maybe they felt their money troubles were transitory and it's better to stay at the company and get more money in another way. I dunno.

Re: Young people would sacrifice other perks for a 4-day workweek

#207

Post by ItsMonkk »

pb7 wrote: post #202
ItsMonkk wrote: post #95

Earlier quoted context omitted.

The homeownership rate is the percentage of HOMES that are lived in by their owners, not the count of PEOPLE that own their own homes. Given a shortage of homes, the homeownership rate will not show you that there is a crisis. For example, if you homeless you do not count. If you live with your parents even though you would prefer to rent if you could afford it, that is a home-owned household. If the owner lives in t…

> If you live with your parents even though you would prefer to rent if you could afford it, that is a home-owned household. But not owned by you… so it wouldn’t end up in the 30% of "X own their homes" statistic. I’m not really sure what you’re going on about here but none of it makes any sense.

It would not. You have been misled.

Here's backup from wikipedia, or are they also not making sense?

> The name "homeownership rate" can be misleading. As defined by the US Census Bureau, it is the percentage of homes that are occupied by the owner. It is not the percentage of adults that own their own home. This latter percentage will be significantly lower than the homeownership rate. Many households that are owner-occupied contain adult relatives (often young adults, descendants of the owner) who do not own their own home. Single building multi-bedroom rental units can contain more than one adult, all of whom do not own a home.

> the home ownership rate is created through the Housing Vacancy Survey by the U.S. Census Bureau. It is created by dividing the owner occupied units by the total number of occupied units.

> https://en.wikipedia.org/wiki/Homeownership_in_the_United_St...

Re: Young people would sacrifice other perks for a 4-day workweek

#208

Post by unmole »

s1artibartfast wrote: post #178
slashdev wrote: post #124

Earlier quoted context omitted.

There's no income tax on foreign source income here.

Can you deduct foreign mortgage interest on your US taxes?

Yes. US and foreign mortgages are treated the same for tax purposes.

Re: Young people would sacrifice other perks for a 4-day workweek

#209

Post by u-silly-commie »

tspike wrote: post #89
slashdev wrote: post #48

Earlier quoted context omitted.

It's not for everybody, but if you can find a way to not play the rigged game, you can get ahead. I moved from a high cost of living city in North America to Latin America. I bought a two floor penthouse overlooking the ocean for less than the price of a two bedroom apartment back where I came from. My mortgage is -$2000 / month. That's right, negative $2000 because I save the full mortgage payment plus an extra $200…

Sure, and now you’re inflicting the same problems on the local population who don’t have the option of geographic arbitrage.

[dead]

Re: Young people would sacrifice other perks for a 4-day workweek

#210

Post by s1artibartfast »

onlyrealcuzzo wrote: post #205
s1artibartfast wrote: post #177

Earlier quoted context omitted.

That's also what people say when they really create jobs too. Your point reduces to the idea that nothing can be true, because people can lie.

The bad guys usually think they're the good guy, is my point.

Fair enough, but that doesn't mean good guys don't exist too.
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