Earlier quoted context omitted.
"When you're unemployed, finding work should become your full-time job." This assumes there's enough of a job market "out there" that after more than 6 months you can still burn 40 hours per week on it. "This is not possible if you're dicking around with ... volunteer work." This doesn't even make sense. Most volunteer work doesn't require much money. You may be confusing setting up a charity or donating to a charity…
I did volunteer work at a soup kitchen and through the connections I made there I worked with someone who kicked my butt and fixed my resume. If that hadn't happened i wouldn't be making the salary I am now. The ancient wisdom: give and it will be given you is mysteriously powerful. Humans want to help those who help others, it's in our genetics.
The Terrifying Reality of Long-Term Unemployment
301–310 of 349 posts
Re: The Terrifying Reality of Long-Term Unemployment
#302Earlier quoted context omitted.
I second your post here-- I am currently idled through the end of summer by choice (we're moving and then traveling), but it's not a big deal-- I live in the sticks, but I do drive into Austin, TX pretty frequently. There are indeed a lot of opportunities, but you do have to focus on business development as part of what you're doing; while I don't have a lot of specific offers on my plate for the fall, I'm not worrie…
I'm in TX too (not Austin, but another big city). I'm curious how you're liking consulting here and how it's going. Do you find most of your clients in Austin or are they remote? And do you feel like you would be better off just getting a salaried full-time job with benefits given the going rates here for salaries vs. consulting? If you don't mind spilling the beans (I understand if not), how much are you generally a…
Because of my wife's business (she's a violin teacher with a large, productive studio) and because commuting is not something that I am willing to do, I feel compelled to find clients for remote work.
While it'd be fun to move to Austin and I feel like I could find a stable "good" job there pretty quickly, I like working for myself and ironically (as a musician- It's as profitable side business for me) there are probably more paying music gigs out here in the sticks.
About three years ago, I started out doing brochure marketing sites for a shyster local "social media" salesman who knew very little about web marketing but who loved to sell. At the time, my skills were basically photoshop, the (relatively extensive) programming classes I had as a child in high school, and some knowledge of markup.
I did about 80 sites for the guy over 8 months plus countless odd jobs like domain name transfers, troubleshooting email problems, writing annoying forms (the first routine I wrote that really solved a problem for me was a short bit to take a keyed array of field names and labels to generate/validate/process a form based off those values)... I spent almost all my free time on educating myself about whatever I though would be useful, and built sites for myself and some "on the side" clients in Joomla, Drupal, and WordPress.
I also had to hire and help manage a three-person technical team and deal with all the over promising that the sales guy would do. This was a good education in and of itself.
At the end of that period, I reasoned that the sales guy/owner could sell websites not knowing how they worked, I could probably sell 1/10th the number of websites and double my income. So I sold two local web sites and quit... it didn't hurt that my income was already only around $16/hr with no benefits, so replacing that was not a big deal.
For the next six months, I sold more sites and did a whole lot of cold calling and contacting folks via craigslist, and found an agency client who would pay 20/hr and give me plenty of work, and then using the same process I found an agency who would pay 30/hr, and for the last year I've been at around 65/hr and as busy as I'd like to be.
Mostly, after the first few craigslist clients, my new business comes from personal referrals. It doesn't hurt that I make myself very available, I'm quite friendly, and I do a whole lot of free consultation that I consider to be business development-- people are really happy to direct work to folks who are helpful.
I don't usually sell work directly; mostly I work with agencies in Austin who are marking up what I am doing by around 50%.
I brought in around 65K last year, which is not great, but I also worked a lot of 4-day weeks (if I don't count checking in and doing a half hour of work on a late Friday, or occasionally spending a Sunday reworking something that had to be done ASAP) and I usually am able to do my work in two 3-hour sessions... still no benefits, but I am young and paid off a substantial chunk of the student loans accrued pursuing an unfortunate PhD in English.
By studying consistently, playing with new technologies, and being willing to take on a lot of work on odd jobs troubleshooting stuff, I've gotten to where I can build modules for Magento or aMember, themes and plugins for WordPress, and generally working in clean, patterns that seem elegant and satisfying.
I've learned how to deploy AWS EC2s, how to work on the *nix command lines, git, ssh, enough SQL to understand joins and how to root through a database and make changes to an entire managed site at once... nothing awesome or special, but stuff I find interesting and fun.
My feeling is that I have just started getting a "good" grasp on programming, but if I can keep this going for another couple of years then I might actually get good at programming... I'm getting a little tired of doing marketing oriented work, but to be honest my skills up to the last year really weren't all that unique (other than the fact that people like working with me for whatever various reasons).
I hope that is helpful for you... as I said, I am currently idled for personal reasons and am both cleaning out my development machine, the last couple of projects on my plate... and reevaluating what I'm doing, so it was helpful for me to write all that out.
Re: The Terrifying Reality of Long-Term Unemployment
#303Earlier quoted context omitted.
Eh, there is something to what he's saying. The idea that the labor market behaves rationally is a childish fantasy. Employers are not rational. They do all sorts of irrational things, and discriminating against the long-term unemployed (and also women returning to the work force from motherhood) is one of those irrational things. It's almost a dating mentality. They jump to the conclusion: "well if nobody else wants…
So you think I'm arguing for a rational market. I am not. Another commenter thinks that I'm ignoring the benefits of getting up and working any kind of job. I am not. Why would you guys have such diverse opinions on what I'm advocating? Because the problem is not sufficiently stated . That's my entire point. You make one measurement and say "let's work on this directly" and you haven't said much of anything. All you…
Re: The Terrifying Reality of Long-Term Unemployment
#304Earlier quoted context omitted.
A few things you're not accounting for: * Leverage. (The most you can leverage a stock investment is 2x. For homes people can leverage their money up to an insane 20x, for example: by buying a 500k home with 25k down. The proper comparison is not to compare buying a 500k home vs 500k worth of stocks; it's buying 25k or 50k worth of stocks vs a 500k home.) * Mortgage deduction. (Imagine if you could invest 500k in the…
What leverages up can (and will) leverage down. The problem with the housing collapse was that people with low or zero down-payment mortgages found that the property value fell, wiping out their entire stake (if they had any at all). More skin in the game should (though there's some research suggesting otherwise) make the market more stable by reducing the ability to speculate. This is a lesson that goes back to the…
True, but that's not what we have in the market today. You are confusing "should" with "is".
Re: The Terrifying Reality of Long-Term Unemployment
#305Earlier quoted context omitted.
As someone who just bought a home -- I can also assure others in this thread, there is a lot of emotional value in owning your own place (reality check -- yes I know the bank owns it for a while) -- but for me and my wife, the value comes from being able to do whatever we want with the house. Expand the basement? Sure! Get a bunch of dogs? Why not! Commit to getting to know the neighbors? Sounds great. All while not…
>>Expand the basement? Sure! Get a bunch of dogs? Why not! Commit to getting to know the neighbors? Sounds great. All while not having to worry about a landlord doing whatever they want at the end of a lease. It's funny that two out of the three things you said are additional expenses that the house enables. Of course, we aren't disputing the emotional value of owning a home. We're just saying that it's a poor financ…
Those same two things may also be valuable to the owner, regardless of expense. Expand my basement so I have room to continue working on the hobby I love? Sounds good.
Re: The Terrifying Reality of Long-Term Unemployment
#306This doesn't surprise me at all. One thing I've come to learn in life is the importance of social proof. Social proof takes many form. It's why MIT and Stanford CS grads have tech companies come to their campuses and throw money at them (these institutions don't have a monopoly on good engineers). It's why if you have Google/Facebook/Twitter on your CV you are pretty much guaranteed a job. It's why academic staff who…
>>There is another side of this that the article doesn't touch on: home ownership. Oh boy. There's so much I can say about this topic, and none of it is positive. Basically, the way our culture mindlessly promotes home ownership is insane. Absolutely insane! Every time I hear people complaining about "throwing away money" by renting, and how they would rather put that money into a house, I want to hold them by the sh…
Re: The Terrifying Reality of Long-Term Unemployment
#307Should I focus on building my portfolio ? (recently focused on Django)
Is it easier to find a job in some "common" field, like software testing or PHP, or rarer like Django where there are much fewer offers but also less competition ?
Re: The Terrifying Reality of Long-Term Unemployment
#308Earlier quoted context omitted.
>It's because 2/3 of Americans are homeowners, so for a majority of Americans, falling house prices are bad. Why? Those homeowners shouldn't care what the price of their house is. While they're living in it, it doesn't matter, and when they sell, presumably their next house will be cheaper too. The only time home prices should matter is in comparison to the overall market. If your house got cheaper while other homes…
Maybe. BUT 2 things: * Most bought and expect it to appreciate. Very important. That is the most important retirement asset they have. If their house loses half the money it could mean eating ramen for 20 years after retirement or eating steak. * Property taxes. Some would actually not like it to appreciate too fast if they are not selling yet because they have to shell our many thousands of dollars a year. Ideally t…
Re: The Terrifying Reality of Long-Term Unemployment
#309Earlier quoted context omitted.
That mathematical error corrects itself over time. I now own my house. Rent is forever.
Property tax is forever too.
Re: The Terrifying Reality of Long-Term Unemployment
#310Earlier quoted context omitted.
A few things you're not accounting for: * Leverage. (The most you can leverage a stock investment is 2x. For homes people can leverage their money up to an insane 20x, for example: by buying a 500k home with 25k down. The proper comparison is not to compare buying a 500k home vs 500k worth of stocks; it's buying 25k or 50k worth of stocks vs a 500k home.) * Mortgage deduction. (Imagine if you could invest 500k in the…
Also not accounting for a house being a place to live, raise a family, and store your stuff. Talking about it like it's just another investment is strange.