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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#451

Post by morelisp »

throwaway894345 wrote: post #335
admissionsguy wrote: post #286

Earlier quoted context omitted.

You are not getting health insurance in most European countries unless you are working or registered as unemployed and remain at disposal of the local job centre. And the whole meme that a 65% tax rate +25% vat on most products on top of it (I am in Sweden) is somehow worth it financially because "fReE HeAlThCaRe" is laughable.

To be clear, I'm merely saying "the complexities of the American healthcare system might be why Europeans are more inclined to take gap years". That said, I didn't know that European public health insurance was commonly contingent on employment. I would be curious to know more about this.

Most (all?) European health care is not contingent on employment. With a few exceptions (notably the UK) it is contingent on being able to afford it, and one way to do that is following the rules to have the gov't pay for it. It's guaranteed, and highly regulated in price; it's not free.

The easiest way to afford it is to have a job. However, if you are willing to pay more (still much less than equivalent US health insurance, e.g. in Germany around 180€/mo) you can buy it directly. Or, you can participate in that country's social safety net which, yes, usually requires you to actively seek a job (often for some loose definition of "actively.")

Re: “Great resignation” wave coming for companies

#452

Post by ls612 »

SketchySeaBeast wrote: post #446
ls612 wrote: post #437

Earlier quoted context omitted.

My point is even with that money my income isn’t that high compared to software engineers.

If you were suddenly responsible for your room and board how long could you coast without a job or other support?

As long as my grad school stipend keeps going. I just wouldn't be able to save anymore.

Re: “Great resignation” wave coming for companies

#453

Post by polytely »

Frondo wrote: post #380
aphextron wrote: post #72

Earlier quoted context omitted.

>"Yeah, I was the CTO of a startup. I learned a lot. Call this guy who was the CEO, he'll tell you about it." Ah yes, an intricate lie. The very foundation of a solid working relationship.

> Ah yes, an intricate lie. Not a joke -- what do you think resumes are?

Wait, is putting fake jobs on your resume a common occurrence? I must say that that never even occurred to me.

Re: “Great resignation” wave coming for companies

#454

Post by tshaddox »

admissionsguy wrote: post #286
throwaway894345 wrote: post #186

Earlier quoted context omitted.

> Maybe it's more of a European thing to do. Yeah, for Americans it means buying health insurance which is quite a lot more expensive than what you get from your employer.

You are not getting health insurance in most European countries unless you are working or registered as unemployed and remain at disposal of the local job centre. And the whole meme that a 65% tax rate +25% vat on most products on top of it (I am in Sweden) is somehow worth it financially because "fReE HeAlThCaRe" is laughable.

How many medical bankruptcies occur in those European countries?

Re: “Great resignation” wave coming for companies

#455

Post by xpe »

MattGaiser wrote: post #282
xwdv wrote: post #207

Earlier quoted context omitted.

Why would it be white hot right now though? I don’t think software would be particularly affected by COVID negatively or positively.

At least where I am, companies are realizing that relying on people is unreliable, so they are investing more in technology.

Could you elaborate on your experience (as vaguely as necessary to protect your privacy)?

Re: “Great resignation” wave coming for companies

#456

Post by gambiting »

ChrisRR wrote: post #212
bingidingi wrote: post #190

Earlier quoted context omitted.

$680 is probably somewhat typical, I pay $1000/mo for family coverage. It only covers "medically necessary" procedures as deemed by the insurance company (there are some laws requiring certain procedures to be covered). You have to use specific doctors and facilities. Typically you have a deductible as well. I have to pay $4,000 out of my own pocket before insurance kicks in. Preventative care (check-ups) are usually…

Medically necessary is still a rule in the UK NHS. It doesn't cover cosmetic surgery unless there's a very good reason (like something affecting a person's quality of life) I think excess is what you call a deductible, as in if I have an accident in my car, I pay for the first £250 and that's the excess. The value of the coverage is the maximum amount they'll pay out. I don't know if I have that on my car, but my hou…

I have insurance with Hastings Direct(because they were cheap) and their 3rd party liability maximum is 25 million pounds. When I was with Aviva last year theirs was 20 million.

I pay £300/year to insure my car.

And yeah, excess in US can be crazy I think. We have private health insurance from work and when I had to use it there was a £100 deductible for the year - I thought that was quite steep.

Re: “Great resignation” wave coming for companies

#457

Post by reverend_gonzo »

throwaway0a5e wrote: post #30
dreen wrote: post #7

Im quitting and not looking for another job. Gonna use the savings to take a gap year, or a couple, work on some stuff I want maybe. Maybe more involvement in OSS is coming too? I've never had a gap year, it was all school, then immigration, work, university, more work. Any holiday time you fly back home. I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. edit: thank you…

>I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. You hear a heck of a lot more about it on HN than happens in reality. Maybe I don't hang out with the trust fund crowd enough but I don't know ANYONE who's taken a "gap year" where they weren't doing something for ~40hr/wk in order to make a buck. I know a few people who didn't jump right into career stuff after college…

You do not need to be a trust fund kid to travel the world cheaply. I did when I was 23 (2004-ish) and realized I didn't like working. Took out a credit card with 5k credit limit, saved money for a month or two (I was making 40k so not exactly tons). Bought a ticket to Eastern Europe, kicked around hostels for a few months, when I finally almost ran out of money, bought a ticket back. I met other people who picked up side jobs in hostels or bars to help cover their costs too.

What you can't do is continue to have an expensive quality of life if you're no longer producing income.

Re: “Great resignation” wave coming for companies

#458

Post by jhrozek »

admissionsguy wrote: post #286
throwaway894345 wrote: post #186

Earlier quoted context omitted.

> Maybe it's more of a European thing to do. Yeah, for Americans it means buying health insurance which is quite a lot more expensive than what you get from your employer.

You are not getting health insurance in most European countries unless you are working or registered as unemployed and remain at disposal of the local job centre. And the whole meme that a 65% tax rate +25% vat on most products on top of it (I am in Sweden) is somehow worth it financially because "fReE HeAlThCaRe" is laughable.

Even worse: Unless you pay private insurance yourself, the quality of the free insurance (at your nearest vårdcentralen) is absolutely laughable.

My family of 4 pays about 1800 SEK/month for private insurance to actually have a chance to see a competent doctor.

Re: “Great resignation” wave coming for companies

#459

Post by FabHK »

ChuckNorris89 wrote: post #315
admissionsguy wrote: post #286

Earlier quoted context omitted.

You are not getting health insurance in most European countries unless you are working or registered as unemployed and remain at disposal of the local job centre. And the whole meme that a 65% tax rate +25% vat on most products on top of it (I am in Sweden) is somehow worth it financially because "fReE HeAlThCaRe" is laughable.

Mostly this. Maybe it's more lax in the more worker friendly socialist regions like France or Scandinavia but in Austria you only get healthcare coverage if you work or are unemployed and registered as a job seeker which means staying in the country and proving to your local job center on a regular basis that you are looking for work. Traveling abroad for leisure while unemployed automatically disqualifies you from r…

In Germany, there is obligatory health insurance (when you're employed in a normal job up to certain income, or receiving welfare), and voluntary insurance (otherwise), but having health insurance is compulsory. In other words, if you're not obliged to have obligatory health insurance, you must take out voluntary insurance.

With some historical context it can be made to make some sense, but when dealing with it the first time it is prima facie absurd.

Re: “Great resignation” wave coming for companies

#460

Post by tonyedgecombe »

imtringued wrote: post #383
malozite wrote: post #348

Earlier quoted context omitted.

I find the FIRE movement fascinating but also slightly depressing. Among the actually old (my parents' generation - in their 60s and 70s) retirees I know, around half of those retiring from decent 'knowledge worker' jobs have kept on working part-time to some extent. They are consultants, advisers, board members, independent researchers, and so on. They seem to be very happy - they are working at something they are g…

Yes, it kinda doesn't make sense. You don't want to "retire". You want to work on the things you care about. There are jobs that pay poorly but are still very interesting. Retirement is what you do when you can't work anymore. Traveling the world is fun but it's not incompatible with work. You just need to ask for long chunks of vacation, say two to four weeks in a row. If all you do is work a 40 hour work week then…

Retirement is what you do when you can't work anymore.

I wouldn't get hung up on the name. The main part is the FI, so you can pick and choose what you want to work on or if you want to work on anything. Arguing over whether it's a real retirement or not is missing the point.

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