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‘Great Resignation’ gains steam as return-to-work plans take effect

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Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#491

Post by jpleger »

kondro wrote: post #482
r3trohack3r wrote: post #478

Earlier quoted context omitted.

Taking objection to the N in “FAANG” Netflix engineer here. The portion of the company I work in has been hiring remote during the pandemic and we have a company wide permanent WFH policy (well guidance from HR) in place. The policy includes pay tiers depending on where you live, but the pay adjustment doesn’t take place until COVID WFH is lifted. I work on a team that, post covid, has engineers in two countries. I p…

Is the cost of living in the Bay Area really $100k+ more expensive than AZ? Or does the difference in state income tax offset that?

Depends on what you are looking for and what your lifestyle is. For me, in PHX moving from a 3200 sqft place to a place in SF that was a 30-40 minutes commute (3bd, 1500sqft) would have changed my mortgage by at least 4k/month. But realistically it might end up more like 5-6k/month... because housing in SF is stupid fucking expensive. This is just on the mortgage alone mind you, not including taxes and other expenses.

To put in perspective of how little I pay, I pay about 1900/month for mortgage, taxes, insurance and HOA (which is like $150/month because we live in a gated area). I am about 30-45 minutes door to door from PHX airport.

On the low end, it would require ~75-80k before taxes just to make up the mortgage difference, and likely be more than that.

TL;DR: Yea, it can easily be 100k cheaper in PHX vs SF depending on your situation.

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#492

Post by lumberingjack »

sanderjd wrote: post #245
awsthro00945 wrote: post #214

Earlier quoted context omitted.

> Relying on your employer for these items seems unwise. Why? Work is where you spend one third (or more) of your time during your adult life. Why the hell would I not want such a significant portion of my life to not also provide great benefits like opportunities to make friends, meet people, eat great food, and have fun? If you scoff at people who want to make their workplaces more welcoming and happier, no shit th…

Because you might get fired or laid off or burnt out and leave and only then discover that you have invested too much of yourself into this faceless entity that does not care a whit about you. This is one of those things where peoples' warnings to the young come from hard won experience, but where it doesn't sound right to people who have not themselves yet gained the experience. So we fail to impart the lessons and…

What I want to know is who's paying all these people to stand around and socialize while they're on the clock am I paying for that as a customer because fuck that what company is this. I'll take my business to someone who has employees who are efficient and keep my cost low.

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#493

Post by rubicon33 »

awsthro00945 wrote: post #262
sanderjd wrote: post #245

Earlier quoted context omitted.

Because you might get fired or laid off or burnt out and leave and only then discover that you have invested too much of yourself into this faceless entity that does not care a whit about you. This is one of those things where peoples' warnings to the young come from hard won experience, but where it doesn't sound right to people who have not themselves yet gained the experience. So we fail to impart the lessons and…

>This is one of those things where peoples' warnings to the young come from hard won experience, but where it doesn't sound right to people who have not themselves yet gained the experience. Speak for yourself. I am very experienced. I have worked at many companies, some of which I left abruptly, and others where my close friends were fired/laid off. But guess what? None of that matters. Just because a friendship sta…

Wow.

You sound SO different from me. I really struggle to form relationships so easily, yet it sounds like you making lasting relationships wherever you go.

I find that kind of fascinating. As someone who just went back into the office with the whole intent on being more social, I still find that my interactions with coworkers are at "arms length" and are very sterile. Hard to imagine a relationship with them outside of work. That line is still very strong.

Kudos to you. But I would ask, is this an intrinsic skill or did you learn this over time?

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#494

Post by mywittyname »

mahogany wrote: post #243
onlyrealcuzzo wrote: post #206

Earlier quoted context omitted.

It's hard for people to have less money to spend when there's 5x as much M1 [1], and 32% more M2 [2], and for the entirety of the last year - the personal savings rate was at an all time high [3]. People have more money now than ever before. I wouldn't expect a reduction in commerce in aggregate because ~3% of the workforce quit temporarily or even permanently. I won't be surprised if inflation gets so high that ther…

How did the M1 supply increase $12+ trillion? That's surprising to me, especially when it doesn't include bank reserves, and anyway it's much more than even the total amount of quantitative easing from what I can tell.

TL;DR: the federal reserve board did away with a requirement on the classification of certain bank accounts, causing savings accounts and checking accounts to be reported as the same.

https://fredblog.stlouisfed.org/2021/01/whats-behind-the-rec...

> In any case, it seems that the modification of Regulation D in late April has effectively rendered savings accounts almost indistinguishable from checking accounts from the perspective of depositors and banks. Accordingly, the composition of M2 between M1 and non-M1 components conveys little economic information.

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#495

Post by mywittyname »

acid__ wrote: post #268
frumper wrote: post #257

Earlier quoted context omitted.

well he gets done by 11am(8am-11am?) so 8 hours into 3 hours, 8/3 != 5x let alone 10x, sounds like maybe an exaggeration

Wait, who in tech is starting work at 8am? My average day starts around 10. 10x is an exaggeration to be sure, but I will happily defend 5x.

Lots of people. You never noticed because you're never in that early :).

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#496

Post by jedberg »

0xffff2 wrote: post #451
bluGill wrote: post #139

Earlier quoted context omitted.

There is one exception to your location arbitrage: those who want a hobby farm. if you need to go to the office every day your hobby farm will be close to the city. If you only go in once a week a 1.5 hour drive doesn't sound so bad and you can move farther out meaning more land for the same number of people who want a horse or whatever. This is only a tiny subset of people though, and is more the exception that prov…

If you're in a major metro like the bay area, 1.5 hours still doesn't get you far enough to afford anything like enough land for a hobby farm on anything short of a FANNG salary.

Sure it does. 1.5 hours gets you to Stockton or Gilroy or Modesto of Fairfield and lots of other more open places where you can get a few acres at a decent price.

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#497

Post by Salgat »

achow wrote: post #166
hn_throwaway_99 wrote: post #42

In my experience at least talking to some younger people there is a clear dichotomy: despite all the talk about Gen Z being "digital natives", people new in their career are much hungrier to get back into the office because they don't yet have good career networks built up and they're eager for mentorship. It is older, or at least more established workers who are less keen on that. I don't think FAANGs will have any…

From a single, young: I miss the office for.. - Free and convenient food. - Social chatter & engagement. - Making friends with employees who I don't know and connecting with new employees. - Work life separation (balance). - Proper workstation, climate controlled environment. - Sense of belonging - team outing, after hours beers.. - Intra and inter company sports and games. - Meeting potential dates. [Not me. Just em…

Most of this is solved by simply having a healthy social life outside of work.

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#498

Post by unmole »

icedchai wrote: post #253
tedivm wrote: post #213

Earlier quoted context omitted.

There's a huge difference between what we all did over the last year and a normal remote working situation. A lot of the worst part of WFH for most people really is a combination of WFH and pandemic pain, rather than purely being a WFH issue. I've spent most of my career doing remote work. Since I planned on it, rather than being forced into it, I was able to do things like rent an apartment with space for an office…

Yes, this is true. It would be different if it were planned for. I hope to get back to coffee shops soon. I am somewhat hesitant at the moment given there's still a decent percentage of unvaccinated folks in the area.

> decent percentage of unvaccinated folks in the area.

Unvaccinated folks pose a potential risk to themselves and other unvaccinated people. So, if you're already vaccinated, why are you still hesitant to go out? Is it because you live with kids or with someone immunocompromised who can't get vaccinated?

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#500

Post by vkou »

hn_throwaway_99 wrote: post #305
nklop wrote: post #248

Earlier quoted context omitted.

Not me. My career networks are online. Offices are full of people trying to give each other eating disorders through passive aggression, politics and generally pointless power games. That's the perception we have in our groups. We meet up weekly face to face to share air when possible.

> Offices are full of people trying to give each other eating disorders through passive aggression, politics and generally pointless power games. Seriously, does half of HN work in the real-life equivalent of "The Office"? Yes, office politics exist, but this idea that it's some sort of scheming, back-stabbing environment is a caricature I have never experienced in my nearly 30 year career.

The bigger caricature is imagining that it all goes away if you just WFH.

It doesn't magically go away, it just keeps happening, almost certainly to your detriment.

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