Earlier quoted context omitted.
Wage suppression
Could you elaborate on how wages of native French speaking language teachers are being suppressed? Or that nurses in North Dakota are not getting jobs because the hospital is going through the process of hiring a qualified nurse under the H-1B program? I'm not saying that the teachers or nurses are not underpaid - they should be paid more, but the ability for the organization to pay them more is often constrained by…
Is America's jobs market nearing a cliff?
631–640 of 693 posts
Re: Is America's jobs market nearing a cliff?
#632Earlier quoted context omitted.
I'm gonna have to hold your hand when I tell you this: when you tell the younger generation to "save" or "invest" they are going to walk away from that conversation knowing they were just speaking with one of the most mind-numbingly naive Olds they're going to encounter in probably the next several months. Please, if you ever want any respect from anyone younger than you ever again in your entire life, do not say tho…
At some point you are going to have to grow up and take matters into your own hands instead of blaming everyone for your situation. I’m not old. Just wise.
Just grow up. Bootstraps! I did it, why can't you?
Well first off, you didn't do it, you got fucked up the ass and asked for more. Your parents and their parents lived in an America where one person could own a home, multiple cars, and care for a large family. They lived in an America where layoffs did not exist, where shareholders were at the bottom of the totem pole, and where companies like GE prided themselves in how much money they gave to their employees.
We now live in an America where GE has been run into the ground, dragged through hell, revived, and then damned again, only for the demon that did it to be praised as a Capitalist God - a template, an alchemist of money, who could seemingly create value out of thin air.
Of course, nobody has stepped back and asked what "value" we're measuring. Not that it matters, because whatever you measure, GE don't got it.
You could have been better off, but you weren't. You're complacent enough, but baby this train goes downtown. There's no reversing course. However hard it was for you, it will only get harder.
Of course, this is big picture stuff. Small picture, can you do things to help your situation? Of course you can. But those things become harder, they become rarer, they become more elusive.
Just get a job and you'll be good! Oh wait no, that doesn't work anymore. Just go to college and you'll be good! No wait, that doesn't work either. Well, just own a home, that's the path to financial freedom! Um, well, actually no not that either. Well just invest in the stock market!
Yes, great idea! I wonder how long that will last! I wouldn't hold your breath.
Re: Is America's jobs market nearing a cliff?
#633Earlier quoted context omitted.
Yeah; I've heard a few people say versions of you get bored if you retire early, and I've soon to be retirees talk about how the people they know who retired to go do nothing just wasted away. I like tech; my challenge now is finding a gig with interesting work and a good work-life balance and p75 pay. That, and knowing when I actually have enough net worth to have more freedom. The problem is you never think it's en…
Boredom is a personality trait IMHO. Some of us never get bored, there's only lack of time and funds for hobbies and exploring.
Now I never get bored. Things have changed, but yeah, boredom used to be a real thing that people experienced no matter what their personality traits were.
Re: Is America's jobs market nearing a cliff?
#634Earlier quoted context omitted.
Could you elaborate on how wages of native French speaking language teachers are being suppressed? Or that nurses in North Dakota are not getting jobs because the hospital is going through the process of hiring a qualified nurse under the H-1B program? I'm not saying that the teachers or nurses are not underpaid - they should be paid more, but the ability for the organization to pay them more is often constrained by…
The more than 400,000 tech workers who have been laid off since 2022 are a clear reflection of wage suppression in the industry, as many of them have spent extended periods without a paycheck.
IMO, they are a clearer reflection of the fact that the industry has lots of jobs that are tied to remote future payoff and dependent on financing outside of operations, and that tighter money policies reduced the flow of investment into the broad industry (outside of the AI segment), cutting a lot of those jobs.
Re: Is America's jobs market nearing a cliff?
#635Earlier quoted context omitted.
Could you elaborate on how wages of native French speaking language teachers are being suppressed? Or that nurses in North Dakota are not getting jobs because the hospital is going through the process of hiring a qualified nurse under the H-1B program? I'm not saying that the teachers or nurses are not underpaid - they should be paid more, but the ability for the organization to pay them more is often constrained by…
The more than 400,000 tech workers who have been laid off since 2022 are a clear reflection of wage suppression in the industry, as many of them have spent extended periods without a paycheck.
There is a problem with tech and how oversubscribed the H-1B visa is because of tech contracting - especially with visa dependent employers. However, the suggestion to cancel the program would impact many other professions (that already suffer because of tech in the field) where the visa isn't used in the same way.
The problems that we are seeing is not one of the H-1B visa, but rather large amounts of money sloshing around in the tech industry trying to get things done first and consultancies trying to get a piece of the pie from people who have ideas but no idea of how to do do whatever the hyped thing is today.
Re: Is America's jobs market nearing a cliff?
#636Earlier quoted context omitted.
>you would easily make any salary you could name for them tenfold. >I at at a Home Depot like 10 times a week And yet you still go to Home Depot, so from their perspective it's not an existential issue. Probably the biggest thing companies have learned recently is that they don't need 99.99% uptime, people will accept degraded performance because "that's just how technology works".
I don't think that's an appropriate conclusion to draw from a single point of data.
Well, since we've accepted it. Everything kind of sucks and barely works, but it doesn't matter, because we ultimately put up with it.
Re: Is America's jobs market nearing a cliff?
#637Earlier quoted context omitted.
I haven't got to 10m yet, but I saved 70-80% of my take home pay since ~2008 and I have enough to quit at any time and live the rest of my life without working. That is just by investing in the 3-fund portfolio and without the crazy SF salaries.
No one knows you here. Give some real numbers. How much are you paying for housing? What’s your gross pay?
Re: Is America's jobs market nearing a cliff?
#638Earlier quoted context omitted.
A big tech breakup needn't be anti-capitalist. In fact, it might be the most pro-capitalist move. If you're an entrepreneur or VC, you want big tech broken up because they can put serious price pressure on your exit. Trillion dollar companies can easily spin up a team to copy you, with no incentive to stay alive. They can threaten you with all kinds of leverage - access to customers, patents, legislators. They can gi…
I think it depends on which kind of entrepreneur you're aiming to be. VC breakups are amazing if your goal is to box in and become a market competitor. But as of the last decade or so there's been plenty of "incubators" to take into account. startups whose goal is instead to be sold off to some major company and get their payday that way. Those kinds of models would deteriorate, and are likely what want to prop Big T…
Good, because this is an extremely toxic and damaging version of capitalism
Every company should be seeking to stand on its own, not become assimilated by the borg
Re: Is America's jobs market nearing a cliff?
#639Re: Is America's jobs market nearing a cliff?
#640From my experience, it's grim at the moment for software developer jobs. I got laid off in August and it's been rough. I'm in my early 30s so I can't compare it to 2008, but I've been laid off before and I've never seen it this bad.
It is all due to outsourcing. AI/H1B isn't taking that much job. Unless government put penalties on outsourcing market isn't going to improve.
When is YC going to add "This account is based in..." like X has?