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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#821

Post by onethought »

nightski wrote: post #799
standardUser wrote: post #791

Earlier quoted context omitted.

But it is fair to say that economies that look remarkably like our own are able to support higher wages with no catastrophic downsides. The same argument goes for universal healthcare, family and sick leave, etc.

No I don't think that is fair at all and I feel that you need a source that dives deep into the details because it is far more complicated than X country's wages > U.S. wages.

Which part do you want to dive deep? High minimum wages? Or universal health care?

Australia has both, and a smaller gdp/capita than the US. Happy to dive as deep as you like.

On both front, Australia still has effective unions with political representation, and thus corporate interests don’t always win. That’s the main difference with the US.

Re: “Great resignation” wave coming for companies

#822

Post by bavila »

bytematic wrote: post #467
setgree wrote: post #198

Earlier quoted context omitted.

I left my job in May and I'm hiking the Appalachian Trail now. I saved more than enough for living in a tent for 5 months (admittedly the tent was expensive but I already had it). So far it's been great. I've met a lot of folks who are burned out and taking some time to think. If long-distance hiking appeals, I'd be happy to discuss it. Long-distance hiking isn't for everyone but

How much savings for that 5 months?

I hiked the northern half of the trail a couple years back. You should expect to spend $1,000/month at a minimum for a good experience. I spent $2,000/month and felt like I was living large. (I'd eat like a pig at every hotel/bar/restaurant I entered when arriving into a town. Most people lose weight on the trail; my weight stayed the same.) Expect your gear to cost around the same as your monthly budget.

Re: “Great resignation” wave coming for companies

#823

Post by YarickR2 »

maybelsyrup wrote: post #780
rapind wrote: post #777

Earlier quoted context omitted.

There’s no “labour” shortage. There’s a “wage” shortage. Companies aren’t really complaining about a labour shortage. They’re complaining that no one wants to work for their ridiculously low pay while the board and CEOs sail around in their yachts.

Yeah it really is hilarious in a way, because you can take many business owners' constant blathering about the so-called free market and throw it right back in their faces: "No one wants to work for poverty wages in my shitty restaurant!" Sucks bro, that's the market. Raise your wages. "If I raise my wages I can't stay in business!" Sucks bro, that's the market. Make your restaurant less shitty and get more business.…

You're in for a rudest of all awakenings. You cannot demand salary to be raised without understanding business will be looking elsewhere to fulfill business needs , and will be outsourcing actual labor. Business that can't be outsourced in such conditions (restaurants, hospitality) will be forced to shut down when outsourceable business lays out local workers and replaces them with someone half a world away.

Re: “Great resignation” wave coming for companies

#824

Post by nightski »

onethought wrote: post #821
nightski wrote: post #799

Earlier quoted context omitted.

No I don't think that is fair at all and I feel that you need a source that dives deep into the details because it is far more complicated than X country's wages > U.S. wages.

Which part do you want to dive deep? High minimum wages? Or universal health care? Australia has both, and a smaller gdp/capita than the US. Happy to dive as deep as you like. On both front, Australia still has effective unions with political representation, and thus corporate interests don’t always win. That’s the main difference with the US.

Stealing from Jeremy Howard on twitter -

"The 5 largest companies in the US are all computer software/hardware.

Australia's largest company is in mining, and 4 of the next 5 are banks.

Australia really needs to join the modern world..." [1]

--

On top of this you haven't compared -

1. The quality of life difference between minimum wage workers in those countries 2. The quality of health care between these countries 3. Median house hold income (not everyone is on minimum wage) 4. Differences in taxes and "net" pay 5. The differences in the makeup of the economies and conditions of jobs

Honestly the factors are endless and I am not going to spend more time enumerating them all.

[1] https://twitter.com/jeremyphoward/status/1403627678528200704

Re: “Great resignation” wave coming for companies

#825

Post by xyzelement »

pianoben wrote: post #818
xyzelement wrote: post #757

Earlier quoted context omitted.

This may seem coldly logical but in the absence of my own researched opinions, I am evaluating the merit of the opinion about these interviews based on their origin: You have - companies that settled on this process, who have been able to attract top tallent that has cleared this bar. You have - employees of these companies that were able to clear the interview bar. And then you have - people who don't work for these…

Personally I suck at leetcode questions, but nevertheless have snuck in to some of these so-called "top-tier" companies. And let me tell you! These questions have fuck-all to do with the actual work the happens there. Sure, you can usually find someone to tell you how much rainwater accumulates into a random bar chart, but I see as much brain-dead code at the top as anywhere else. As much great code, too, FWIW. Every…

I am not sure that's the whole picture. I don't care about leetcode type problems but if I was applying for a job where they were a barrier to entry, I'd go figure out what it takes to master them.

The bar may simply be "sober enough to understand what it takes to succeed at this task", "committed enough to prepare" and "smart enough to solve them"

These attributes correlate strongly with success, I'd imagine.

Re: “Great resignation” wave coming for companies

#827

Post by onethought »

RealDeal123 wrote: post #773
onethought wrote: post #718

Earlier quoted context omitted.

Actually on gdp alone there is enough money in the US for everyone to have a living wage… checkout northern euros or Australia for example of what that looks like. The problem with the fed stimulus was the benefits too large corps.

US GDP has been lower than China GDP since 2019 and if anything the pandemic accelerated the process of Chinese economic outpacing the US economy. In China there is enough money for everyone to have living wage too. And you pay for you healthcare in China too even though their GDP is enough to cover it for all Chinese citizens. Apparently they are focusing on the big picture, i.e. becoming No.1 and surpassing US by a…

You want to use China as an example? Sure!

China has the fastest growing and largest middle class (or middle income earners) in the world. They prove exactly the point I’m making. There will come a point in time where there are less people (%) living in poverty in China than in the US if you follow the current trend lines.

Also you are only kind of right with “you pay for healthcare”. It’s heavily subsidised… compared with the US.

Re: “Great resignation” wave coming for companies

#828

Post by mixmastamyk »

tick_tock_tick wrote: post #668
rubicon33 wrote: post #504

Earlier quoted context omitted.

And yet, they still persist on presenting leetcode riddles that have very little relevance to the job being interviewed for. If they were hurting that much for devs, you'd think they might lower the bar a little by not requiring a years study of leetcode.

Google has gone on record that the best way to hire would be IQ tests but they don't because of the blowback it would generate. Leetcode is just a shitty proxy for IQ testing.

Do do do do…

What are the issues with IQ tests?

Re: “Great resignation” wave coming for companies

#829

Post by vc8f6vVV »

FabHK wrote: post #421
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.

In Germany, I can buy travel health insurance that covers an unlimited number of trips abroad of up to 8 weeks each (including basically any doctors and hospitals abroad, as well as transport back home when medically recommended) for about 15 USD a year, and similar insurance for trips up to 1 year for about 500 USD a year. (Valid worldwide, or excluding North America for a cheaper rate.) (Recommendations (in German)…

Travel insurance doesn't cover chronic stuff, its goal is to make you able to travel home as soon as you able to in case you need long-term treatment.

Re: “Great resignation” wave coming for companies

#830

Post by onethought »

nightski wrote: post #824
onethought wrote: post #821

Earlier quoted context omitted.

Which part do you want to dive deep? High minimum wages? Or universal health care? Australia has both, and a smaller gdp/capita than the US. Happy to dive as deep as you like. On both front, Australia still has effective unions with political representation, and thus corporate interests don’t always win. That’s the main difference with the US.

Stealing from Jeremy Howard on twitter - "The 5 largest companies in the US are all computer software/hardware. Australia's largest company is in mining, and 4 of the next 5 are banks. Australia really needs to join the modern world..." [1] -- On top of this you haven't compared - 1. The quality of life difference between minimum wage workers in those countries 2. The quality of health care between these countries 3.…

So you want to dive deep or use Twitter quotes?

You want to talk about quality of life difference between $7/hour and $23/hour ??? Sure where do you want to start?

Want to talk about quality of healthcare… the US will lose badly here (except in certain types of cancer). And skewed statistics because the US just refuses treatment to a bunch of folks which hides treatment/mortality rates.

You want to talk about median income 33k (us) vs 43k (au)?

Or back to the more pressing point: when you only have corporate lobbyists and no lobbyists for workers (unions) workers get skrewed across the board.

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