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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#851

Post by alasdair_ »

rootusrootus wrote: post #690
Volrath89 wrote: post #512

Earlier quoted context omitted.

I'm located in Colombia, and all my developers friends/acquaintances that speak English are already working for US companies. Some of them earning 100k+, but most of them earning about 50-70k. I'd say there is not a general unwillingness to hire overseas developers, on the contrary, if more people could speak english in south america US companies would be more than happy to hire even more here. There is a shortage in…

I agree 100%. Aside from time differences, the biggest problem we have with remote teams in faraway places is communication. We have really sharp folks in our Hyderabad office, but some of them really struggle to communicate clearly, and a poor Zoom connection doesn't help at all. That would be my one piece of advice to someone outside the US who wants some of that sweet, sweet income we have grown accustomed to. Bei…

Buying a decent microphone is also something I'd strongly recommend, especially for people (like me) that have a non-local accent.

In addition, high quality audio makes you sound smarter :) https://tips.ariyh.com/p/good-sound-quality-smarter

Re: “Great resignation” wave coming for companies

#853

Post by maybelsyrup »

giantrobot wrote: post #846
maybelsyrup wrote: post #743

Earlier quoted context omitted.

> for those who no longer wish to work > to those who don't wish to work > those who choose not to work at all > the same for working and for doing nothing, that people choose the latter You're making my point for me with the arbeit macht frei dog-whistles here. So let me be clear: if "work" is defined as "millions of white and blue collar professional lives before Covid, lives replete with Kafka-esque meaninglessnes…

I usually read "People don't want to work!" statements as a sentence fragment. It's the first half of a whole statement. The second half of the statement is a variation on: "for the shitty wages or conditions I'm offering and will rescind at a moment's notice for any made up reason I can imagine". The idea I get from the Cato echoing types is if you have a job you should beg and scrape and genuflect for your betters…

Yes this is exactly right. There's a logical endpoint to their worldview: feudalism. It's got everything they want: the jobs (100% employment!), the genuflecting, the huge profits.

Re: “Great resignation” wave coming for companies

#854

Post by alasdair_ »

mixmastamyk wrote: post #828
tick_tock_tick wrote: post #668

Earlier quoted context omitted.

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?

> What are the issues with IQ tests?

They can have cultural or social biases unless very carefully calibrated. Ideally you should be able to take anyone who speaks a reasonable level of English, give them test and have them get a score that matches their intelligence percentile.

In practice, the tests are built for a particular socioeconomic class and type of person. As a trivial example, imagine the test uses the word "yacht" and you give the test to someone who has never culturally been exposed to that word - that person will, on average, score a bit lower than someone who recognizes the word immediately.

Or imagine you give a test using Imperial units to a European who exclusively grew up using Metric (or vice versa). Knowing that three feet are in a yard isn't an intelligence test, it's a test of cultural familiarity.

Re: “Great resignation” wave coming for companies

#855

Post by philipov »

maybelsyrup wrote: post #849
macromagnon wrote: post #845

Earlier quoted context omitted.

I doubt you can say some 'one' made the world this way. The present day is the result of historical, economical, scientific, etc. processes that are only partly known by few people. Țhere is a short term greed pushing wages down so in that sense I agree.

Yes you're right, no one person made it this way - that was a rhetorical efficiecy on my part. I meant some broader human "we" made it this way. People, us.

It's not just a rhetorical efficiency though. Phrasing it that way makes it feel like it's a lot easier to change, cause we can imagine personally overcoming a single person.

That broader human "we" is the deterministic historical process that is insurmountable for any one person. It can only be contested with a countervailing historical process when people organize and cooperate, and that's a lot harder to get rolling than just calling your congressperson.

Re: “Great resignation” wave coming for companies

#856

Post by sfblah »

yibg wrote: post #741
screye wrote: post #263

> Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs. This number is meaningless without previous year trends. In my circles, everyone from 25-35 is simultaneously preparing to FIRE and no-one that's 35+ has actually changed jobs despite being 'financially independent'. Expressing intent to resign, and actually resigning are completely different things. (edit: to clarif…

This is me. FIRE was one of the dreams / goals from many years ago. I'm technically able to retire now but I'm still working. A few reasons I think: 1) Sense of (in)security. There is the thought of, what if my investments lose a lot of value. What if costs suddenly go up. So the number keeps shifting up. Just another x dollars and I'll retire. 2) As I get older, the thought of retiring is also starting to lose appea…

Another thing: Work is generally how people best have the opportunity to interact with people operating at a higher degree of sophistication, and it's often where you have a chance to work with people who are smart or motivated.

If you stop working, you risk losing both those networks.

Re: “Great resignation” wave coming for companies

#857

Post by dragonwriter »

sfblah wrote: post #856
yibg wrote: post #741

Earlier quoted context omitted.

This is me. FIRE was one of the dreams / goals from many years ago. I'm technically able to retire now but I'm still working. A few reasons I think: 1) Sense of (in)security. There is the thought of, what if my investments lose a lot of value. What if costs suddenly go up. So the number keeps shifting up. Just another x dollars and I'll retire. 2) As I get older, the thought of retiring is also starting to lose appea…

Another thing: Work is generally how people best have the opportunity to interact with people operating at a higher degree of sophistication, and it's often where you have a chance to work with people who are smart or motivated. If you stop working, you risk losing both those networks.

> Work is generally how people best have the opportunity to interact with people operating at a higher degree of sophistication, and it's often where you have a chance to work with people who are smart or motivated.

That's true of “work” viewed broadly, but not necessarily particularly of wage labor more than other things within the broad sense of “work”; certainly, I’ve found it to be no less true in political and charitable volunteer work than it is in wage labor.

Re: “Great resignation” wave coming for companies

#858

Post by rsanek »

TX0098812 wrote: post #304
DeBraid wrote: post #272

Earlier quoted context omitted.

A few charts showing 20-year quit rates via FRED: * ALL Non-Farm: https://fred.stlouisfed.org/series/JTSQUR * Professional and Business Services (which I believe captures software) https://fred.stlouisfed.org/series/JTS540099QUL List of all the options https://fred.stlouisfed.org/categories/32247

Interesting. Looks like a rising trend since the last financial crises. The effect of corona seems to be limited to a dip around the beginning of the pandemic, presumably due to uncertainty. No great resignation wave though, judging by the graph.

No great resignation wave, are we looking at the same charts? Both charts have the highest values ever since they started tracking this in 2001, and we've only seen increases in monthly quits since the start of 2021.

Re: “Great resignation” wave coming for companies

#860

Post by wavesounds »

alistairSH wrote: post #480
Loughla wrote: post #278

Earlier quoted context omitted.

Higher education is my main job - we're not seeing an influx like we expected of people returning to college, but we are seeing an increase in non-traditional (24y.o.+) students. They are, to paint with a very broad brush, folks who all worked in food service, retail, or other front-line sales industries. The forced time off last year made them realize they were killing themselves for not very much money, and they're…

There is currently a wild and IMMENSE disconnect from worker attitudes to beliefs about worker attitudes, and I don't know why. Largely because business owners are pushing the "$300/month is making everybody lazy" narrative. There doesn't appear to be much evidence it's true, at least not to the extend business owners would have us believe.

Its $300 a week not a month. $300 a week is $7.50 an hour at 40 hours a week. People are getting this on top of normal unemployment. So it very well may be more than what some people were getting paid to work.
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