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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#951

Earlier quoted context omitted.

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 rolli…

It’s a rewording of a Steve Jobs quote (not sure where, if anywhere, he got it from). Essentially it means rather than find reasons to disengage, get out and do something to help promote positive change. If everyone does this, then there’s you’re aggregate.

Re: “Great resignation” wave coming for companies

#952

Earlier quoted context omitted.

I think he may actually be wrong, maybe... All costs are payroll costs in an abstraction interpretive sort of way. The non-pay roll-costs such as materials goes to pay other people to make and supply the materials. The cost of steel really is the cost to pay another group to mine, refine, and distribute the steel. Every accountant item I believe can be conceived this way.

Capital investment. No one is going to provide capital if there is 0 return. Basically Y Combinator (incl this site) would not exist.

Capital, in turn, is also just accumulated payroll (or, as I think someone called it, labour).

Congratulations, guys, you're well on your way to reinventing Marxian economics.

Re: “Great resignation” wave coming for companies

#953

Earlier quoted context omitted.

I think he may actually be wrong, maybe... All costs are payroll costs in an abstraction interpretive sort of way. The non-pay roll-costs such as materials goes to pay other people to make and supply the materials. The cost of steel really is the cost to pay another group to mine, refine, and distribute the steel. Every accountant item I believe can be conceived this way.

Capital investment. No one is going to provide capital if there is 0 return. Basically Y Combinator (incl this site) would not exist.

Another example of reinterpreted payroll costs. Different payment scheme but still paying some other people to be money supply for a business(equity).

Re: “Great resignation” wave coming for companies

#954
post #932

Earlier quoted context omitted.

Post-scarcity just refers to a time after scarcity, which is defined as limited resources. In a world that is post-scarcity, everyone can have everything they want (materially) without infringing on anyone else's ability to have the same. The reason it gets brought up is because the moment one person's needs or wants infringe on another's, there needs to be a way to decide who gets what. Generally, this is what peopl…

By definition, this is impossible to achieve. Assume that some person says I want what everyone else has. There is no post scarcity. It is better to think of it as meeting a set of pre-defined needs. These needs can change over time. for e.g., internet access. But framing it as wanting everything I could possibly imagine is a straw-man.

How is it a straw-man? Impossible or not, it means what it means.

Re: “Great resignation” wave coming for companies

#955
post #948
post #707

Earlier quoted context omitted.

Ironically, that’s mainly because all ad exchanges ban crypto ads. Google has actually reversed course on this [1] and soon you’ll start seeing crypto ads too. Sadly, I already see tons of crypto related ads on Instagram already. Also, I’m not sure which digital newspaper you refer to, but I see articles about crypto pretty much on a daily basis on most websites. [1] https://news.bitcoin.com/google-new-policy-cryptoc…

You can't have crypto ads without, y'know, ads. QED.

People like to say ads are useless, and then talk about how they listen to others’ recommendations and blogs and videos, conveniently ignoring that they’re also ads.

Re: “Great resignation” wave coming for companies

#956
post #943
post #942

Earlier quoted context omitted.

Why not train a bad hire ?

Training a 'bad' hire requires taking 'good' employee out of circulation for a while and, depending on what way they are bad, might not lead to anything anyway.

I want to add to this that in many cases getting many "bad hires" can also be symptom of bad management or bad workplace environment.

Re: “Great resignation” wave coming for companies

#957

Earlier quoted context omitted.

>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…

I did. I took a year and sailed. Sold my house and used some savings. I couldn't have done it if I had kept my house though. I was mid 30's at the time (40 now). I don't work in the valley though, I just do data and analytic design for corporations so finding a new job only took a week when I moved back to Columbus, OH after sailing. While I did figure out I didn't love single handing a sailboat long term I don't reg…

OP here, learning to sail is one of my dreams and a potential candidate for first thing Ill want to do this year after quitting. Do you have any tips? I have some very small experience in it.

Re: “Great resignation” wave coming for companies

#958

Earlier quoted context omitted.

Doesn't university student already imply financial security? I don't know how socialist education is in the UK nowadays. I know in the Netherlands it used to be that your education is effectively paid for (either free / you get a scholarship like I did, or a very attractive loan scheme). But they changed the system so it's a loan for everyone now, which will put a damper on how many people go to college / university…

It's a bit above £9000 a year but everyone gets a student loan guaranteed, same with some level of means tested maintenance loan. This means that it's usually a "free" upfront cost to go to uni, however you eventually have to pay it off once you become financially eligible to do so

Your last point is important. If you don't earn enough, the loan is never repaid. Also, in the last 10 years or so the cost was tripled.

Re: “Great resignation” wave coming for companies

#959

Earlier quoted context omitted.

Capital investment. No one is going to provide capital if there is 0 return. Basically Y Combinator (incl this site) would not exist.

Another example of reinterpreted payroll costs. Different payment scheme but still paying some other people to be money supply for a business(equity).

OK but you are getting off track here. The parent's argument was that if you take GDP / working Americans = working livable wage. My only point was that doesn't work because of costs and investment.

Sure you could look at capital investment as a form of payroll, but it's going to heavily skew the numbers and now GDP is not a great way to estimate if we can afford to pay a livable wage simply by looking at GDP.

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