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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#961
post #861
post #730

Earlier quoted context omitted.

If it makes you feel better: there was, and remains, a tech subculture more focused on the tech than the money, but it’s been drowned out over the past 25 years because a gold rush makes for better press. Unfortunately that press attracts people who like that sort of thing. So if you like what you are doing and can live comfortably you are at the top of your game. The rest is merely froth.

Says the Cygnus Solutions cofounder. Wow. Where are people like you working today?

Since the Cygnus days I have worked on on small solar thermal power plants (fit in a pair of containers), pharmaceutical chemistry, distributed databases, Symbolic AI, and Rand CastAR for a while.

Some programming, some hardware, some chemistry, always lots of fun.

Right now I’m working on data control and privacy.

Re: “Great resignation” wave coming for companies

#962

Remember how everyone predicted a baby boom in 2021 and instead we saw a 8-10% decline in birth rate [1]? It turns out that while people had more time to focus on their families, the financial uncertainty had a greater impact on their family planning decisions. The same thing happened in 2009 - there's a close link between the birth rate and recessions [2]. While I don't doubt that many people will change their jobs…

Instead, we saw a dog adoption boom.

I adopted a dog in early March 2020, unrelated to pandemic, because my wife really wanted one. I was on the fence but really unsure about it -- we lived in a 3rd floor walkup, for one, and used to travel a lot so it didn't see like the best idea.

I wish I could say it was a success story but I really haven't enjoyed it. I love the dog but as he got older he got really anti-social with people (the pandemic definitely made it harder to help solve that, sadly). A lot of "dog fun" like having your dog meet your friends, take your dog to a picnic, have your dog running around at your BBQ, just isn't in the cards for us. Taking him on walks is a challenge because he lunges and barks at people walking by. With consistent training we've gotten it under control and generally he's a happy pup but man, it was a huge commitment and a gigantic stressor.

Re: “Great resignation” wave coming for companies

#963
post #94

Earlier quoted context omitted.

>In the long-term, this might get people out of packed cities and horrific commutes and help become a rebirth of small-town America (or small-town Chile and everywhere else). Perhaps. I think the shift will be to more healthy-livable cities, whether thats big or small. Vast majority of humans seem love the benefits of high population density more than they dislike the costs, remote work or not.

> Vast majority of humans seem love the benefits of high population density more than they dislike the costs, remote work or not. Over these 8 years I've lived everywhere from NYC to small town America and other countries in AirBnbs. They each have their benefits, they are just different. If you have a family, small towns can be amazing. Good school districts, tight-nit communities, great charitable events to partici…

I've always dreamed of packing up and moving to the mountains (the Whites, or the Rockies, or the Sierras) but I've always been held back by 3 major factors. First, most rural communities don't have very good educational infrastructure. Second, moving somewhere with no social scene as an adult means you'll be spending a long time with no or few friends. Third, the cost and time sink of traveling back home to visit family for holidays, baptisms, etc.

Re: “Great resignation” wave coming for companies

#964
post #39

I've worked remotely for over 8 years as a senior software engineer, and I'm not going back anytime soon. This will get interesting for both salaries and global movement. Being a digital nomad certainly won't be as "hip" when everyone else can do the same thing. And now people are going to be competing with a lot of low-cost employees with equal skills. This has already been the issue with offshoring, but now you can…

I think that time zone bands will temper this somewhat. It’s a lot easier to work with people on the same schedule than trying coordinate with people/teams that are +/- 3 time zones away.

3 time zones is a pain, and 4+ is a nightmare. I can definitely see a lot of people telecommuting from "nearby" (Vermont to NYC for example) but Hanoi to San Francisco is just too much.

Re: “Great resignation” wave coming for companies

#965

Earlier quoted context omitted.

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… compare…

Your assumptions are totally incorrect. US has the most subsidized healthcare in the world by GDP. That's for starters. Second, I gave you hard data. What do you give me? Your wishful thinking that China will adhere to your wishes? And start paying for nothing? The Party doesn't pay for nothing. In China you work. And you pay for your doctor.

Re: “Great resignation” wave coming for companies

#966

Earlier quoted context omitted.

>China achieving an equivalent standard of living would probably not work out so well for the authoritarian government there That myth has been disproven long ago. Achieving a high standard of living and level of education does not magically cause people to pour into the streets and protest against their authoritarian governments. >A world where China elevates itself to the US's level is one we should celebrate in th…

This is mild fear mongering - I’m skeptical of Xi myself. But You are projecting the colonial powers’ treatment of the world onto a nation that has never done anything close to what you describe.

People are the same. China is very well known for its extreme nationalistic tendencies. The Party to stay in power must be really, really to the right in terms on nationalism. Without nationalism the Party has no chance staying in power. Read up on the topic. And yes, they treat their minorities extremely bad. Including concentration camps for Ughurs. US compared to them is a pure equality heaven.

Re: “Great resignation” wave coming for companies

#967

Earlier quoted context omitted.

Base + bonus + annual refresher should be in the 700s annually. Likely the way this gets to $1M is with stocks going up and stacked refreshers (getting a couple annual refreshers while the initial grant is still vesting).

But they shouldn't be reporting stocks going up or refreshers to Levels They should be reporting offer letters that get verified by Levels admins So its $1,000,000

At https://www.levels.fyi/addcomp.html I see someone could upload an offer letter, or a W2.

Re: “Great resignation” wave coming for companies

#968

Earlier quoted context omitted.

Stocks (and therefore RSUs) are up. I joined a FANG in 2019 with $500k RSUs. Now I have $740k in unvested RSUs, including $600k remaining from the initial grant.

Jesus that's unreal. You devs make so freaking much (coming from a penniless non-dev trying to remain at peace with his rsu package)

I feel you, and I spent most of my time at non-FANG earning much less.

Re: “Great resignation” wave coming for companies

#969
post #961
post #861

Earlier quoted context omitted.

Says the Cygnus Solutions cofounder. Wow. Where are people like you working today?

Since the Cygnus days I have worked on on small solar thermal power plants (fit in a pair of containers), pharmaceutical chemistry, distributed databases, Symbolic AI, and Rand CastAR for a while. Some programming, some hardware, some chemistry, always lots of fun. Right now I’m working on data control and privacy.

Data control and privacy are two of the most important things. I wrote a popular open source project where I've sought to improve that. Would you be interested in taking a quick look and offering candid feedback? See https://justine.lol/redbean/ and discussion thread https://news.ycombinator.com/item?id=26271117 and interview https://youtu.be/1ZTRb-2DZGs and polyglot executable format https://justine.lol/ape.html Someone like you could help me know if I'm doing it in the best possible way, since studying the influence of groups like cygnus was what helped me learn the hacking stunts that allowed me to pull it off in the first place.

Re: “Great resignation” wave coming for companies

#970
post #842

Earlier quoted context omitted.

China achieving an equivalent standard of living would probably not work out so well for the authoritarian government there - but it would work out surprisingly well for Marxism. Actually equalizing US and Chinese wages would lead to an extreme acceleration of other areas with depressed wages and, potentially, lead to the world becoming more equal in wages without the current assumed approach - that US wages will def…

>China achieving an equivalent standard of living would probably not work out so well for the authoritarian government there That myth has been disproven long ago. Achieving a high standard of living and level of education does not magically cause people to pour into the streets and protest against their authoritarian governments. >A world where China elevates itself to the US's level is one we should celebrate in th…

> That myth has been disproven long ago. Achieving a high standard of living and level of education does not magically cause people to pour into the streets and protest against their authoritarian governments.

While a flip doesn't instantly switch it does cause an erosion of the stability of the government. An enlightened populace is less accepting of authoritarianism than an unenlightened one and the excess luxury time that wealth creates leads more of the populace to enlighten themselves.

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