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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#981

Post by onethought »

RealDeal123 wrote: post #965
onethought wrote: post #827

Earlier quoted context omitted.

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.

Why is us health care so expensive then? In Australia drs and hospitals are free… there is no cost. How do you subsidise more than that?

In the US I’ve used the hospital system once (minor treatment, no over night stay) my insurance paid $4000+ usd. In China I’ve used the hospital system for a fairly serious physical injury and was treated very quickly, couple hours and I paid ~$600 rmb.

Re: “Great resignation” wave coming for companies

#982

Post by onethought »

RealDeal123 wrote: post #966
onethought wrote: post #939

Earlier quoted context omitted.

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.

The US comparison is just not true, you are ignoring the vast majority of US history when you say something like that.

Nationalism is not the same as subjecting your surrounding neighbours, which is the implication that the OP was making.

Re: “Great resignation” wave coming for companies

#983

Post by wil421 »

sgerenser wrote: post #917
wil421 wrote: post #763

Earlier quoted context omitted.

Cash is king. Stocks, bonuses, and RSU are never guaranteed.

RSUs (that are contractually part of your on hire compensation) in a publicly traded company are as good as cash. Just sell immediately when they vest.

What if your stock goes down?

Re: “Great resignation” wave coming for companies

#984

Post by AussieWog93 »

onethought wrote: post #939
AussieWog93 wrote: post #883

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.

>But You are projecting the colonial powers’ treatment of the world onto a nation that has never done anything close to what you describe.

Please read some Chinese history. You'll see the exact same level of brutality, imperialism and aggression shown by the European empires, from Rome to Britain.

Much of central and Western China was only conquered during the last 500 years (basically the same period as European colonialism). They too, experienced forced cultural assimilation and ill treatment. They didn't conquer the globe in the way the Europeans did, but equally they didn't have the naval technology to do so.

Re: “Great resignation” wave coming for companies

#985

Post by mancerayder »

On-call is the lifelong misery for me. I found a job recently without a lot of it, but I sense it's coming.

Those in the DevOps space would love to resign and find something-that-isn't-that, but there doesn't seem to be much relief outside of very large environments with follow the suns.

Re: “Great resignation” wave coming for companies

#986

Post by Schwolop »

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…

I'm interested by #3, as it is imminently to be my own situation (by choice). The few people who know thus far are all close friends, and even then aren't completely aware that "living off my savings" comes with the additional "and I'm >95% confident that I can do so in perpetuity." My parents think I'll be bored in short order, which may be true. But I've no idea how the rest of society would see it. Envious? Pleased for me? Suspicious of how it was achieved? Something else?

Re: “Great resignation” wave coming for companies

#987

Post by onethought »

AussieWog93 wrote: post #984
onethought wrote: post #939

Earlier quoted context omitted.

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.

>But You are projecting the colonial powers’ treatment of the world onto a nation that has never done anything close to what you describe. Please read some Chinese history. You'll see the exact same level of brutality, imperialism and aggression shown by the European empires, from Rome to Britain. Much of central and Western China was only conquered during the last 500 years (basically the same period as European col…

Ok… heard of Kublai Khan? Part of the mongol empire circa 1200s preceding the colonial powers existence by a good 500-600 years… That was the Yuan Dynasty (in china) and they conquered a whole lot more than modern day china.

Now since Yuan, you’ve had Ming and Qing… neither of which were particularly aggressive outside of their borders… and Qing was of course the start of the Opium wars, where the colonial powers essentially raped china for all its resources.

With regard to your strange Naval quip. You should look up the Chinese treasure ship. (Ming dynasty)… predates the colonials naval power.

So which Chinese in particular would you like me to read about? Everything you said is factually incorrect. To a laughable degree. I recommend you watch Marco Polo on Netflix, it’d teach you something.

Re: “Great resignation” wave coming for companies

#988

Post by BobbyJo »

smolder wrote: post #976
vaidhy wrote: post #932

Earlier quoted context omitted.

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.

Yeah, I've always maintained that there are too many people with unbounded greed for a "complete" post-scarcity to be achievable. There's a "greed is good" crowd, and then beyond that, there are those who aren't even concerned with whether it's good to be greedy, they just want to win at others' expense, spitefully. A world where they can't take from other people is not desirable. The first time I got to know someone…

I couldn't agree more. The idea itself is grand, but it's not adaptable to chaos. So long as human personalities are scattered around a bell curve, the more competitive and materialistic of us (which includes those of us who want humanity to pursue scientific development since it is extremely capital intensive) will force the competition to continue.

Re: “Great resignation” wave coming for companies

#989

Post by tgtweak »

reverse_list wrote: post #400
tgtweak wrote: post #289

Earlier quoted context omitted.

I appreciate the alternative perspective and productive-pessimism, but anecdotally in my immediate social circle of engineers, 5 have changed jobs - all for substantial upgrades, and not 1 of them was for a job that required office presence or downgrade in quality of environment. The last year has been so strong for online tech that there is a heavy vacuum effect on the available talent. FAANG are struggling to fill…

These comments about how the market is on fire for developers always make me sad. Not your fault, but outside the US (and maybe western/northern Europe) you get lowballed hard, even with years of experience. And the supposedly lower CoL doesn't make up for it, at all, not even remotely. I'm not even talking about getting crazy bay area compensations, I'm talking about hoping something better than a $25k-$45k range fo…

All the shops in Ukraine and India I know of are solidly heading up in price for developers. Engineers make 20-30x the average salary and junior devs are making 24k USD per year out of uni there. Compare that to 35k USD in Canada.

I think if anything, the decreased concerns about hiring remote AND the increase in overall demand has lead to very favorable conditions for engineers even abroad.

Re: “Great resignation” wave coming for companies

#990

Post by tgtweak »

screye wrote: post #353
tgtweak wrote: post #289

Earlier quoted context omitted.

I appreciate the alternative perspective and productive-pessimism, but anecdotally in my immediate social circle of engineers, 5 have changed jobs - all for substantial upgrades, and not 1 of them was for a job that required office presence or downgrade in quality of environment. The last year has been so strong for online tech that there is a heavy vacuum effect on the available talent. FAANG are struggling to fill…

Agreed. My point was more about taking a break or negotiating better QOL. My anecdotal experience is similar to yours in terms of compensation. However, I haven't seen anyone be able to negotiate lower hours, more vacation or periodic employment that would allow them to pursue the 'RE' once they have reached the 'FI' of FIRE. Lifestyle creep only moves in one direction and is usually permanent.

Yeah I will agree on this - higher pay higher stakes usually. I know a few that moved out of 996 companies and are much MUCH happier, and better compensated. One used the offer to solicit a counter-offer and extra vacation time at her current role so I guess it's not all terrible.
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