Bad Economic Predictions
Bad Economic Predictions
I keep hearing two different types of stories:
1. Places can't find employees willing to work for what they want to pay (they gotta pay more)
2. Places that are cutting incentives and shit, making employees quit faster.
What does this mean in a time of quickly rising economic inflation? Seems like 2 storm fronts are merging.
1. Places can't find employees willing to work for what they want to pay (they gotta pay more)
2. Places that are cutting incentives and shit, making employees quit faster.
What does this mean in a time of quickly rising economic inflation? Seems like 2 storm fronts are merging.
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
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Bad Economic Predictions
A company I will not name (you've probably never heard of it) starts every all-hands meeting talking about record quarters with phenomenal (like, 100%y/y) growth, and also recently raised a large round of capital...yet is giving out 3% raises. Literally paying top-performing engineers (who have years of product and domain knowledge) less than what is budgeted for open reqs.GORDON wrote: ↑Thu Jan 13, 2022 12:04 pm I keep hearing two different types of stories:
1. Places can't find employees willing to work for what they want to pay (they gotta pay more)
2. Places that are cutting incentives and shit, making employees quit faster.
What does this mean in a time of quickly rising economic inflation? Seems like 2 storm fronts are merging.
No idea if this is just incompetence or a clever 4-d chess strategy.
Bad Economic Predictions
It's crazy. "Thanks for making us successful, and a shitload of money. Also, fuck you. But here's to more great quarters! Fuck your mothers. Enjoy the pizza party."
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
Is it a company where you work?thibodeaux wrote: ↑Fri Jan 28, 2022 4:40 pm A company I will not name (you've probably never heard of it) starts every all-hands meeting talking about record quarters with phenomenal (like, 100%y/y) growth, and also recently raised a large round of capital...yet is giving out 3% raises. Literally paying top-performing engineers (who have years of product and domain knowledge) less than what is budgeted for open reqs.
I got a 0% raise if that makes anyone feel better. Although, my bonus was pretty good.
It's not me, it's someone else.
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Bad Economic Predictions
Not important.
That's true, this company did give a pretty good bonus. But still. Open req for a "grade 7" (aka "Senior") software engineer for a salary more than that being paid to "grade 8" (aka "Staff") engineers, who are consistently top performers. Many such cases.I got a 0% raise if that makes anyone feel better. Although, my bonus was pretty good.
Bad Economic Predictions
Salary compression happens. Everywhere I've been you have to make noise, often with a competing offer, to get anything done, assuming moderate-big company.thibodeaux wrote: ↑Fri Jan 28, 2022 7:07 pm But still. Open req for a "grade 7" (aka "Senior") software engineer for a salary more than that being paid to "grade 8" (aka "Staff") engineers, who are consistently top performers. Many such cases.
It's not me, it's someone else.
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Bad Economic Predictions
I guess but it seems so myopic. The corollary, of course, is that anybody who isn't hopping jobs every few years is leaving a LOT of money on the table.TheCatt wrote: ↑Fri Jan 28, 2022 7:37 pmSalary compression happens. Everywhere I've been you have to make noise, often with a competing offer, to get anything done, assuming moderate-big company.thibodeaux wrote: ↑Fri Jan 28, 2022 7:07 pm But still. Open req for a "grade 7" (aka "Senior") software engineer for a salary more than that being paid to "grade 8" (aka "Staff") engineers, who are consistently top performers. Many such cases.
-- The guy who worked at the same company for 13 years...
Bad Economic Predictions
Yep. Especially in technology these past several years. And especially now that a lot of big tech companies are going remote.thibodeaux wrote: ↑Sat Jan 29, 2022 7:34 am The corollary, of course, is that anybody who isn't hopping jobs every few years is leaving a LOT of money on the table.
I hired someone out of college 1.5 years ago, and he makes an obscene amount of $$$, imho. Light years past where I was at that age.
It's not me, it's someone else.
Bad Economic Predictions
Sell any stock you have in companies that make air fryers. Repair guy came out today and we were chatting. New ovens are starting to come with air fryer features.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
It's not me, it's someone else.
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Bad Economic Predictions
See also: Chick Fil A
Bad Economic Predictions
That's exactly what popped into my head when I was reading this.
It's not me, it's someone else.
Bad Economic Predictions
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
Private school teaching positions have always struck me as boutique jobs, for people who don't need the money. I asked my girlfriend how many of her Montessori peers married rich.... she said almost all of them. And that's why she needs three jobs, with a full-time tenured teaching position at a private school.
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
Most of the teachers I had at private school were not rich, nor married rich.
But, they liked having their kids go there for free.
It was my understanding that private schools actually paid less, but were just more pleasant to work at.
But, they liked having their kids go there for free.
It was my understanding that private schools actually paid less, but were just more pleasant to work at.
It's not me, it's someone else.
Bad Economic Predictions
"more pleasant to work at" is why she avoids the public schools, which pay 2-3x more, but have union and administration headaches. She feels like she can make a difference at Montessori.
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
What's this I'm hearing about Congress discussing capping nurse pay? Apparently TikTok is filling up with nurses now discussing a nationwide strike.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”