4 ms·

They have debt, but they also have work contracts with out of date wages. But even in our sector, with the leverage that we as programmers have, companies don’t

They have debt, but they also have work contracts with out of date wages. But even in our sector, with the leverage that we as programmers have, companies don’t bother to match inflation. You have to make some risky or uncomfortable move to renegotiate your wage or find a new job. For many people it can be worse. So, everyone is under additional financial stress.

imtringued 4y ago
Inflation forces people to seek new jobs every few years. That is not necessarily a bad thing. The alternative is to have your boss decide for you when he wants to fire you.
- atweiden 4y ago
  > The alternative is to have your boss decide for you when he wants to fire you Just for fun, I thought I’d do the math on deflationary economics: #!/usr/bin/env raku use v6; multi sub deflate($n, $r, $y) { my $m = $n; loop (my $i = 0; $i < $y; $i++) { $m = deflate($m, $r); } $m; } multi sub deflate($n, $r) { $n * (1 + $r); } sub MAIN(:$rate = 0.0225, :$years = 10) { my $purchasing-power = 1; my $deflate = deflate($purchasing-power, $rate, $years); my $output = qq:to/EOF/.trim; After $years years of deflation at a rate of {$rate * 100}% per year, purchasing power is {$deflate * 100}% of what it was initially. EOF $output.say; } Without inflation, your personal wealth would grow by the average inflation rate target plus GDP growth, compounding each year. Assuming an average inflation rate target of 2% per year (per the Fed) and an average GDP growth rate of 0.25% per year, your real purchasing power would grow by about 25% per decade. Under this scenario, you could mimic a universal basic income of $1000 per month upon saving a total of $480,307. Bonus: your monthly “UBI” could never be shut off by your government.
  - kamaal 4y ago
    Wow! Nice to see Perl 6 in use these days!
    - R0b0t1 4y ago
      Same, very surprising. I was tracking the project for a while with great interest but they lost a lot of things that made Perl actually good at its niche. I'm amazed they made Perl look worse.
    - lizmat 4y ago
      Well, that's be Raku nowadays! #rakulang https://raku.org https://raku.org :-)
  - lizmat 4y ago
    Cool, but I couldn't resist rakufying your "deflate" subroutine: sub deflate($power is copy, $rate, $years) { $power *= 1 + $rate for ^$years; $power * 100 } sub MAIN(:$rate = 0.0225, :$years = 10) { print qq:to/EOF/; After $years years of deflation at a rate of {$rate * 100}% per year, purchasing power is &deflate(1,$rate,$years)% of what it was initially. EOF } Which I think reads quite a bit better :-)
    - atweiden 4y ago
      lizmat++ The innumerable dark-seeming corners of the language is part of what makes Raku so very, distinctly “Perl”. Little traits and single character sigils that change everything. I find the black magic of Perl моѕt all∪ring ∮.
- thatjoeoverthr 4y ago
  Nobody is talking about typical inflation. I just found a new job with a significant increase in pay and the improvement has nearly completely evaporated in months. I am nearly open to another move. With adequate inflation, your pay is wrong in weeks or days. But surely you know all this?

imtringued 4y ago

Inflation forces people to seek new jobs every few years. That is not necessarily a bad thing. The alternative is to have your boss decide for you when he wants to fire you.

atweiden 4y ago
> The alternative is to have your boss decide for you when he wants to fire you Just for fun, I thought I’d do the math on deflationary economics: #!/usr/bin/env raku use v6; multi sub deflate($n, $r, $y) { my $m = $n; loop (my $i = 0; $i < $y; $i++) { $m = deflate($m, $r); } $m; } multi sub deflate($n, $r) { $n * (1 + $r); } sub MAIN(:$rate = 0.0225, :$years = 10) { my $purchasing-power = 1; my $deflate = deflate($purchasing-power, $rate, $years); my $output = qq:to/EOF/.trim; After $years years of deflation at a rate of {$rate * 100}% per year, purchasing power is {$deflate * 100}% of what it was initially. EOF $output.say; } Without inflation, your personal wealth would grow by the average inflation rate target plus GDP growth, compounding each year. Assuming an average inflation rate target of 2% per year (per the Fed) and an average GDP growth rate of 0.25% per year, your real purchasing power would grow by about 25% per decade. Under this scenario, you could mimic a universal basic income of $1000 per month upon saving a total of $480,307. Bonus: your monthly “UBI” could never be shut off by your government.
- kamaal 4y ago
  Wow! Nice to see Perl 6 in use these days!
  - R0b0t1 4y ago
    Same, very surprising. I was tracking the project for a while with great interest but they lost a lot of things that made Perl actually good at its niche. I'm amazed they made Perl look worse.
  - lizmat 4y ago
    Well, that's be Raku nowadays! #rakulang https://raku.org https://raku.org :-)
- lizmat 4y ago
  Cool, but I couldn't resist rakufying your "deflate" subroutine: sub deflate($power is copy, $rate, $years) { $power *= 1 + $rate for ^$years; $power * 100 } sub MAIN(:$rate = 0.0225, :$years = 10) { print qq:to/EOF/; After $years years of deflation at a rate of {$rate * 100}% per year, purchasing power is &deflate(1,$rate,$years)% of what it was initially. EOF } Which I think reads quite a bit better :-)
  - atweiden 4y ago
    lizmat++ The innumerable dark-seeming corners of the language is part of what makes Raku so very, distinctly “Perl”. Little traits and single character sigils that change everything. I find the black magic of Perl моѕt all∪ring ∮.
thatjoeoverthr 4y ago
Nobody is talking about typical inflation. I just found a new job with a significant increase in pay and the improvement has nearly completely evaporated in months. I am nearly open to another move. With adequate inflation, your pay is wrong in weeks or days. But surely you know all this?