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There is no way to make a mistake here because there are essentially no consequences -- entities of this scale can rehire as easily as they fire. At a lower av
by blamazon 4y ago
There is no way to make a mistake here because there are essentially no consequences -- entities of this scale can rehire as easily as they fire.
At a lower average compensation rate too, most likely. These companies are basically refinancing their labor force using cruelty and fear. It is working because they're all doing it, because we let them. System working as intended.
- juve1996 4y ago> At a lower average compensation rate too, most likely. highly doubt it. The labor force is shrinking. There's already a dearth of talented software devs. And then there will be huge upward pressure on wages from lower level jobs that now have to pay 20$ an hour to get workers.
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- ramphastidae 4y agoPeople have been saying that for 50 years and it hasn’t happened in the US. Upward pressure on wages will result in interest rate increases to manufacture unemployment and keep wages down.
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- juve1996 4y agoIt's happening right now, in front of our very eyes, as predicted. Once the population shifted, it would happen. Here we are, take it in.
- zeroonetwothree 4y ago> entities of this scale can rehire as easily as they fire. It's not exactly true. It actually takes quite a long time to hire competent employees, particularly more senior ones. Hence why it was so hard to hire in 2020-2021.
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