5 ms·

Why do people in HN get so upset that companies hire and fire employees? It sucks as an individual to have to deal with a layoff, but it’s the dynamic of an eco

by ITB 4y ago

Why do people in HN get so upset that companies hire and fire employees? It sucks as an individual to have to deal with a layoff, but it’s the dynamic of an economy. Optimal growth comes from over and under dampening, not from steady state.

secondcoming 4y ago
Fear most likely. ‘Learn to code’ won’t help coders who’ve been laid off.
- elforce002 4y ago
  Add to that the "AI" revolution we're living rn and voilà ! Fear a a service.
deltree7 4y ago
Yep, The amount of 'intelligent' people who are so out of touch with reality of economics, supply/demand, interest rates is mind-boggling. How did an entire generation become so entitled? Yep, these are the same people who jump companies if the other company offers $10k extra TC. So, it's not that they are saints when it comes to loyalty or money.
- jeffbee 4y ago
  Hello, typically misinformed internet person. The "entire generation" as currently understood are the least-mobile generation of employees ever recorded. A 30-year-old Millenial was only half as likely in 2020 to have switched jobs in the prior year than a 30-year-old Boomer was in 1990. Millenials of all ages had all-time-lowest probability of multiple employers in a year, compared with Gen X, Boomers, and Silent.
deleted 4y ago
[deleted]
anonymouskimmer 4y ago
A distinction needs to be made between firings (which are for cause) and mass layoffs. Companies that don't lay off employees do exist: https://www.ajobthing.com/blog/this-company-has-never-laid-off-an-employee-in-86-years--heres-how-they-do-it https://www.ajobthing.com/blog/this-company-has-never-laid-o... Being "laid off" is a novel concept that primarily exists with the formation of corporations. Prior to that most people who lost jobs knew that the job was temporary going into it. Or lost due to factors such as disability (which, admittedly, would be far worse than a modern layoff). This more modern concept of losing a job is typically very stressful, as most people's wealth support is fairly precarious. Given that there are often alternatives for a corporation there's the fact that the stress is inflicted when it need not be. So yeah, people get upset. Just like people get upset about things like cancel culture, lack of healthcare, what have you. It used to be that getting kicked out of the tribe was a last resort for the most serious of crimes. Now petite expulsions happen all of the time and we're supposed to just be okay with it?
anonymouskimmer 4y ago
> Optimal growth comes from over and under dampening, not from steady state. Really? Then why are people hoping for a "soft landing" from the Fed's interest rate dance?

by ITB 4y ago

secondcoming 4y ago

Fear most likely. ‘Learn to code’ won’t help coders who’ve been laid off.

elforce002 4y ago
Add to that the "AI" revolution we're living rn and voilà ! Fear a a service.

deltree7 4y ago

Yep, The amount of 'intelligent' people who are so out of touch with reality of economics, supply/demand, interest rates is mind-boggling. How did an entire generation become so entitled? Yep, these are the same people who jump companies if the other company offers $10k extra TC. So, it's not that they are saints when it comes to loyalty or money.

jeffbee 4y ago
Hello, typically misinformed internet person. The "entire generation" as currently understood are the least-mobile generation of employees ever recorded. A 30-year-old Millenial was only half as likely in 2020 to have switched jobs in the prior year than a 30-year-old Boomer was in 1990. Millenials of all ages had all-time-lowest probability of multiple employers in a year, compared with Gen X, Boomers, and Silent.

deleted 4y ago

[deleted]

anonymouskimmer 4y ago

A distinction needs to be made between firings (which are for cause) and mass layoffs. Companies that don't lay off employees do exist: https://www.ajobthing.com/blog/this-company-has-never-laid-off-an-employee-in-86-years--heres-how-they-do-it https://www.ajobthing.com/blog/this-company-has-never-laid-o... Being "laid off" is a novel concept that primarily exists with the formation of corporations. Prior to that most people who lost jobs knew that the job was temporary going into it. Or lost due to factors such as disability (which, admittedly, would be far worse than a modern layoff). This more modern concept of losing a job is typically very stressful, as most people's wealth support is fairly precarious. Given that there are often alternatives for a corporation there's the fact that the stress is inflicted when it need not be. So yeah, people get upset. Just like people get upset about things like cancel culture, lack of healthcare, what have you. It used to be that getting kicked out of the tribe was a last resort for the most serious of crimes. Now petite expulsions happen all of the time and we're supposed to just be okay with it?

anonymouskimmer 4y ago

> Optimal growth comes from over and under dampening, not from steady state. Really? Then why are people hoping for a "soft landing" from the Fed's interest rate dance?