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> I also don't really blame companies for being in this situation. They had to offer inflated salaries because the only alternative was to hire no one during th

> I also don't really blame companies for being in this situation. They had to offer inflated salaries because the only alternative was to hire no one during the covid boom. Then don't hire? The point of full-time is to avoid uncertainty and instability. If you want that flexibility as an employer, then pay the premium of contract developers. This is why you need to have no "right-to-work" legislation for prevent non-cause firing. And no, "I can get cheaper" is not a valid cause.

cj 2y ago
If you're optimizing for job security of a country's workforce, absolutely. If you're optimizing for economic growth, telling companies to freeze hiring when wages increase is going to result in slower growth.
- Pet_Ant 2y ago
  Stability creates economic growth. I work for a Fortune 500 company. I expect to keep working at it for the next 10 years. That means I treat my income as a revenue stream, and that if I lose my job I can find another relatively soon with a relatively similar salary. I buy cars and houses and trips and in general budget as if there is more income coming. This grows the economy. If you make employment precarious, then I'm gonna treat each pay cheque as a windfall that will be hoarded into a low-risk savings because I have no security and no idea how many more may come. This shrinks the economy. So, if you want to grow the economy it's best to reduce future uncertainty and over reacting to current events and smooth out bumps. ...and if you don't want to honor the social contract of a full-time job, then just hire contract workers. Otherwise it's just as sleazy as saying you want a relationship and then ghosting after fucking. It's gross.
  - tmcdos 2y ago
    This way of thinking is one of the reasons that led to the 2008 crisis ...
    - Pet_Ant 2y ago
      Were you even paying attention? The 2008 crisis was caused by trying to continue growth by looking for more and more people to lend to even those that didn't have the credit history to be worthy of it.
      - tmcdos 2y ago
        Almost all crises (nature ones excluded) are caused by greed, and the desire for indefinite (or continuous) growth is the usual indicator of that greed.
- tmcdos 2y ago
  Economic can't grow forever - resources are finite, time is finite, space is finite, number of people is growing slower than the economy ... The only thing that grows forever is money printing.

cj 2y ago

If you're optimizing for job security of a country's workforce, absolutely. If you're optimizing for economic growth, telling companies to freeze hiring when wages increase is going to result in slower growth.

Pet_Ant 2y ago
Stability creates economic growth. I work for a Fortune 500 company. I expect to keep working at it for the next 10 years. That means I treat my income as a revenue stream, and that if I lose my job I can find another relatively soon with a relatively similar salary. I buy cars and houses and trips and in general budget as if there is more income coming. This grows the economy. If you make employment precarious, then I'm gonna treat each pay cheque as a windfall that will be hoarded into a low-risk savings because I have no security and no idea how many more may come. This shrinks the economy. So, if you want to grow the economy it's best to reduce future uncertainty and over reacting to current events and smooth out bumps. ...and if you don't want to honor the social contract of a full-time job, then just hire contract workers. Otherwise it's just as sleazy as saying you want a relationship and then ghosting after fucking. It's gross.
- tmcdos 2y ago
  This way of thinking is one of the reasons that led to the 2008 crisis ...
  - Pet_Ant 2y ago
    Were you even paying attention? The 2008 crisis was caused by trying to continue growth by looking for more and more people to lend to even those that didn't have the credit history to be worthy of it.
    - tmcdos 2y ago
      Almost all crises (nature ones excluded) are caused by greed, and the desire for indefinite (or continuous) growth is the usual indicator of that greed.
tmcdos 2y ago
Economic can't grow forever - resources are finite, time is finite, space is finite, number of people is growing slower than the economy ... The only thing that grows forever is money printing.