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Just gotta stay safe and count your blessings. S178 probably did a good part in driving tech to be the canary in the coalmine of the new "forever layoff" model.
by johnnyanmac 2mo ago
Just gotta stay safe and count your blessings. S178 probably did a good part in driving tech to be the canary in the coalmine of the new "forever layoff" model. That was a political decision that affected a lot of us.
even if that wasn't, I'm sure you were hit by higher prices for everything We're all being hit, it just depends on a bit of luck and how financially ready we are to buffer the storm. Most people unfortunately aren't.
- smolder 2mo agoCan you be more specific about what S178 you're referring to? There were several results.
- johnnyanmac 2mo agoMe using the right number would have helped. My apologies, I meant Section 178, not 174 https://www.law.cornell.edu/uscode/text/26/174 https://www.law.cornell.edu/uscode/text/26/174 As a TLDR it's a way to amortize taxes for R&D over 5 years. High interest rates hit everyone, but this was a sneaky little code that would more specifically hit places like Software. setup to end in 2022 by the first trump administration, it was one of those "well they'll just renew it, right? And then they... Didn't. So yeah, 2022-2025 made it cost a lot more to hire SWEs than usual. The only silver lining of the "One Big Beautiful Bill" is that it ended up bringing back S174 for domestic labor. But companies are quick to tear down (and still have half a dozen reasons to tear down) and slow to build back up.