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h1g440rs3 t1_j5djrj0 wrote

Reply to comment by DisconnectedDays in The dichotomy of FT by Johs92

I refuse to believe they can’t make ends meet in some way. They made a high salary before, they’ll be able to get it again.

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Limonlesscello t1_j5e0929 wrote

Yea, skills don't disappear overnight lol. From what I've gathered, laid off individuals were able to garner higher salaries from smaller firms coming from the Big names.

This ain't the same as being laid off from Starbucks or Mcdonalds and having to work at Wendy's like some of you degenerates. XD

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National_Smoke4580 t1_j5egt3c wrote

Not if there are millions of other laid off “smart” people.

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Minds_Desire t1_j5ep9ps wrote

There won't be millions in the tech sector. Those skills are highly desirable at basically all levels of the economy.

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National_Smoke4580 t1_j5epgn3 wrote

If your ego allows you to work at Wendy’s with your fancy tech degree.

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Sea_Mathematician_84 t1_j5g3kgb wrote

There aren’t millions being laid off in tech. Big names laying off 10k but with the nuance being they hired 30-40k last year.

There’s about 12M tech workers in the US broadly speaking (and I mean BROADLY, as most estimates say 5-7M. **12M is all employees, including clerical corpo etc. ). If there were millions laid off we’d be talking about a catastrophic impact. Most of these people will be swept up by smaller firms and especially cybersecurity firms which pay just as well and have been taking off in the last 5 years like crazy thanks to the GDPR and other PII laws.

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ronincelwarrior t1_j5gmxel wrote

There’s also things like permanently open jobs in government for lower salaries because they need people but can’t compete with Google’s salary range. That said, demand for people who can code is basically infinite, the top tech firms laying people off are mostly cutting expensive management, junior devs, and non technical people.

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DiriboNuclearAcid t1_j5gn7i9 wrote

You can't pay a mortgage working minimum wage when you bought the house with your salary in mind. Some will say that's their fault for overextending but if it's happening across the country that's a crisis, not an individual problem.

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h1g440rs3 t1_j5h3phi wrote

Those that lost their jobs won’t work for minimum wage

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DiriboNuclearAcid t1_j5hp3cs wrote

Based off no evidence, just my personal bias. I think most people being laid off won't find another high paying job because their whole sector is laying people off. The ones who get a new high paying job will be a minority, everyone else will be taking a substantial pay cut.

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h1g440rs3 t1_j5hrhqk wrote

Lol but to minimum wage jobs?? That’s accepting nearly a 60% pay cut. That’s not likely at all.

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