Jobs, Jobs, Jobs

Texas, Arizona Have Recovered All the Jobs Lost When Covid-19 Hit

The two states along with Idaho and Utah ascended from pandemic depths, thanks to population growth, shifts by businesses and workers away from coastal urban areas

https://archive.fo/6aj63

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:eyes:

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160k limit reached in 2013 for lot of high tech jobs. Basically good that more fixed salary will be paid upfront and lesser variables part to be cashed later.

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Juggling that transition will be a nightmare. The bigger issue is the 5/15/40/40 vesting schedule for hire on grants. It sets people up to take a huge pay cut in year 5 if the stock has done well. They refreshes are much smaller or non-existent if the stock does well.

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free: https://archive.fo/bApk8

free: https://archive.fo/e6Sl0

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Do young people want to work at IBM? I can’t imagine them competing for software talent against startups, FAANG, etc.

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:joy:

Yeah right… Even I don’t want to work for IBM, and I’m old. IBM is my parent’s generation. And they’re 70.

The report identifies a marked shift in the geography of talent over the past decade away from extreme concentration in coastal superstar cities and leading tech hubs like San Francisco; San Jose, California; Washington D.C.; Boston, and New York and toward metros across the heartland and nationwide, like Austin, Texas; Minneapolis-St. Paul; Kansas City, Missouri; St. Louis; Oklahoma City; Des Moines, Iowa; Omaha, Nebraska; Columbus, Ohio; Cincinnati; Nashville, Tennessee; Ann Arbor, Michigan; Iowa City, Iowa; Auburn, Alabama and Fayetteville, Arkansas to name a few**.**

@caiguycaiguy

Good that you are getting it. Jobs, jobs, jobs. I am wondering whether @manch still refuse to see the reality.

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While the lowest starting wage of $15 an hour won’t change, pay for new employees will range as high as $24 an hour depending on the job and the local market,

Market rate for min wage job is $25. $24 is a dollar too low.
$15? Please don’t joke. Nobody work for such a low rate.
Welcome to the wage spiral and hyperinflation.
Buy RE and stocks to hedge :slight_smile:

$40k-$50k from $30k per year for min wage.

A Little-Noticed Reason Workers Quit: Too Little Work

Employers often give people less than 40 weekly hours, leading to resignations and more trouble finding workers

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The data suggests people aren’t quitting their jobs to exit the labor market and sit on the sidelines, economists said. Instead, the high level of resignation indicates a strong job market for workers with ample opportunities, they said.

Resignation rates are up most in sectors like manufacturing, leisure and hospitality, and retail trade — where demand is high and employment has been growing, Bunker said.

Quit as cook in restaurant A, join restaurant B for 10% increase in pay, quit 6 months later, join restaurant C for 10% increase in pay, quit 6 months later, join restaurant D for 10% increase in pay, …

Ditto for all other jobs.