We’re responsible for all their bad financial decisions and reap none of the benefits on occasions where these morons somehow make money despite themselves because of the ungodly momentum of this dumbass system
Privatize profits, socialize losses.
This is the law of the land.
During COVID: we made record profits!!! But we can’t afford to give anyone raises
During AI: We spent too much money on tokens. So we can’t afford to give anyone raises.
Its been every year since I’ve been aware of the concept
Company newsletter : Fantastic news everyone! We’ve broken the record for highest profit growth again and we couldnt have done it withou5 your help! Here’s to another amazing year!
Meeting a week later : its no secret the economy is in trouble, and we’re not immune either, there will be no bonuses or raises, and we will have to start looking at cutbacks
There is a reason I have always argued for a larger base salary and less of the other parts. I don’t care about the bonus, I don’t care about equity, I don’t care about stock options. I’ve been screwed on each and every one of those in one way or another but never the base.
Does that mean I’ve ever hit it as lucky or as big as my peers? Sadly no, but I’ve also had a hell of a lot less stress and have still managed to carve out a very comfortable life.
“Total compensation” and “initial salary” are words that I don’t need to pay attention to in negotiations.
I’m not in sales and I’m not in leadership. My bonus is not going to buy me a car. I need that salary.
Yet our economy is now entirely wrapped up in the circular billing these companies are doing. The next 10 years is gonna suck
That article is AI written…
How do you know this? It says it was written by Victor Tangermann
Read one of his 2020 and compared it to this one. This one is definitely AI written or at least AI edited.
The article has several em-dashes. AI uses them all the time and people never do
I genuinely use em dashes all the time. I’ve been using em dashes since before I knew they were called em dashes
NO RAISE FOR YOU!
So when are we going to start eating the CEO’s? They are already building bunkers, waiting for our herd to thin.
The needs of employees are now considered externalities.
There are shorter ways to say “shoot me.”
I’ll just leave this here:
Quick! Switch from token maxing to token minning…
We’re trying like hell to get rid of you - the liabilities (employees). We’ll die trying if we must.