Hope you have passive income
I’ve been saying this for a while but the golden age of tech is over. Companies have to post profits now and you can do that with revenue growth or cost cutting. San Francisco is going to look like Detroit in 25 years. Note - Detroit was one of the richest cities on earth 60 years ago. https://www.reddit.com/r/dataisbeautiful/comments/15f01pb/oc_11_months_of_job_searching/juax3je/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1&context=3
K
Alright alright alright
Op, can you roll me another one?
Recs for passive income?
What happened to Detroit ?
Apple, for example, has gross profits of $166 Billion a year. Maybe 20,000 of its 164,000 employees are engineering/ux/pm types, so it currently makes about $8 Million in profits a year for each of those 20,000 highly specialized workers, despite the current exorbitant salaries. In fact, they could pay another $1 million a year to every employee in the company — including retail workers at apple stores — and still break even. So, I wouldn’t worry about cupertino becoming the next Detroit anytime soon.
I mean hear me out- if you throw a rock at anyone making a career switch, they all say “tech.” Meanwhile, you have people willing to work 10x as hard overseas and even if the pay is less, the dollar goes much farther there. Look at companies like IBM, 40 years ago if you said you worked for them, it was like saying you were a rocket scientist at NASA or SpaceX. Now it’s a place where 5th tier companies go to purchase on price and not quality. No different.
“I’ve been saying this for a while-“. Great. There should be no point posting this again then?
Ok, sure. 🤭
Lol