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by xyzzy_plugh 1384 days ago
That's great for you, but this is rarely, if ever, logical for the employee. This is very much a "you should be happy with your stable, lower wage job because it's stable" argument that is frequently used to suppress wage increases.

As an employee, the only thing that really matters is the dollars flowing out of your account into mine on a regular basis. Trust, job security, growth opportunities, work life balance... they're all just words until they're not. Unless you're willing to sign a multi-year contract guaranteeing job security, put your money where your mouth is or I'm out the door as soon as greener pastures present themselves. And in this industry, there's always greener pastures.

> We've had two good employees leave in good times for less work for more money. Both came back after a few years when boom business cycles that drove that dislocation reverted to the mean.

Sounds like they were properly maximizing their opportunity.

Alternatively, give people job security and also pay them what they deserve. It works even better than whatever "the mean" is.

2 comments

To add to this, There is no guarantee that the company that makes you hustle doesn't simply lay you off in the bad times anyway. I'd much rather earn an extra 20% for 5 years and have 1 extra year's cash in the bank, then work in a "stable" environment that may or may not think I'm worth having around in 5 years.
>Trust, job security, growth opportunities, work life balance... they're all just words

Or not, if you have been at a good company where people got treated well, with good bonuses, great healthcare, tons of time off and job security during recessions and times when an unscrupulous company could have fired people.

A lot of people are asserting that companies and business owners are physically and psychologically incapable of anything except slitting throats at the earliest opportunity.

I mean....what's a realistic split on this? 95/5 bad to good? If these unicorn companies exist those jobs are vanishingly rare because people wouldn't move, correct? Im 'young' and I don't know I would ever give a company the benefit of the doubt. Been screwed too many times
I've worked at a private fortune 100 company and a publicly traded company and both had their ups and downs. I get compensated substantially more at the public one, but as a consultant of sorts, the work ethic and vacation expectations are a bit more... Documented. Either way, I must have been lucky to have 10 of 12 years with entirely competent and hard working managers, good vacation and so on. I liked almost every coworker I've had and pre COVID, we would get lunch or coffee together every day and chat about work and life.

If anything, I've lost some sense of purpose and direction, partially due to societal upheaval and partially due to depression and burnout. But I have never hated my job or been afraid of losing it.

> Or not, if you have been at a good company where people got treated well, with good bonuses, great healthcare, tons of time off and job security during recessions and times when an unscrupulous company could have fired people.

Unless you have this in ink or blood it's not guaranteed any more so than at a bad company where people get treated horribly.

Don't ever delude yourself into believing that the paradise of today will survive to see tomorrow. All the best companies even include this in their financial statements:

> Past performance is not indicative of future results.

We've been living in the very good times.