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(My Northwest)   Seattle's homeless problem is about to get a whole lot worse   (mynorthwest.com) divider line
37
    More: Scary, Boeing, Seattle, Washington, Ursula Show, huge companies, Boeing Company, inevitable consequence, Chief Economist  
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2128 clicks; posted to Business » on 11 Nov 2022 at 6:05 AM (18 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



37 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
Tyrone Slothrop
2022-11-11 6:39:58 AM  
Maybe throwing free money at techbros isn't the wisest thing to do.
 
malle-herbert
2022-11-11 6:51:06 AM  
Will they be standing on the sidewalk holding up signs that say "will code for food" ?
 
Bovine Diarrhea Virus
2022-11-11 7:03:31 AM  

Tyrone Slothrop: Maybe throwing free money at techbros isn't the wisest thing to do.


My oldest stepdaughter works with companies trying to develop blockchain technology and Web3 (whatever the f*ck that is).  They seem to pay her really well, but she always gets downsized/let go/forced quit/fired.  It's almost like these companies overpromise, overwork then fire your ass when they've had enough of paying you.
 
Wine Sipping Elitist [TotalFark]
2022-11-11 7:50:56 AM  
Getting let go from a Tier 1 tech company isn't always a bad thing. First, you'll probably get a couple of months of paid vacation. Next, it looks great on your resume so other companies will want to snatch you up, throw money at you, just to say they have someone from $company.

The people who will suffer are those folks making $300k+/year but bought $1,000,000 homes and live paycheck to paycheck. Those people would have been in trouble no matter how much they make because they live for today only.
 
Zeb Hesselgresser
2022-11-11 7:54:05 AM  
media.tenor.comView Full Size
 
TheSubjunctive
2022-11-11 8:03:11 AM  

Wine Sipping Elitist: The people who will suffer are those folks making $300k+/year but bought $1,000,000 homes and live paycheck to paycheck.


Them and the H1-Bs of course.  Even the shiatshops who do H1-B sponsorships all the time (Tata, Infosys) have a hard time meeting that 60-day grace period.
 
tricycleracer
2022-11-11 8:03:55 AM  
The 21st equivalent of the mine closing.
 
tricycleracer
2022-11-11 8:04:33 AM  

tricycleracer: The 21st equivalent of the mine closing.


*century
 
Zeb Hesselgresser
2022-11-11 8:08:03 AM  
"This is a natural, inevitable consequence of the last three to four or five years, when the pandemic hit and everyone shut down, the economy collapsed, and the government did what they had to do."

Fark user imageView Full Size
 
AmbassadorBooze
2022-11-11 8:09:13 AM  
Have Biden EO that any company valued at over 10 million dollars In the last 180 days cannot fire or lay off any employees.

Problem solved
 
fragMasterFlash [TotalFark] [OhFark]
2022-11-11 8:32:44 AM  
Old ass Harley riding microphone jockeys like Spike might be fun to listen to on your favorite Boomer rock station but they don't know farkall more about the situation than your typical drunk uncle.
 
twistedsteel5252
2022-11-11 8:40:21 AM  
...except that the jobs market is pretty strong stubby.
 
Ishkur [OhFark]
2022-11-11 8:43:29 AM  

Bovine Diarrhea Virus: My oldest stepdaughter works with companies trying to develop blockchain technology and Web3 (whatever the f*ck that is).


For what?

What do they think blockchain will do for them that a standard RDBMS can't do?
 
Madcaplaff
2022-11-11 9:10:51 AM  
Won't someone think of the downtrodden, overpaid, entitled software "engineers"?
 
Bovine Diarrhea Virus
2022-11-11 9:12:33 AM  

Ishkur: Bovine Diarrhea Virus: My oldest stepdaughter works with companies trying to develop blockchain technology and Web3 (whatever the f*ck that is).

For what?

What do they think blockchain will do for them that a standard RDBMS can't do?


I honestly have no idea. I never ask about her job because she gets really pretentious about it. You aren't a neurosurgeon. Whatever she does is not impressive to me. Especially when she constantly texts me about "missing out on investing in crypto". F*ck that.
She just thinks her profession will let her retire young and afford her a yacht on the Mediterranean. Maybe it will. Maybe it won't.
 
FormlessOne
2022-11-11 9:14:46 AM  

twistedsteel5252: ...except that the jobs market is pretty strong stubby.


The article is less "techbros in the street, yo" and more "techbros not in Starbucks, yo." Without workers to keep all those symbiotic (or parasitic, depending on your view) businesses that provide goods & services to the tech folks that work downtown and, especially, in the SLU, there's going to be a lot of tax revenue that the city's just not going to get.

Hell, Amazon alone owns & rents quite a bit of Seattle. We're talking all or part of at least 35 buildings in around Denny Way & Westlake Ave N., if memory serves, as their "campus" and more than a little of that is sitting idle & empty right now. That's a lot of goods & services going un-purchased and un-used.
 
Ishkur [OhFark]
2022-11-11 9:28:46 AM  

Bovine Diarrhea Virus: Ishkur: Bovine Diarrhea Virus: My oldest stepdaughter works with companies trying to develop blockchain technology and Web3 (whatever the f*ck that is).

For what?

What do they think blockchain will do for them that a standard RDBMS can't do?

I honestly have no idea. I never ask about her job because she gets really pretentious about it. You aren't a neurosurgeon. Whatever she does is not impressive to me. Especially when she constantly texts me about "missing out on investing in crypto". F*ck that.
She just thinks her profession will let her retire young and afford her a yacht on the Mediterranean. Maybe it will. Maybe it won't.


Is she a Solidity developer? Or just a tech enthusiast?
 
OccamsWhiskers
2022-11-11 9:30:53 AM  

Wine Sipping Elitist: The people who will suffer are those folks making $300k+/year but bought $1,000,000 homes and live paycheck to paycheck.


I think in Seattle a "$1,000,000 home" has just been called "a home" for years now.
 
proteus_b
2022-11-11 10:05:19 AM  

Wine Sipping Elitist: Getting let go from a Tier 1 tech company isn't always a bad thing. First, you'll probably get a couple of months of paid vacation. Next, it looks great on your resume so other companies will want to snatch you up, throw money at you, just to say they have someone from $company.


It's not that great. For the ones leaving tier 1 firms lately, they have to spend extra time in the shower washing themselves from all the LinkdIn circle-jerking that's been going on. There's nothing that resonates deeper with Americans about the unfairness of life and capitalism than hearing about some 28-year old losing their 500k per year job, with only several months severance and a giant network of people to help them find an acceptable 300k per year job to tide themselves over. Hopefully Biden can use the treasury to make them whole.

I do feel bad for the H1Bs though, many of them are screwed.
 
Chabash
2022-11-11 10:10:27 AM  

AmbassadorBooze: Have Biden EO that any company valued at over 10 million dollars In the last 180 days cannot fire or lay off any employees.

Problem solved


I'd settle for the WARN act to have sharper teeth.
 
Bovine Diarrhea Virus
2022-11-11 10:23:38 AM  

Ishkur: Bovine Diarrhea Virus: Ishkur: Bovine Diarrhea Virus: My oldest stepdaughter works with companies trying to develop blockchain technology and Web3 (whatever the f*ck that is).

For what?

What do they think blockchain will do for them that a standard RDBMS can't do?

I honestly have no idea. I never ask about her job because she gets really pretentious about it. You aren't a neurosurgeon. Whatever she does is not impressive to me. Especially when she constantly texts me about "missing out on investing in crypto". F*ck that.
She just thinks her profession will let her retire young and afford her a yacht on the Mediterranean. Maybe it will. Maybe it won't.

Is she a Solidity developer? Or just a tech enthusiast?


Seems like a tech enthusiast. Every time she tried to explain Web3 or Blockchain, I feel like I understood it less. I question if anyone really understands it.
She was an English major in college, so I really don't know how she got into this business.
 
Mad_Radhu
2022-11-11 10:24:07 AM  
On the bright side, I'm hoping I'll be able to negotiate a much better deal on my rent next year.
 
Linux_Yes
2022-11-11 10:34:04 AM  

Tyrone Slothrop: Maybe throwing free money at techbros isn't the wisest thing to do.


free corporate money is thrown at capital hill congressmen every day.  so what's the problem??
 
Linux_Yes
2022-11-11 10:40:07 AM  

twistedsteel5252: ...except that the jobs market is pretty strong stubby.


at least that is what the corporate owned press is saying, with the government's complicity.
 
Linux_Yes
2022-11-11 10:40:46 AM  

Mad_Radhu: On the bright side, I'm hoping I'll be able to negotiate a much better deal on my rent next year.


lolzzz

good one
 
Linux_Yes
2022-11-11 10:42:20 AM  

proteus_b: Wine Sipping Elitist: Getting let go from a Tier 1 tech company isn't always a bad thing. First, you'll probably get a couple of months of paid vacation. Next, it looks great on your resume so other companies will want to snatch you up, throw money at you, just to say they have someone from $company.

It's not that great. For the ones leaving tier 1 firms lately, they have to spend extra time in the shower washing themselves from all the LinkdIn circle-jerking that's been going on. There's nothing that resonates deeper with Americans about the unfairness of life and capitalism than hearing about some 28-year old losing their 500k per year job, with only several months severance and a giant network of people to help them find an acceptable 300k per year job to tide themselves over. Hopefully Biden can use the treasury to make them whole.

I do feel bad for the H1Bs though, many of them are screwed.


except the one's who will work for 7 dollars an hour and no bathroom breaks.
 
proteus_b
2022-11-11 10:52:16 AM  

Linux_Yes: proteus_b: Wine Sipping Elitist: Getting let go from a Tier 1 tech company isn't always a bad thing. First, you'll probably get a couple of months of paid vacation. Next, it looks great on your resume so other companies will want to snatch you up, throw money at you, just to say they have someone from $company.

It's not that great. For the ones leaving tier 1 firms lately, they have to spend extra time in the shower washing themselves from all the LinkdIn circle-jerking that's been going on. There's nothing that resonates deeper with Americans about the unfairness of life and capitalism than hearing about some 28-year old losing their 500k per year job, with only several months severance and a giant network of people to help them find an acceptable 300k per year job to tide themselves over. Hopefully Biden can use the treasury to make them whole.

I do feel bad for the H1Bs though, many of them are screwed.

except the one's who will work for 7 dollars an hour and no bathroom breaks.


Yeah that's not really a thing but I would feel bad for them as well. The problem with layoffs for H1Bs is that they only have 60 days to find another employer to sponsor them. Unless they were about to change jobs anyway, it's a tough transition to make. Especially since many companies have hiring freezes.
 
SiriusClown
2022-11-11 10:52:44 AM  

Zeb Hesselgresser: "This is a natural, inevitable consequence of the last three to four or five years, when the pandemic hit and everyone shut down, the economy collapsed, and the government did what they had to do."

[Fark user image 279x180]


Oh Zeb, I forgot you were here. You may go now.
 
DHT3
2022-11-11 11:25:32 AM  
Conversely, it could be a great thing for Seattle. These people being laid off can find work elsewhere, including outside of Seattle, reducing demand on the housing market, and making it more affordable and by extension easier to find housing for the homeless.
 
TedCruz'sCrazyDad
2022-11-11 11:27:14 AM  

proteus_b: Linux_Yes: proteus_b: Wine Sipping Elitist: Getting let go from a Tier 1 tech company isn't always a bad thing. First, you'll probably get a couple of months of paid vacation. Next, it looks great on your resume so other companies will want to snatch you up, throw money at you, just to say they have someone from $company.

It's not that great. For the ones leaving tier 1 firms lately, they have to spend extra time in the shower washing themselves from all the LinkdIn circle-jerking that's been going on. There's nothing that resonates deeper with Americans about the unfairness of life and capitalism than hearing about some 28-year old losing their 500k per year job, with only several months severance and a giant network of people to help them find an acceptable 300k per year job to tide themselves over. Hopefully Biden can use the treasury to make them whole.

I do feel bad for the H1Bs though, many of them are screwed.

except the one's who will work for 7 dollars an hour and no bathroom breaks.

Yeah that's not really a thing but I would feel bad for them as well. The problem with layoffs for H1Bs is that they only have 60 days to find another employer to sponsor them. Unless they were about to change jobs anyway, it's a tough transition to make. Especially since many companies have hiring freezes.


Tying the visa to a specific company only benefits the company. But that's the way the corporate master want it.
 
TomDooley
2022-11-11 11:27:26 AM  
Less jobs means less demand for housing. Less demand for housing means less homelessness.  I'm reminded that for over the past 10 years the Bay Area has added on average 10,000 new jobs per month.  Releasing some pressure will be beneficial in the long run.
 
shinji3i
2022-11-11 11:50:46 AM  

Zeb Hesselgresser: "This is a natural, inevitable consequence of the last three to four or five years, when the pandemic hit and everyone shut down, the economy collapsed, and the government did what they had to do."

[Fark user image image 279x180]


But he didn't vote Republican, Republicans who were in charge and caused the shutdowns in 2020...do you say stuff like this
media.tenor.comView Full Size

?
 
AmbassadorBooze
2022-11-11 12:56:58 PM  

Chabash: AmbassadorBooze: Have Biden EO that any company valued at over 10 million dollars In the last 180 days cannot fire or lay off any employees.

Problem solved

I'd settle for the WARN act to have sharper teeth.


That only delays the problem for 60 days.

Mega corps need to keep their employees for life, unless the employee voluntarily leaves.  And they need gauranteed raises.  If we allow mega corps to exist, and we subsidize them, they need to fulfill the employment needs of the nation.  Otherwise we should stop subsidizing them and break them up.

Don't try to solve problems with half measures.  Solve problems permanently.

Problem solved.
 
yet_another_wumpus
2022-11-11 4:53:52 PM  

Ishkur: Bovine Diarrhea Virus: My oldest stepdaughter works with companies trying to develop blockchain technology and Web3 (whatever the f*ck that is).

For what?

What do they think blockchain will do for them that a standard RDBMS can't do?


All the cool stock brokers are throwing money at techbros using blockchain.  They don't realize that the blockchain is the equivalent of burning $100 bills to power your database (but less green).  Or maybe they do, but really want to seen as following the cool thing to get you to give them more money to throw.

Nobody wants to be seen throwing money at a RDMBS.
 
Fark_Guy_Rob
2022-11-11 6:14:24 PM  
It's like the generally held mainstream views and everything are always ridiculously extreme. Tech was grossly overhyped for years, and now the doom and gloom is too.

Seattle will be just fine.

Tech workers still have lower than the median unemployment rates. These companies are still huge powerhouses and much of the losses we are taking about were just imaginary valuations that never made sense.

Meta and Twitter aren't really representation of the market. Both are dumpster fires. Even so, Meta dropped 11k employees.

Five years agoish - 2018 Meta had 35k employees. In 2020 they had 58k in 2021 it was 72k and they were well into the 80s before they let go of 11k. And everyone is saying 'Wow! 13% that's huge!'

Big deal. They are back to their 2021 levels and even that number represented insane year over year over year growth.

So many tech companies are similar. Year after year after year of historic growth and huge stock gains...my employer's stock has tanked like 50% but it's still drastically higher than I would have guessed when I started five years ago.

Everyone is freaking out about these losses but they seem to have lost perspective.

And Meta's problem is Zuck doubling down on a crappy VR second life nobody wants.
 
BlazeTrailer
2022-11-11 6:28:37 PM  

TedCruz'sCrazyDad: proteus_b: Linux_Yes: proteus_b: Wine Sipping Elitist: Getting let go from a Tier 1 tech company isn't always a bad thing. First, you'll probably get a couple of months of paid vacation. Next, it looks great on your resume so other companies will want to snatch you up, throw money at you, just to say they have someone from $company.

It's not that great. For the ones leaving tier 1 firms lately, they have to spend extra time in the shower washing themselves from all the LinkdIn circle-jerking that's been going on. There's nothing that resonates deeper with Americans about the unfairness of life and capitalism than hearing about some 28-year old losing their 500k per year job, with only several months severance and a giant network of people to help them find an acceptable 300k per year job to tide themselves over. Hopefully Biden can use the treasury to make them whole.

I do feel bad for the H1Bs though, many of them are screwed.

except the one's who will work for 7 dollars an hour and no bathroom breaks.

Yeah that's not really a thing but I would feel bad for them as well. The problem with layoffs for H1Bs is that they only have 60 days to find another employer to sponsor them. Unless they were about to change jobs anyway, it's a tough transition to make. Especially since many companies have hiring freezes.

Tying the visa to a specific company only benefits the company. But that's the way the corporate master want it.


Hence, why any of our usual contract-to-hire funnels tend to be loaded with H1Bs. And why it was a pain in the ass to transition them to FTE.
 
paulleah
2022-11-12 1:29:21 AM  

OccamsWhiskers: Wine Sipping Elitist: The people who will suffer are those folks making $300k+/year but bought $1,000,000 homes and live paycheck to paycheck.

I think in Seattle a "$1,000,000 home" has just been called "a home" for years now.


For $1,000,000 you don't even get the "me". It's just a ho.
 
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