Is $800 a year a lot? Invested for 30 years with a 8% return it will be $100k or maybe $300/month in safe withdrawals. Im not trying to beg a question here... Really is that a lot of money? $300 isn't enough to live on…
We are not back in a yo-yo compared to the 19th century. We are two recessions apart from the longest period of continued growth in US history (1990's). Then there was a recession in 2001, and then another in…
My personal pet peeves with HN is that there is a vocal minority that is completely dismissive of the entire field of economics. Obviously, the field has pluses and minuses, but it's nuts there are people that…
Actually, Keyenes correctly predicted some of the main reasons WWII happened. If more world leaders had listened to him, then we probably could have prevented world war 2. He predicted that after WWI that the…
Recessions have become increasingly less frequent since Keyenes. I think there may be an argument around the US experiencing fewer, but greater in magnitude recessions, but im not sure of the specifics.
Does this work for your entire career or does it only work until you hit some kind of "salary cap" for your local market? I've had a few good raises in a short period of time, but I'm scared I can realistically only get…
I'm not a lawyer, but I think this highly depends on the state you are in. From my googling, judges in my Midwestern state are very reluctant to strike down any kind of contract made between two adults.
I agree with everything you just said, but its also an average across age groups. It would not surprise me to see many 40year old workers getting 1% yearly raises for the rest of their career. What would surprise me is…
Those wage growth numbers discussed are an average. It would be very strange to have someone not have any significant raises between year 0 of their career and year 10.
All I can say is that my repayment plan is speeding up and not slowing down.
Minimum student loan payments are fixed while your income should grow. What starts out as 20% of your first paycheck won't be 20% by year five.
Who are you angry at? My loans will be paid off in less than four years from now (7 total) and possibly as little as two more years (if I can figure out how to not eat out so much...). My college education was a…
Funny, no one has ever asked me whether or not I own a brand new car or own my own house in a job interview. However, every interview has asked me about my college education. Maybe you are the one who needs to…
I'm sorry I wasn't clear. You are making the world out to be a false dichotomy, either you spend $100k or 0 for a college education. One means you are broke and the other means you can buy a fancy car and a house. My…
I take a lot of pride in my liberal arts education and how it shaped my world view. I would never in a thousand years trade it in for a car and a house... And it cost less too.
It's silly to say that a student should only go to college if they can afford to do it with no loans. I think a large part of the "student loan" problem is that we don't talk about income enough. It is completely…
Do FAANG companies train software developers? I think they are big enough and opinionated enough organizations that they might be better at training a "FAANG quality developer" in a year or so than current University…
Right, so the "AI" is not finding the best candidates, but instead finding candidates that succeed in the old hiring process. What I'd like to see (though I'm sure this would get me laughed out of a manager's office)…
Was the 5x thing Google's fault or LG's? I blamed LG and I won't buy another one of their phones for awhile. I was going to put up with my 5x until the pixel 3 came out, but it became unbearably slow to use as of this…
I loved using Mathematica in college. It was the first programming language I ever really used to make some cool things. I wish it was more accessible. I think one of the requirements of my dream job would be a work…
The 7% is referring to the rate of return on your investments. He is making the assumption that if you invest $100 in the stock market on January 1, then on Dec 31 your account will have $107 in it. This assumption is…
I don't think so. I think the actual headline (after IBM's pr machine gets involved) will be, "IBM successfully limits spinach e coli outbreak to only 56 people across seven states."
How? It shows divorce rates have fallen over the last ten years for all age groups except the oldest.
I got a severance package from a part time bank teller job after they closed the branch I worked at. I also got a severance package when a small business I worked at went under. I'd say severance packages are a lot more…
The law of supply and demand is a law, but many people don't understand that it is a law in a very basic economic model with major assumptions. If you remove the assumptions in real life, then of course the law will no…
Is $800 a year a lot? Invested for 30 years with a 8% return it will be $100k or maybe $300/month in safe withdrawals. Im not trying to beg a question here... Really is that a lot of money? $300 isn't enough to live on…
We are not back in a yo-yo compared to the 19th century. We are two recessions apart from the longest period of continued growth in US history (1990's). Then there was a recession in 2001, and then another in…
My personal pet peeves with HN is that there is a vocal minority that is completely dismissive of the entire field of economics. Obviously, the field has pluses and minuses, but it's nuts there are people that…
Actually, Keyenes correctly predicted some of the main reasons WWII happened. If more world leaders had listened to him, then we probably could have prevented world war 2. He predicted that after WWI that the…
Recessions have become increasingly less frequent since Keyenes. I think there may be an argument around the US experiencing fewer, but greater in magnitude recessions, but im not sure of the specifics.
Does this work for your entire career or does it only work until you hit some kind of "salary cap" for your local market? I've had a few good raises in a short period of time, but I'm scared I can realistically only get…
I'm not a lawyer, but I think this highly depends on the state you are in. From my googling, judges in my Midwestern state are very reluctant to strike down any kind of contract made between two adults.
I agree with everything you just said, but its also an average across age groups. It would not surprise me to see many 40year old workers getting 1% yearly raises for the rest of their career. What would surprise me is…
Those wage growth numbers discussed are an average. It would be very strange to have someone not have any significant raises between year 0 of their career and year 10.
All I can say is that my repayment plan is speeding up and not slowing down.
Minimum student loan payments are fixed while your income should grow. What starts out as 20% of your first paycheck won't be 20% by year five.
Who are you angry at? My loans will be paid off in less than four years from now (7 total) and possibly as little as two more years (if I can figure out how to not eat out so much...). My college education was a…
Funny, no one has ever asked me whether or not I own a brand new car or own my own house in a job interview. However, every interview has asked me about my college education. Maybe you are the one who needs to…
I'm sorry I wasn't clear. You are making the world out to be a false dichotomy, either you spend $100k or 0 for a college education. One means you are broke and the other means you can buy a fancy car and a house. My…
I take a lot of pride in my liberal arts education and how it shaped my world view. I would never in a thousand years trade it in for a car and a house... And it cost less too.
It's silly to say that a student should only go to college if they can afford to do it with no loans. I think a large part of the "student loan" problem is that we don't talk about income enough. It is completely…
Do FAANG companies train software developers? I think they are big enough and opinionated enough organizations that they might be better at training a "FAANG quality developer" in a year or so than current University…
Right, so the "AI" is not finding the best candidates, but instead finding candidates that succeed in the old hiring process. What I'd like to see (though I'm sure this would get me laughed out of a manager's office)…
Was the 5x thing Google's fault or LG's? I blamed LG and I won't buy another one of their phones for awhile. I was going to put up with my 5x until the pixel 3 came out, but it became unbearably slow to use as of this…
I loved using Mathematica in college. It was the first programming language I ever really used to make some cool things. I wish it was more accessible. I think one of the requirements of my dream job would be a work…
The 7% is referring to the rate of return on your investments. He is making the assumption that if you invest $100 in the stock market on January 1, then on Dec 31 your account will have $107 in it. This assumption is…
I don't think so. I think the actual headline (after IBM's pr machine gets involved) will be, "IBM successfully limits spinach e coli outbreak to only 56 people across seven states."
How? It shows divorce rates have fallen over the last ten years for all age groups except the oldest.
I got a severance package from a part time bank teller job after they closed the branch I worked at. I also got a severance package when a small business I worked at went under. I'd say severance packages are a lot more…
The law of supply and demand is a law, but many people don't understand that it is a law in a very basic economic model with major assumptions. If you remove the assumptions in real life, then of course the law will no…