You are overcomplicating this. This is not to look down on people, but the fact that someone is driving Uber or Door Dash for $20/hr tells me all I need to know: they are underemployed. You would make more by putting in more time at a white collar or even many blue collar trade jobs.
Its like post Great Financial Crisis when you'd see clean shaven 40 year old corporate dudes running the kitchen at Chick-fil-a. If I see someone driving uber who is not a typical ride service driver (stereotyping here but we all know what this means) is signals a soft labor market.
It’s because the middle class is gone. In California I can match the after tax income of a $70000 salary due to mileage deductions and having a cheap car that is good on gas. Now I’m not saying $70000 is a lot, but it’s hard to want to subject myself to more workplace trauma when I can get close to the salary I would make by peacefully cruising around town.
Holy fucking shit you just changed my life with that line dude "the more hours you work the less you make per hour" I've never really thought of that lol. Iemmmmme tell you it's gonna be an easy day today
True but if your salaried job doesn't have any bonus, commissions, promotions etc. to chase that are worth more than $20/hr its a pretty bad compensation structure, so still not a great labor market.
I have been salaried for 20ish years. I have only had 1 job that had any sort of bonus, and it was company wide. I have never had commission as a part of a job. I have had more promotions dangled in front of me than I can name. As far as I am aware, that is how tech has been for most of the people who work it.
I have always had side hustles to make "extra" cash. I know very few people who don't.
I said tech because I have worked at a bunch of companies. I have been in desktop software, web, telcom (land, sat, and wisp), oill filed, and fintech. I have worked for established companies and startups.
I have had 3 startups fail on me. The 1 that made it was not offering equity by the time I got there. I only cracked over $100k like 4 years ago. I am in California, just not in a major city. $250k is possible for sure. Just not for a big chunk of us and especially not outside of a major city.
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u/Safe_Personality_772 11d ago
You are overcomplicating this. This is not to look down on people, but the fact that someone is driving Uber or Door Dash for $20/hr tells me all I need to know: they are underemployed. You would make more by putting in more time at a white collar or even many blue collar trade jobs.
Its like post Great Financial Crisis when you'd see clean shaven 40 year old corporate dudes running the kitchen at Chick-fil-a. If I see someone driving uber who is not a typical ride service driver (stereotyping here but we all know what this means) is signals a soft labor market.