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Experienced engineers have enough power already, no unions required
So that there are more useless overpaid people who can hopefully be laid off later? No
Pro
Tech workers make a laughable amount of money. There’s no need for a union. Sorry to say, the tech bubble popped.
That's an important distinction to make D2 - and a fair call out. I am conflating the two. Thanks for calling me out on my bullshit.
Agreed that the company valuation situation is the definite bubble out of the two. Though the two are related.
If comp is proportionate to revenue per employee and the valuation growth is a bubble then logically as valuations crawl back this should effect comp. This would be the case if valuations are based on revenue growth. It would affect it more if valuation growth was based on bottom line growth as opposed to top line because there's more of an argument for cost cutting. Though I do agree, this is less likely in the tech sector given the scarcity of genuinely skilled employees in this area.
I agree that if inflation does settle and come back down that there will be a higher likelihood of comp growth showing rather than reducing. Though this depends entirely on whether you think interest rate hikes have actually hit their peak and has curbed inflation adequately. I'm not an economist but I'm not getting much co fidence from economists on that either.
Realistically in the scenario that inflation does rocket up further then its more likely that comp reduction is the final lever to pull to introduce enough scarcity via affordability to prevent a full blown recession. A number of countries have considered this in the last couple of weeks if you're keeping up with the news. I'm not a fan of the idea given that housing growth has been outperforming comp growth by multiples in the last 30 years. Housing market sales is another solid proxy for affordability imo because it shows willingness to pay on something with undenyable intrinsic value. Thankfully we haven't seen that yet.
The thing I'd also like to point out D2 is that one of your main points is that comp won't recede it might at most just grow slower given past trends. I heard that argument for house prices in Sydney ago the time. The problem is that "history is mostly the study of surprising events". The last few months had seen that scenario play out in a big way.
Again, we're not going to know which of us is right until after the fact... and frankly if I am right I'm not exactly going to want to say "I told you so"... it affects me too if tech comp in the US recedes.
Pro
Absolutely not 🤡
Never
Nah
Chief
Why not just be good at your job if you want job security?
Chief
Tech workers don't need a union...
HB1’s are Union busters
Absolutely. They allow their bosses and companies to take advantage of them.
Hard pass.
For some reason I read this un-ionize… then I realized that’s not a word. 😂
You were a chemistry major, weren’t you?
I would leave my job if there was a union involved. I neither need nor want someone else (mis)representing me. Unions always seem to wind up with their own agendas; no way am I going to pay a colleague to sit around and be a busybody and lord it over me instead of doing actual work. We aren't underpaid factory workers: we're IT professionals.
I was in a union (used to be a cop) it can get expensive. That being said there’s pros and cons to both sides that all honestly make good points lol.
Tech doesn't need a union but most other industries do
Please
In IT Support - which always gets the brunt of everyone’s frustrations, gets zero respect from anyone, I’ve noticed a huge need for Unionization. We are asked to work insane hours (holidays, weekends), the pay isn’t necessarily fantastic for the amount of garbage we put up with.
Hence why I quit IT support