Should companies be forced to retain talent of a certain age group? Should they be forced to retain less competent people? How do you expect this to work?
In Sweden,the Employment Protection Act, (LAS ) mandates 'last in - first out', meaning if there are layoffs due to over-capacity, people with seniority (years of employment) take priority for available positions. This is kind of partioned by profession-group, so yes you can fire nurses but keep doctors, or other way around. (Its been a while since I looked into it, but thats the rough gist of it)
Yes, and that makes working for a Swedish company so much better. You know you can’t just be shown the door at any moment after years of service and you get a lot of peace of mind which is worth more than the inflated salaries in the US. There is still a way to get rid of people, of course, but that goes a little like the Japanese do: just don’t give any important work to the person, or give them a bad performance review. People quickly understand they need to move on and they can do it with dignity.
Its a choice - work hard with minimal securities, get better salary. Heck, one can do that in many EU places when working as self-employed on contract (if legal), and be paid by just billed days, no vacations or sick days. Its actually pretty good career path in the beginning of one's career in software development, get more money and ie invest in a property. Then get more secure permanent position, coast more and enjoy and appreciate more those stability benefits.
But high economic performance this isn't. Adaptability of market to ever-changing world that certainly isn't neither. Europe is getting hammered by this and things will get much, much worse in upcoming years. We will have to revisit our comfy lazy attitude towards work, or end up being a stagnant place with 3rd world salaries and corresponding QoL.
Switzerland is doing things much better, its sort of in between both extremes and economy is reflecting this very well. But EU leaders egos will sooner accept poverty than that somebody figured out things better than them.
China is hiring engineering talent. US is firing. Nobody forces anybody to do anything. Just pointing out the current state of affairs in the long life cycle of empire. As Ray Dalio says US is very late stage declining „financial capitalism”. While China is early stage aspiring „production capitalism”. It is not like late stage declining USSR needed as many engineers as it did when it wasnt collapsing. USA is a collapsing empire. China is growing.
Should companies be forced to retain talent of a certain age group? Should they be forced to retain less competent people? How do you expect this to work?
In Sweden,the Employment Protection Act, (LAS ) mandates 'last in - first out', meaning if there are layoffs due to over-capacity, people with seniority (years of employment) take priority for available positions. This is kind of partioned by profession-group, so yes you can fire nurses but keep doctors, or other way around. (Its been a while since I looked into it, but thats the rough gist of it)
Yes, and that makes working for a Swedish company so much better. You know you can’t just be shown the door at any moment after years of service and you get a lot of peace of mind which is worth more than the inflated salaries in the US. There is still a way to get rid of people, of course, but that goes a little like the Japanese do: just don’t give any important work to the person, or give them a bad performance review. People quickly understand they need to move on and they can do it with dignity.
5 replies →
Its a choice - work hard with minimal securities, get better salary. Heck, one can do that in many EU places when working as self-employed on contract (if legal), and be paid by just billed days, no vacations or sick days. Its actually pretty good career path in the beginning of one's career in software development, get more money and ie invest in a property. Then get more secure permanent position, coast more and enjoy and appreciate more those stability benefits.
But high economic performance this isn't. Adaptability of market to ever-changing world that certainly isn't neither. Europe is getting hammered by this and things will get much, much worse in upcoming years. We will have to revisit our comfy lazy attitude towards work, or end up being a stagnant place with 3rd world salaries and corresponding QoL.
Switzerland is doing things much better, its sort of in between both extremes and economy is reflecting this very well. But EU leaders egos will sooner accept poverty than that somebody figured out things better than them.
4 replies →
lol does all of European tech companies combined even make more than what the EU brings in from taxing US companies yet?
2 replies →
China is hiring engineering talent. US is firing. Nobody forces anybody to do anything. Just pointing out the current state of affairs in the long life cycle of empire. As Ray Dalio says US is very late stage declining „financial capitalism”. While China is early stage aspiring „production capitalism”. It is not like late stage declining USSR needed as many engineers as it did when it wasnt collapsing. USA is a collapsing empire. China is growing.