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117 points LordAtlas | 5 comments | | HN request time: 0s | source
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8f2ab37a-ed6c ◴[] No.46184133[source]
With little growth and hiring happening outside of firms betting the farm on AI—and getting the funding to stay alive and play the lottery—what is a random tech employee supposed to do here?

It seems like right now the most rational move to stay in the industry is to milk the AI wave as much as possible, learn all of the tools, get a big brand name on one's resume, and then land somewhere still-alive once the AI music stops? But ultimately if nothing outside of AI is growing, it's one big game of musical chairs and even that might not save you?

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karlgkk ◴[] No.46184165[source]
That “rational move” has always been a good move, regardless of AI. This is a boom/bust industry, and the next boom will come in a few years. While we’re at it, if you’re making engineer money, you should be targeting retirement at 50. I’m not saying you have to do that, but it sure helps to have that option.
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delfinom ◴[] No.46184783[source]
> if you’re making engineer money,

SV & big tech engineer money.

Majority of engineering fields do not make that kind of money to retire at 50. Comfortable compared to the rest of the country, sure.

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karlgkk ◴[] No.46184901[source]
I think maybe that was implied, considering the topic of conversation and website we’re on.

That said if you’re making $250k+ a year and not on track to retire by 50, seriously please open a retirement calculator and figure out what you need to do to get there.

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noncoml ◴[] No.46185303[source]
$250k+ a year means ~$12k monthly salary.

A semi decent apartment in SV will cost you ~$3k

Bills(phone, internet, electricity, etc) another $1k.

If you are married, groceries at least $1k.

Even if we assume you don’t do anything else in life, and you are in perfect health best case scenario would be $6k savings a month or $72k a year.

It would take you 10 years to save $720k plus whatever you make from investments.

That’s not enough to even buy you a house in SV. How are you going to retire?

Unless you assume you will get $250k straight out of college and keep up salary raises for 25 years.

Sure, if you don’t have kids, age with no health problems, never enjoy anything in life, you may be able to retire at 50 in Thailand or Philippines.

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1. phainopepla2 ◴[] No.46185975{5}[source]
$2k per month for groceries and utilities for a married couple is insanely high, in any part of the country.
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2. phantasmish ◴[] No.46186297[source]
We're probably around $1,200 for groceries and related (cleaning stuff, mostly) in our house, but we're a family of five. Yeah I'd say $2k is nuts for just two people, even today.

For a long while we managed to stay around $500-600 but that was before COVID inflation. I dunno how the official inflation rate's as low as it is, we don't buy much that'd be considered "luxury" level (we're not buying caviar, say, and rarely even get stuff like the grass-fed "fancy" butter [actually yellow instead of white, tastes like something rather than just having texture but no flavor] instead of the cheapest available) and I'm pretty sure we buy a lot less meat per person than the US average, but if we fill up a cart now it's like $250-$300. I've hit $150 on small shopping trips where I didn't even fully fill one of the smaller, short carts.

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3. bdangubic ◴[] No.46186344[source]
$2.3k, northern va area, family of 3, not fancy anything. data centers have spiked electricity bills, food is insane of course. this does not include once—a-week dinner out or take out
4. noncoml ◴[] No.46188633[source]
California actual amounts for 2 people:

$150 phone $200 electricity $200 gas $200 water $80 internet $80 trash

Car insurance? Gas? I’m ridiculously generous when saying you can save $6k per month.

5. noncoml ◴[] No.46188642[source]
For groceries I budgeted $1k and $1k for phones, internet, water, electricity, gas, garbage, etc.