92% of young people would sacrifice other perks for a 4-day workweek

Re:92% of young people would sacrifice other perks for a 4-d... by 13of40 on Friday November 03, 2023 @09:21AM (#38128323)

Probably the same as it's ever been. Out of three random employees, you have one who's just going through the motions, one who's working hard, and one who's actively hostile. Which one gets the money when review time rolls around?

That, and what's the long term strategy? Do they turn 30 and flip from working part time at Pizza Hut to a professional salaried career? Good luck getting an interview with that CV.

I'm not saying it's an ideal situation to be faced with, but tuning out is just going to make it worse.

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Re:92% of young people would sacrifice other perks for a 4-d... by nytesky on Friday November 03, 2023 @09:26AM (#38128397)

Of those 3, most likely who is a better “fit” to their manager. Promotions especially are more about personal relations than “metrics” hard to measure productivity.

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Re:92% of young people would sacrifice other perks for a 4-d... by coldpie on Friday November 03, 2023 @09:34AM (#38128512)

> Which one gets the money when review time rolls around?

The CEO.

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Re:92% of young people would sacrifice other perks for a 4-d... by malka on Friday November 03, 2023 @09:31AM (#38128465)

>Which one gets the money when review time rolls around?

Trick question. None of them.

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Re:92% of young people would sacrifice other perks for a 4-d... by TeMPOraL on Friday November 03, 2023 @09:53AM (#38128776)

GP's point is that the extra money has little value, because your spending options are becoming bimodal in distribution: all the trinkets are priced at "approximately anyone with a job can afford some of it", while the important bits like housing are priced at "an order of magnitude more than people typically earn", and this gap just cannot be crossed by working hard to get salary raises.

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Re:92% of young people would sacrifice other perks for a 4-d... by 13of40 on Friday November 03, 2023 @12:52PM (#38131459)

Let's consider some actual numbers, though: In 1999 I got my first "corporate" job at a starting salary of $50K. I was paying $800 a month for a two bedroom apartment, and what was left over was enough to comfortably support me and my wife. Entry level salary for the same job is now about $120K, meaning someone in that position can easily afford to pay $1920 a month for rent. According to Zillow, that same apartment is now renting for $2305 a month.

So what we're hand-wringing about is a ~$385 increase in rent, which comes to about 4% more of the person's gross salary than 25 years ago. That sucks a little bit, but it's not a catastrophe.

And on top of that, you can still make a ton of side money through bonuses and stock, in the industry that I assume we're mostly talking about. A few months ago I gave a $90K stock grant to a guy. Even if the stock price stagnates, that on its own is almost half his housing costs for the next five years, and it's all because he works harder than the guy in the next cube over.

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Re:92% of young people would sacrifice other perks for a 4-d... by somsak2 on Saturday November 04, 2023 @04:48AM (#38139204)

You used a single personal data point and then pulled numbers completely out of nowhere and are comfortable making general statements about housing affordability on that basis? Bold.

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Re:92% of young people would sacrifice other perks for a 4-d... by ben_w on Saturday November 04, 2023 @08:10AM (#38140305)

That pay is significantly above the US average of $77,463[0].

For a different anecdote, an friend of mine briefly worked a pizza fast-food joint in Davis (CA), and the pay from that didn't even cover her rent and bills, she had to get support from others.

[0] https://en.wikipedia.org/wiki/List_of_countries_by_average_w...

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