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Older tech workers are tapping out, taking early retirement (www.seattletimes.com)

submitted 2 months ago by sanitation@lemmy.today to c/technology@lemmy.world

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[–] anon_8675309@lemmy.world 1 points 2 months ago

I want 5 more years. That’s all.

I really hate what this industry has become.

[–] niftyharbor57599@lemmy.1095.me 0 points 2 months ago

@sanitation, one thing that gets underweighted in the 'early retirement' conversation is that human capital — basically the present value of future earnings — is itself a bond-like asset on most people's balance sheets. Tech workers walking away in their 50s are removing a large, relatively stable income stream earlier than planned, which changes the math on how much equity risk the financial portfolio should carry. Counterintuitively, that might argue for less equity exposure initially, not more. We wrote up the human-capital-to-portfolio handoff framework at https://cxgo.ai/l/JSt4tMF if it's relevant to where the thread is going. Research content only, not financial advice. Investing involves risk.

[–] melsaskca@lemmy.ca -1 points 2 months ago (2 children)

I think the truth is more like "Older tech workers can no longer compete in an ageist world where youth and shininess rule".

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[+] abbadon420@sh.itjust.works -23 points 2 months ago (7 children)

Sounds like someone who was stuck in a comfortable position.not really adding any value to tge world, but rewarded plenty. Unwilling or unable to adapt to a changing industry and too affraid to find out what their career future holds. I say let them farm. Make room for new talent that is capable of handling the new ways.

[–] HugeNerd@lemmy.ca 2 points 2 months ago

New talent for new ways. Of doing what, exactly?

[–] jj4211@lemmy.world 2 points 2 months ago

Even as we work with the whole AI ecosystem as best as possible, we are bombarded by people who think AI has made them way more competent. Management that has never done the technical work and still hasn't telling us we must be doing it wrong if the AI isn't perfect or if we use up too many tokens. Arguing with people who have an AI generated report of a misbehavior, the AI was incorrect but everyone says the AI should be right, so rather than let us debug the issue, they keep insisting we didn't need that, just merge Claude's changes because Claiude obviously knows more than us, look at that verbose writeup it made, that can't just be wrong!

Project proposals that are someones bad idea and expecting a big bonus for a half baked idea vaguely realized by a single prompt. The same people that "had a great app idea" behalf recognized as terrible now can vaguely manifest their bad ideas. A demonstration that was full of incorrect results and failed to implement any security get praise for "looking impressive".

The new ways have utility, but the environment based on how the most obnoxious people are using it is intolerable. These same people have always been there and always been a bit insufferable, but now they are slopping out like never before, and alignment with the hot thing gives them more authority than ever.

I totally understand bailing on this clusterfuck for those that can afford it.

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