re: Michael Burry: The white collar employment bubble is bursting right before our eyes

I have been ringing the alarm bells here on WFH since the start of the lockdowns in early 2020 - to the sound of many downvotes.

As I said in April 2020 and I repeat:

1. If you can do your job from home, your job can be done from Cambodia.

2. The WFH lockdowns let corporations know just how much "busy work" was going on.

An example of #2 is the subreddit: /r/overemployment (has gone private) and /r/overemployed - subreddits dedicated to showing WFHers how to work multiple full time jobs.

The reckoning is coming.

quote:

---

IMO Leadership roles in tech aren't great WFH candidates, but pretty much anyone below that on the actual tech side of the company is pretty safe. This basically lands on the engineering group, product group, and design group.

I've had online meeting with these people sitting in the same building. It's the nature of the business.

---

This to a degree...I slight disagree on leadership. As long as you are a leader that can validate your teams work efficiently and is willing to potentially travel once per month then it can easily be done at a management level. My company has EVPs in IT that work remotely.

Like you say many IT meetings are via Webex even when people are on campus. The biggest reason for that before COVID was not enough meeting rooms.

Frankly, for my department of which I'm a manager not much changed when we went full remote for COVID...we are back to hybrid now and I'm not sure I didn't like full remote better. FWIW I've been full remote since I started with this company well before COVID and continue to be so, but I do go to the office in Houston once a month staying one or two night depending on what is happening at the time.

What are his short positions?

quote:

---

You know we are in a recession right now, don't you?

---

I didn't think my point was very hard to grasp, yet here we are discussing the merits of Burry's shorting exploits

quote:

---

You want to be paid hourly, but with the benefits of a salaried position. YOU CAN'T HAVE BOTH!!!

---

sure you can, I've worked hourly out of college and had full benefits including PTO, 401k 6%, healthcare and all that jazz. I was also asked to work OT a lot in those roles.

I would have turned down a "salaried" position at one of the companies because I was working a 50 hours week minimum.

I think the whole work from home movement was started by corporate so you little millenials won’t sky scream and freak out in person when you finally get the firing you deserve

quote:

---

It should be a simple business transaction- I give you “x” skills for “x” hours and you pay me “x.” If you increase the scope or time it takes to do the job, the pay should also be commensurate.

---

And that describes the concept of an hourly wage earner. Again, feel free to get an hourly job.

I had to "pay my dues". I guess being 40 is considered "older folk". And yeah, i bitched about what i had to do then, but now, in my position, i appreciate what i went through. I'm not necessarily talking about you, but sitting in front of a TV, or playing Switch, you'll never appreciate that hard work = great rewards.

I know i'm on the OT so i'm fighting against the "ok, boomer" crowd and the "living wage" zombies, but i'll put it simple. If you want to be paid hourly, then go get an hourly job. If you want to be paid a salary, then get yourself a career. No one who is successful got it by never being put in stressful positions. If you don't like the terms of your employment, QUIT. It's that simple. The problem, is dumb kids out of college are being taught to quit before they even start.

And in terms of working remotely, IMO, you have to earn that right. You can't hire a new hire out of college and let them work remotely without guidance, for most positions. They need interpersonal communication skills or else you are left with a bunch of socially awkward weirdos who expect nap time at 10 am, and a 6 hour work day. It's not reality.

And i've said it to my wife, as long as there are people with no work ethic, and a complete unwillingness to put in extra effort towards their job, then my job security is locked up. The problem, is trying to hire anyone out of college with realistic job expectations. They are fed a bunch of bullshite about what they are entitled to, and living wages, and you get what we have now. An entire generation of unhireable twentysomethings still living at home.

I work full time remote now, but I’m also in a production based job. I am compensated on production.

However, I would agree about the corporate bloat. We used to be lean and now we have all kinds of people doing God knows what. My concern is that they won’t fire the ESG people and such. They’ll fire the support that actually befits the organization.

quote:

---

WFH?

---

West Feliciana High

quote:

---

Speak for yourself, bitch. I work my arse off. I have 2 jobs, I've averaged close to 60 hours a week for the past 7 years, all while making less than half what my father made when he was my age, and I have more education, more skills, more marketability. You think I'm not speaking from a place of fricking experience, shitbird?

---

No i don't. A) based on what you post, and b) your inability to control your childish emotions.

quote:

---

One thing I've never frickin seen is a slow week on salary. Every person I've ever worked for wants you there 40 hours a week at minimum. You work 80 hours 1 week, you better be there for every 40 the next week and frick you if you want compensation.

---

Seek employment elsewhere. What industry are you in?