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chobeat@lemmy.ml to Technology@lemmy.worldEnglish · 3 days ago

A ‘demoralizing' trend has computer science grads out of work — even minimum wage jobs. Are 6-figure tech careers over?

www.yahoo.com

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A ‘demoralizing' trend has computer science grads out of work — even minimum wage jobs. Are 6-figure tech careers over?

www.yahoo.com

chobeat@lemmy.ml to Technology@lemmy.worldEnglish · 3 days ago
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More than 150,000 tech employees were laid off across 551 tech companies in 2024.
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    • whotookkarl@lemmy.dbzer0.com
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      3 days ago

      JibJab hot dog sign says 'we forge the chains we wear in life', a quote from Jacob Marley in A Christmas Carol, the first of four ghosts to visit Scrooge

    • Ross_audio@lemmy.world
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      I’m not sure that works. There were 20 shillings to the pound.

      So £0.75 a week.

      This inflation calculator:

      https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator

      £75 in 1843 is equivalent to £8,310.96

      So 15s then is equivalent to £83.11 a week, £4321.72 a year.

      40 hour week (which is implied to be too low). ~£2.08 an hour

      So if he worked over 40 hours you’re talking a sub £2/hour wage. Around $2.70 in US money.

      I suspect the stat relies on converting to dollars before applying inflation as GBP to USD was about 1 to 5 then instead of about 1 to 1.33

      It’s fun but I wouldn’t want to denigrate Dickens by saying he got poverty wrong to make a political point.

      • finalarbiter@lemmy.dbzer0.com
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        3 days ago

        It’s fun but I wouldn’t want to denigrate Dickens by saying he got poverty wrong to make a political point.

        I think they’re actually making the opposite claim- American wages are just that fucked, rather than Dickens being wrong

        • prettybunnys@sh.itjust.works
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          I think who you’re responding to knows that and is saying while doing the math wrong makes their point better it does Dickens wrong.

          • markko@lemmy.world
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            2 days ago

            I think

            • Glytch@lemmy.world
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              2 days ago

              Unfortunately you aren’t

    • roscoe@lemmy.dbzer0.com
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      3 days ago

      That was from December of '21. It would be $15.69 now.

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