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  • Doug Belshaw 7:32 am on December 29, 2019 Permalink | Reply
    Tags: income, Jeff Kaufman, , salary,   

    Specifically, I’d recommend living on a small portion of your income and saving a multiple of your living expenses. It’s far more painful to cut expenses back than it is to keep them from growing, and the more years of expenses you have saved the better a position you’ll be in. If you take this approach and there’s no bust, you’re still in a good place: you can retire early or support things you believe in.

    Jeff Kaufman, Programmers should plan for lower pay
  • Doug Belshaw 1:29 pm on August 15, 2019 Permalink | Reply
    Tags: , golden handcuffs, salary, vendor lock-in   

    Vendor lock-in and golden handcuffs 

    While out for a morning run with my son, a thought popped into my mind. More of an association, really, but then what are thoughts but links between concepts?

    One of the reasons I like Open Source software is that it prevents the kind of vendor lock-in you see with proprietary products.

    Vendor lock-in means that organisations and individuals have to put up with sub-standard software that they can’t inspect for privacy and security flaws. Due to a lack of interoperability with other systems, users don’t have a choice.

    This, in turn, means higher profits for the business making the software, but a lousy user experience. So far, so obvious.

    But going one step further, if you’re making more profit through vendor lock-in, you can pay higher wages to your staff. In fact, you might have to do this, because your product isn’t well-liked by end users. People end up mainly joining your company because of the salary and perks.

    This, in turn, leads to a ‘golden handcuffs’ situation, whereby an individual who is working for the business using a vendor lock-in model, now can’t afford to work elsewhere, or for a more ethical organisation. Their mortgage and family’s standard of living has come to depend on that additional money.

    There’s ways out of this, of course. But that’s for a other post.

    • Noel De Martin 9:17 pm on August 15, 2019 Permalink | Reply

      That’s why it’s important to keep in mind not to raise one’s living standards everytime you get a raise or find a better job. I’m always keeping that in mind :D.

      Also to this I would add that this also hurts “fair” companies because in order to have competitive employees, they need to pay a higher price. Unless they are able to find people who is willing to accept a salary under market rates in exchange for “ethics”. Which is unfortunately difficult to find. This actually ties neatly with the Principal-Agent problem that I’ve heard Naval Ravikant mention multiple times.

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