this post was submitted on 20 Aug 2023
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Yep. It's high risk high reward.
If the markets are well regulated and competition is fair, you always have four options when you’re employed somewhere:
-be happy where you are
-be unhappy and whine about it on lemmy
-be unhappy where you are and join another unhappy people to fight for your rights
-be unhappy where you are, think you can do better than whoever is the company’s manager and make your own business
Correct and usually what's recommended is that people should switch jobs every couple of years for a 15-30% hike. Your existing company won't give it, but if you shift, there's a high chance you will get it every 2 years - until it plateaus.
Your ability to do so is heavily dependent on the amount of Capital you have, which in most cases is a factor of generational wealth.
Yeah that's socialism!