CS 007: Personal Finance for Engineers(cs007.blog)
cs007.blog
CS 007: Personal Finance for Engineers
https://cs007.blog/
22 comments
Based on the title I'm going to assume this is all about investing in Bonds :D
Edit: oh, notes/slides from a Stanford course, even better!
Edit: oh, notes/slides from a Stanford course, even better!
I really like the content then I realized that the lecturer is an ex-CEO of Wealthfront (one of the earliest Robo-advisory company). That totally makes sense considering the practical advices (instead of theoretical discussions) in the course.
have you considered deploying a static site? your wordpress doesn't seem to be handling load very well.
Or at least turn on the fastcgi cache to store the page as a static page.
Was skeptical when I read the title but that's actually not too bad. Makes a lot of sense to educate people with information relevant to them.
Personal finance and finance in general should be taught to everyone starting from high school. We teach kids countless topics they'll have no use of in every day life, yet something as essential as finance is overlooked.
Do you think, for remote companies the geographical location of the employees/contractors should play a key factor in the compensation?
I have been remote, working outside Silicon Valley for Silicon Valley companies for 16 years (4 companies). The difference in salary/cost-of-living was initially a greater part of my value prop to Silicon Valley companies than it is now.
I think over time (say the next 5-10 years) there will be upward pressure on remote salaries and eventually they will normalize to being approximately in the same range as the Silicon Valley ones because of economic pressure: everybody is still going to be competing for workers everywhere. The competition is simply going to get bigger as firms realize they can hire top talent from other places and they need to in order to find and keep the best people.
From the lens of the internet as means of disintermediation in society this makes sense. Using this framework to reason about the internet, we might think of different ways that the internet removes barriers to communication; recently there are several social phenomenon where the internet has removed geography as a barrier to communication enabling lots of different social changes. In this framework, salary and employment markets were just slowly going to eventually get geolocation disintermediated. The pandemic has just sped that up 5-10 years. Now instead of taking 10-20 more years it'll take 5-10.
I think over time (say the next 5-10 years) there will be upward pressure on remote salaries and eventually they will normalize to being approximately in the same range as the Silicon Valley ones because of economic pressure: everybody is still going to be competing for workers everywhere. The competition is simply going to get bigger as firms realize they can hire top talent from other places and they need to in order to find and keep the best people.
From the lens of the internet as means of disintermediation in society this makes sense. Using this framework to reason about the internet, we might think of different ways that the internet removes barriers to communication; recently there are several social phenomenon where the internet has removed geography as a barrier to communication enabling lots of different social changes. In this framework, salary and employment markets were just slowly going to eventually get geolocation disintermediated. The pandemic has just sped that up 5-10 years. Now instead of taking 10-20 more years it'll take 5-10.
I have Singapore salary (bigger than colleagues in US branch, lol) and yet living in country with 4x smaller median salary than US.
It's heaven.
So to your question, I hope not.
So to your question, I hope not.
I don't think so. Neither would I support offering different compensation to someone living in an apartment than I would someone living on an expensive waterfront in the same metro area.
Arbitrage is as old as Humans.
Companies will try it. Workers will push for arbitrage-free pricing. It's just business as it always was.
Companies will try it. Workers will push for arbitrage-free pricing. It's just business as it always was.
Assuming you are just asking the crowd here:
I don’t really think “should” comes up in those discussions. Companies pay as little as they can get away with, restricted by the need to retain talent.
People in higher cost of living areas will probably end up with higher salaries in general because, for a given level of financial wellbeing, they need a higher salary. So they’ll be more incentivized to do more things that result in higher salaries: move jobs, go for promotions, negotiate more, etc.
I don’t really think “should” comes up in those discussions. Companies pay as little as they can get away with, restricted by the need to retain talent.
People in higher cost of living areas will probably end up with higher salaries in general because, for a given level of financial wellbeing, they need a higher salary. So they’ll be more incentivized to do more things that result in higher salaries: move jobs, go for promotions, negotiate more, etc.
From the slides, 87% of the class reported they will have 0 student loans after college. I find that remarkable.
Stanford has pretty generous financial aid for those that need it:
https://www.cnbc.com/2019/08/19/stanford-is-no-1-on-our-list...
https://www.cnbc.com/2019/08/19/stanford-is-no-1-on-our-list...
Page 13 in session 1
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Hopefully someday this will be taught to everybody in high school.
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