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Taking a risky job move in peak oil times...

Discussions about the economic and financial ramifications of PEAK OIL

Taking a risky job move in peak oil times...

Unread postby KCFrog » Mon 17 Sep 2007, 01:29:59

I have the possibility of taking a different job that would be moving up the chain, but would be a monster cut in pay (thanks newspaper industry!). I live comfortably at the moment, but would be going to living paycheck-to-paycheck. The only debt I have is student loans, around $12K at under 3 percent.

Considering what could happen over the next few years with energy prices, I'm debating whether a move from a job where I can sock away $500-$600 to a job living paycheck to paycheck that could lead to bigger things down the road (if we don't revert to a 1930s era) is wise.
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Re: Taking a risky job move in peak oil times...

Unread postby savethehumans » Mon 17 Sep 2007, 01:57:52

Bigger things down the road = Business As Usual

Do you think business as usual will be continuing down the road?

Your answer is the answer to your question.

Either way, you're taking a gamble. Feeling lucky?
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Re: Taking a risky job move in peak oil times...

Unread postby americandream » Mon 17 Sep 2007, 02:14:52

$this->bbcode_second_pass_quote('savethehumans', 'B')igger things down the road = Business As Usual

Do you think business as usual will be continuing down the road?

Your answer is the answer to your question.

Either way, you're taking a gamble. Feeling lucky?


I'm all lucked out. If you do you're damned cos you're buying into the ponzi scheme we call modern capitalism, if you don't you're a bum.

Greenspan's admission that Iraq is all about oils really depressed me big time. What other horrors await us. How low can we sink in our frenzy to preserve the privilege we enjoy in the west?
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Re: Taking a risky job move in peak oil times...

Unread postby MrBill » Mon 17 Sep 2007, 05:12:30

$this->bbcode_second_pass_quote('KCFrog', 'I') have the possibility of taking a different job that would be moving up the chain, but would be a monster cut in pay (thanks newspaper industry!). I live comfortably at the moment, but would be going to living paycheck-to-paycheck. The only debt I have is student loans, around $12K at under 3 percent.

Considering what could happen over the next few years with energy prices, I'm debating whether a move from a job where I can sock away $500-$600 to a job living paycheck to paycheck that could lead to bigger things down the road (if we don't revert to a 1930s era) is wise.


Go for it KC! The only asset worth investing in is yourself. The only thing they cannot take away from you is your experience. Get as much of it as possible. Learn on someone else's dime.

The problem with turning down a promotion is that it is akin to missing out on every other promotion as well. That is not to say that every job is worth having at any price, but don't let money make your decision for you. If it is truly a better job, then do it.

Take your knowledge of peak post oil resource depletion with you to your new job and continue to look for opportunities to hedge yourself against that eventuality. If we do not crash before 2030 you still have a lot of career in ahead of you. If we crash in 2012 then what will a couple hundred bucks more or less really buy you in that time?

If it is truly 'a long emergency' then skills, knowledge, connections are worth more to you in the long-run than a higher paycheque today. But whatever you decide to do, do it well. There is always room for the top ten percent. Good luck.
The organized state is a wonderful invention whereby everyone can live at someone else's expense.
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Re: Taking a risky job move in peak oil times...

Unread postby KillTheHumans » Mon 17 Sep 2007, 10:10:14

$this->bbcode_second_pass_quote('KCFrog', '
')
Considering what could happen over the next few years with energy prices, I'm debating whether a move from a job where I can sock away $500-$600 to a job living paycheck to paycheck that could lead to bigger things down the road (if we don't revert to a 1930s era) is wise.


Are you suggesting that putting your life on hold is a reasonable course of action just because of peak oil several years ago? If peak oil is bothering you ( this site isn't peakenergy, be careful to confuse one with the other or assume that a peak in oil has anything to do with actual peak energy ) work to minimize its effects on you in the future. Live close to work, bicycle, let the sheeple suffer the effects of their "commute till you qualify" lunacy.
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Re: Taking a risky job move in peak oil times...

Unread postby Ferretlover » Mon 17 Sep 2007, 10:35:53

Ordinarily, I would say that moving up the skill chain would demand that you would also move up the pay chain. If your skills were recognized as deserving a move up, then they are also worth a pay raise.
Would you be moving up to a job that would/could be helpful (survivor-wise) in a post peak world?
Why would you want to give up the ability to save (or use the 'leftover' money in a paycheck to pay off debt) just to live from paycheck to paycheck?? Things are only going to get tougher.
A position that "could lead to bigger things down the road:" Will those bigger things be available if the economy crashes? When the power grids fail? When there's no gas to drive to work? When there's no way to harvest trees for paper? I think that the print media is going to have to make some big changes when materials and distribution methods are hit by the loss of FFs.
Are you already completely prepared for the effects of post peak? Access to water, power, etc?
Personally, I would suggest that you explain to your employer why you could only accept the new job with the appropriate accompanying pay raise.
I am probably too conservative, but unless you are a trust-fund baby, and have money to burn, I certainly wouldn't take a paycut for any job. We don't have that luxury anymore.
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