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This was a MISTAKE (Reacting to Why Millennials Are Leaving Six-Figure Jobs) #CNBC

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{'title': 'This was a MISTAKE (Reacting to Why Millennials Are Leaving Six-Figure Jobs) #CNBC', 'heatmap': [], 'summary': 'Discusses the backlash faced by millennials prioritizing autonomy over perks in tech jobs, citing lavish perks and in-house amenities. it also explores the evolving workplace perks, tech salary disparity, and challenges in salaried positions, including impact on well-being and work-life balance.', 'chapters': [{'end': 75.004, 'segs': [{'end': 50.576, 'src': 'embed', 'start': 21.443, 'weight': 0, 'content': [{'end': 25.406, 'text': 'The most workers in the U.S., the perks given to those who work in tech are astounding.', 'start': 21.443, 'duration': 3.963}, {'end': 28.632, 'text': '$2,000 to spend on a vacation anywhere in the world.', 'start': 26.011, 'duration': 2.621}, {'end': 33.453, 'text': '$2,500 per year for student loans.', 'start': 29.732, 'duration': 3.721}, {'end': 34.953, 'text': '$4,000 in baby cash for new parents.', 'start': 33.473, 'duration': 1.48}, {'end': 39.694, 'text': "I'm not even going to get that money, right? Like I'm not having kids, so I'm not getting the $4,000.", 'start': 35.473, 'duration': 4.221}, {'end': 43.435, 'text': "I already paid off my student loans by saving up, so I'm not getting that money either.", 'start': 39.694, 'duration': 3.741}, {'end': 50.576, 'text': 'That on top of lavish offices decked out with in-house massage parlors, gyms and cafeterias serving free restaurant quality food.', 'start': 43.735, 'duration': 6.841}], 'summary': 'Tech workers in the u.s. receive generous perks including $2,000 vacation, $2,500 for student loans, and $4,000 for new parents, along with lavish office facilities.', 'duration': 29.133, 'max_score': 21.443, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/ByPNCBWB2W8/pics/ByPNCBWB2W821443.jpg'}], 'start': 0.189, 'title': 'Millennials and tech job preferences', 'summary': 'Delves into the backlash faced by millennials for prioritizing money and autonomy over perks in tech jobs, citing lavish perks such as $2,000 vacation, $2,500 for student loans, and $4,000 for new parents, alongside in-house amenities to promote longer work hours.', 'chapters': [{'end': 75.004, 'start': 0.189, 'title': 'Millennials and six-figure tech jobs', 'summary': 'Discusses the backlash faced after expressing a preference for more money and autonomy over perks in tech jobs, highlighting the lavish perks offered, such as $2,000 vacation, $2,500 for student loans, and $4,000 for new parents, along with in-house massage parlors, gyms, and free restaurant quality food, designed to encourage longer work hours.', 'duration': 74.815, 'highlights': ['The perks offered in tech jobs include $2,000 vacation, $2,500 for student loans, and $4,000 for new parents.', 'In-house facilities like massage parlors, gyms, and free restaurant quality food aim to encourage longer work hours.', 'Expressing a preference for more money and autonomy over perks in tech jobs led to a backlash.']}], 'duration': 74.815, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/ByPNCBWB2W8/pics/ByPNCBWB2W8189.jpg', 'highlights': ['The perks offered in tech jobs include $2,000 vacation, $2,500 for student loans, and $4,000 for new parents.', 'In-house facilities like massage parlors, gyms, and free restaurant quality food aim to encourage longer work hours.', 'Expressing a preference for more money and autonomy over perks in tech jobs led to a backlash.']}, {'end': 298.78, 'segs': [{'end': 124.419, 'src': 'embed', 'start': 98.759, 'weight': 3, 'content': [{'end': 103.544, 'text': 'Much rather just give me the compensation instead of spending it for me, you know, kind of deal.', 'start': 98.759, 'duration': 4.785}, {'end': 107.888, 'text': 'In 2019, the average tech salary in the US was $146,000.', 'start': 103.624, 'duration': 4.264}, {'end': 114.875, 'text': "That's almost three times the median salary of public school workers who made up the largest industry of workers in the country in 2021.", 'start': 107.888, 'duration': 6.987}, {'end': 117.476, 'text': 'people just see a salary number, six figures.', 'start': 114.875, 'duration': 2.601}, {'end': 118.657, 'text': 'how could you ever complain?', 'start': 117.476, 'duration': 1.181}, {'end': 124.419, 'text': 'well, you have to factor in cost of living, purchasing power, all that stuff like no one ever thinks about that.', 'start': 118.657, 'duration': 5.762}], 'summary': 'In 2019, us tech workers earned $146,000, almost 3x median public school salary.', 'duration': 25.66, 'max_score': 98.759, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/ByPNCBWB2W8/pics/ByPNCBWB2W898759.jpg'}, {'end': 158.005, 'src': 'embed', 'start': 133.184, 'weight': 1, 'content': [{'end': 138.867, 'text': 'The people that make this money usually have to live in high cost living areas, or these companies are smartening up like, like Facebook,', 'start': 133.184, 'duration': 5.683}, {'end': 144.851, 'text': "will pay you based on where you live now, because they're not going to give you Silicon Valley salaries if you live in the middle of Nebraska.", 'start': 138.867, 'duration': 5.984}, {'end': 149.614, 'text': 'CNBC spoke to several people who left their lucrative tech jobs to ask them one question.', 'start': 145.248, 'duration': 4.366}, {'end': 158.005, 'text': "Why? Yeah, because life is about more than money and a lot of people that are just they can't comprehend this because it sounds it sounds rude.", 'start': 150.355, 'duration': 7.65}], 'summary': 'Tech workers opting for lower salaries for better quality of life in low-cost areas.', 'duration': 24.821, 'max_score': 133.184, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/ByPNCBWB2W8/pics/ByPNCBWB2W8133184.jpg'}, {'end': 240.561, 'src': 'embed', 'start': 211.985, 'weight': 0, 'content': [{'end': 217.489, 'text': "but now they've bought these things that they owe money on and so they have to keep working a job they no longer like just to pay those things,", 'start': 211.985, 'duration': 5.504}, {'end': 219.53, 'text': "and they have what's called the golden handcuffs.", 'start': 217.489, 'duration': 2.041}, {'end': 224.828, 'text': "you know, you need the job to maintain your lifestyle, even though you don't like the job, but you like the lifestyle Free team building,", 'start': 219.53, 'duration': 5.298}, {'end': 226.469, 'text': 'trips to Hawaii and private concerts.', 'start': 224.828, 'duration': 1.641}, {'end': 228.17, 'text': 'Free team building trips to Hawaii.', 'start': 226.709, 'duration': 1.461}, {'end': 229.051, 'text': "I don't care.", 'start': 228.271, 'duration': 0.78}, {'end': 231.613, 'text': "I don't want to go spend more time with my coworkers.", 'start': 229.371, 'duration': 2.242}, {'end': 233.195, 'text': "I'd rather go spend it with family and friends.", 'start': 231.653, 'duration': 1.542}, {'end': 240.561, 'text': 'Was there a moment for you when you started noticing that that, like perks, kind of start losing their luster?', 'start': 233.235, 'duration': 7.326}], 'summary': "Employees feel trapped by 'golden handcuffs' holding them to disliked jobs for material perks.", 'duration': 28.576, 'max_score': 211.985, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/ByPNCBWB2W8/pics/ByPNCBWB2W8211985.jpg'}], 'start': 75.004, 'title': 'Tech salary, perks, and career impact', 'summary': "Delves into the evolving workplace perks, remote work allowances, mental health days, and the disparity in average tech salary compared to public school worker's median salary in the us. it also explores the influence of cost of living on salary, the shift in priorities from money to quality of life, and the impact of company perks on job dissatisfaction and lifestyle constraints.", 'chapters': [{'end': 118.657, 'start': 75.004, 'title': 'Tech salary and perks', 'summary': 'Discusses the shift in workplace perks, with in-office benefits being replaced by remote work allowances and mental health days, while also highlighting the disparity in average tech salary compared to median salary of public school workers in the us.', 'duration': 43.653, 'highlights': ['In 2019, the average tech salary in the US was $146,000, almost three times the median salary of public school workers in 2021.', 'The benefits and perks package alone for tech workers was estimated to be at least 40 or 50 K, with in-office perks being replaced by money for home offices, mental health days, and the freedom to work from home forever.', 'The perception of a six-figure salary in tech leads to dismissal of complaints, despite the challenges and taxing nature of the work.']}, {'end': 298.78, 'start': 118.657, 'title': 'Rethinking career and lifestyle', 'summary': 'Discusses the impact of cost of living on salary, the shift in priorities from money to quality of life, and the downside of company perks, leading to job dissatisfaction and lifestyle constraints.', 'duration': 180.123, 'highlights': ['People are realizing that having money does not guarantee time to enjoy it, leading to a shift in focus from money to quality of life and personal fulfillment.', 'Many tech companies offer perks like unlimited paid time off, but in reality, it may deter employees from taking time off, leading to burnout and dissatisfaction.', 'The high cost of living in certain areas compels high-earning individuals to maintain a certain lifestyle, creating a sense of dependence on their jobs, even if they no longer enjoy their work.', 'Salary should be considered in relation to the cost of living, as earning a six-figure income in a low-cost area can provide a sense of wealth and financial security, while the same salary in a high-cost area may not offer the same lifestyle.']}], 'duration': 223.776, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/ByPNCBWB2W8/pics/ByPNCBWB2W875004.jpg', 'highlights': ['The average tech salary in the US was $146,000 in 2019, almost three times the median salary of public school workers in 2021.', "Tech workers' benefits and perks package was estimated to be at least 40 or 50 K, with in-office perks being replaced by money for home offices, mental health days, and the freedom to work from home forever.", 'The perception of a six-figure salary in tech leads to dismissal of complaints, despite the challenges and taxing nature of the work.', 'People are realizing that having money does not guarantee time to enjoy it, leading to a shift in focus from money to quality of life and personal fulfillment.', 'Many tech companies offer perks like unlimited paid time off, but in reality, it may deter employees from taking time off, leading to burnout and dissatisfaction.', 'The high cost of living in certain areas compels high-earning individuals to maintain a certain lifestyle, creating a sense of dependence on their jobs, even if they no longer enjoy their work.', 'Salary should be considered in relation to the cost of living, as earning a six-figure income in a low-cost area can provide a sense of wealth and financial security, while the same salary in a high-cost area may not offer the same lifestyle.']}, {'end': 1027.904, 'segs': [{'end': 340.349, 'src': 'embed', 'start': 298.961, 'weight': 2, 'content': [{'end': 302.565, 'text': 'When Aaron made that comment, he got so much flack in the comments.', 'start': 298.961, 'duration': 3.604}, {'end': 311.637, 'text': "He finished his job and then got another project? It's like he's working or something, you know? And there's just so much shade at him for that.", 'start': 303.186, 'duration': 8.451}, {'end': 314.698, 'text': 'And what it comes down to is like, you need breathing time.', 'start': 312.237, 'duration': 2.461}, {'end': 316.319, 'text': 'Humans are not robots.', 'start': 315.218, 'duration': 1.101}, {'end': 318.7, 'text': "You'll see all these comments in there saying, well, that's what he's being paid to do.", 'start': 316.439, 'duration': 2.261}, {'end': 320.261, 'text': "They're paying you for your hard work.", 'start': 318.72, 'duration': 1.541}, {'end': 322.521, 'text': "No, they're not paying you for your hard work.", 'start': 320.421, 'duration': 2.1}, {'end': 326.943, 'text': "They're paying you for your skill, your technical ability, your expertise.", 'start': 322.702, 'duration': 4.241}, {'end': 329.805, 'text': "Hard work is not what's being paid for here.", 'start': 327.704, 'duration': 2.101}, {'end': 337.008, 'text': "Again, if hard work was all you needed to do to make handsome amounts of money, you'd go be a construction worker.", 'start': 329.965, 'duration': 7.043}, {'end': 338.968, 'text': 'You know, you go dig ditches.', 'start': 337.308, 'duration': 1.66}, {'end': 340.349, 'text': "They just don't, they don't get it.", 'start': 339.208, 'duration': 1.141}], 'summary': 'Aaron faced criticism for taking on additional projects, emphasizing the need for work-life balance and skill-based compensation over hard work.', 'duration': 41.388, 'max_score': 298.961, 'thumbnail': ''}, {'end': 508.359, 'src': 'embed', 'start': 480.57, 'weight': 0, 'content': [{'end': 483.552, 'text': "Like, people's interests change over time, and that's perfectly okay.", 'start': 480.57, 'duration': 2.982}, {'end': 486.904, 'text': 'I wanted to be an entrepreneur full time.', 'start': 483.982, 'duration': 2.922}, {'end': 492.528, 'text': 'I wanted to move fast and not get too attached to having a nice six figure income.', 'start': 487.164, 'duration': 5.364}, {'end': 499.132, 'text': "Yeah, I think this is a pretty good argument, right? Like if you work at these big tech companies, it's probably a good incubator for entrepreneurs.", 'start': 492.568, 'duration': 6.564}, {'end': 501.794, 'text': 'A lot of ex Googlers and stuff, they go on to start their own business.', 'start': 499.152, 'duration': 2.642}, {'end': 506.037, 'text': 'In an industry as competitive as tech, top talent is crucial.', 'start': 502.034, 'duration': 4.003}, {'end': 508.359, 'text': 'Dude, okay, I just have to fucking pause.', 'start': 506.377, 'duration': 1.982}], 'summary': 'Interest change is normal. big tech companies incubate entrepreneurs with top talent.', 'duration': 27.789, 'max_score': 480.57, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/ByPNCBWB2W8/pics/ByPNCBWB2W8480570.jpg'}, {'end': 605.546, 'src': 'embed', 'start': 576.668, 'weight': 7, 'content': [{'end': 580.569, 'text': "there are people in the world who don't find a value in more money when they are already making a great wage.", 'start': 576.668, 'duration': 3.901}, {'end': 584.25, 'text': 'there are people who would rather sacrifice the money to be part of a culture, a family.', 'start': 580.569, 'duration': 3.681}, {'end': 587.791, 'text': 'i would not sacrifice money to have either of these things.', 'start': 584.25, 'duration': 3.541}, {'end': 590.011, 'text': 'i would only take less money to have more freedom.', 'start': 587.791, 'duration': 2.22}, {'end': 594.555, 'text': "Yes, more money is important in a lot of industries, but I don't think this one is where that issue is at the forefront.", 'start': 590.191, 'duration': 4.364}, {'end': 597.578, 'text': 'I think people want to feel and be valued and not just feel like one more worker.', 'start': 594.595, 'duration': 2.983}, {'end': 599.68, 'text': "I mean, that's what you are at these companies, though.", 'start': 598.018, 'duration': 1.662}, {'end': 602.383, 'text': 'Perks oftentimes set a good tone and that creates a nice environment.', 'start': 599.8, 'duration': 2.583}, {'end': 605.546, 'text': "I'm a pass, okay? I want my company to have free meals and some of that stuff.", 'start': 602.543, 'duration': 3.003}], 'summary': 'Some prioritize culture and family over money, while others value freedom and perks.', 'duration': 28.878, 'max_score': 576.668, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/ByPNCBWB2W8/pics/ByPNCBWB2W8576668.jpg'}, {'end': 688.942, 'src': 'embed', 'start': 661.222, 'weight': 1, 'content': [{'end': 664.324, 'text': "That's like saying I don't want perks like parental leave and unlimited PTO.", 'start': 661.222, 'duration': 3.102}, {'end': 665.165, 'text': 'Just pay me more money.', 'start': 664.344, 'duration': 0.821}, {'end': 667.627, 'text': "Imagine losing those just because you don't want them.", 'start': 665.645, 'duration': 1.982}, {'end': 669.388, 'text': "Higher pay doesn't always mean it's better.", 'start': 667.927, 'duration': 1.461}, {'end': 670.929, 'text': "You can't buy your PTO with money.", 'start': 669.428, 'duration': 1.501}, {'end': 675.773, 'text': "You understand that's exactly what PTO is, right? They're paying you your salary.", 'start': 671.109, 'duration': 4.664}, {'end': 678.199, 'text': 'to take a vacation.', 'start': 677.199, 'duration': 1}, {'end': 679.52, 'text': "not everyone's just a mercenary.", 'start': 678.199, 'duration': 1.321}, {'end': 682.5, 'text': 'what does it mean when we hear that young people want to work with meaning and to have impact?', 'start': 679.52, 'duration': 2.98}, {'end': 685.861, 'text': 'does that only happen if you run the place for me?', 'start': 682.5, 'duration': 3.361}, {'end': 688.942, 'text': "yeah, dude, if i'm not steering the ship, i don't feel like i have an impact,", 'start': 685.861, 'duration': 3.081}], 'summary': 'Valuing perks over higher pay, seeking meaningful impact in work', 'duration': 27.72, 'max_score': 661.222, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/ByPNCBWB2W8/pics/ByPNCBWB2W8661222.jpg'}, {'end': 771.666, 'src': 'embed', 'start': 740.902, 'weight': 4, 'content': [{'end': 743.784, 'text': "if they told me i'd have to work 120 hours a week, i would not care.", 'start': 740.902, 'duration': 2.882}, {'end': 745.364, 'text': 'that is overtime and more money.', 'start': 743.784, 'duration': 1.58}, {'end': 748.327, 'text': "no, it's not Not in this field, Jeremiah Young.", 'start': 745.364, 'duration': 2.963}, {'end': 754.412, 'text': 'It appears, in fact, you are your last name, because in the US of A, here generally, if you work overtime and more hours,', 'start': 748.627, 'duration': 5.785}, {'end': 755.753, 'text': "you don't get compensated for that.", 'start': 754.412, 'duration': 1.341}, {'end': 763.96, 'text': "All you're saying here really is I will happily work 120 hours a week because all I have to do is sit on the computer and code and I get all these great perks.", 'start': 756.013, 'duration': 7.947}, {'end': 767.182, 'text': "You're just admitting that you're a company simp and you're not going to get paid extra for that.", 'start': 764.14, 'duration': 3.042}, {'end': 771.666, 'text': "You're just going to finish your job faster or finish your project faster and get hit with another one and you will burn out.", 'start': 767.522, 'duration': 4.144}], 'summary': 'Employee willing to work 120 hours a week for overtime pay, but company does not compensate for overtime.', 'duration': 30.764, 'max_score': 740.902, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/ByPNCBWB2W8/pics/ByPNCBWB2W8740902.jpg'}], 'start': 298.961, 'title': 'Challenges in tech and salaried positions', 'summary': 'Explores the difficulties of salaried positions, such as lack of incentives and impact on well-being, and discusses challenges and perceptions in tech jobs, including reasons for leaving, desire for growth opportunities, and impact on work-life balance.', 'chapters': [{'end': 425.553, 'start': 298.961, 'title': 'The reality of work', 'summary': "Discusses the challenges of salaried positions, highlighting the lack of incentives for hard work, the continuous cycle of project after project, and the impact on employees' well-being and motivation.", 'duration': 126.592, 'highlights': ['Employees are not rewarded with raises or incentives for working hard, leading to a lack of motivation and a feeling of being unappreciated.', 'The continuous cycle of project after project leads to burnout and a feeling of despair as employees realize that this will be the rest of their lives.', 'The misconception that perks such as stock options and extra pay justify working extra hours creates a sense of obligation, leading to employees feeling pressured and unfulfilled.']}, {'end': 1027.904, 'start': 425.573, 'title': 'Tech job challenges and perceptions', 'summary': 'Discusses the challenges and perceptions of working in tech, including reasons for leaving tech jobs, the desire for more growth opportunities, changing career aspirations, and the debate between perks and higher pay, with some insight into the entrepreneurial opportunities and the impact on work-life balance.', 'duration': 602.331, 'highlights': ['Some tech professionals leave their jobs due to stagnation and lack of growth opportunities.', 'Entrepreneurial aspirations and the desire for more autonomy are motivating factors for leaving tech jobs.', 'The debate between perks and higher pay is discussed, with differing opinions on the value of perks and the importance of more money.', 'The impact of high-paying tech jobs on work-life balance and personal fulfillment is explored, with a focus on the potential drawbacks of such roles.', 'The significance of career aspirations and the desire for meaningful work is highlighted, with a call for understanding and empathy towards those seeking a different path.']}], 'duration': 728.943, 'thumbnail': '', 'highlights': ['Employees lack incentives and raises, leading to demotivation and feeling unappreciated.', "Continuous project cycle leads to burnout and despair, impacting employees' well-being.", 'Misconception about perks justifying extra hours creates pressure and unfulfillment.', 'Tech professionals leave due to stagnation and lack of growth opportunities.', 'Entrepreneurial aspirations and autonomy drive professionals to leave tech jobs.', 'Debate on the value of perks versus higher pay influences job decisions.', 'High-paying tech jobs impact work-life balance and personal fulfillment.', 'Career aspirations and desire for meaningful work require understanding and empathy.']}], 'highlights': ['Tech perks include $2,000 vacation, $2,500 for student loans, and $4,000 for new parents.', 'In-house facilities aim to encourage longer work hours.', 'Preference for money and autonomy over perks led to a backlash.', 'Average tech salary in the US was $146,000 in 2019, almost three times the median salary of public school workers in 2021.', "Tech workers' benefits and perks package was estimated to be at least 40 or 50 K.", 'Perception of a six-figure salary in tech leads to dismissal of complaints.', 'Shift in focus from money to quality of life and personal fulfillment is observed.', 'Perks like unlimited paid time off may deter employees from taking time off, leading to burnout and dissatisfaction.', 'High cost of living in certain areas compels high-earning individuals to maintain a certain lifestyle.', 'Salary should be considered in relation to the cost of living.', 'Employees lack incentives and raises, leading to demotivation and feeling unappreciated.', "Continuous project cycle leads to burnout and despair, impacting employees' well-being.", 'Misconception about perks justifying extra hours creates pressure and unfulfillment.', 'Tech professionals leave due to stagnation and lack of growth opportunities.', 'Entrepreneurial aspirations and autonomy drive professionals to leave tech jobs.', 'Debate on the value of perks versus higher pay influences job decisions.', 'High-paying tech jobs impact work-life balance and personal fulfillment.', 'Career aspirations and desire for meaningful work require understanding and empathy.']}