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Agreed. One thing I've noticed about my own life is how hard even 1 year out of your career track hurts you both professionally (skill set) and personally (income/wealth). I was doing financial services programming for a big bank as my first job right out of college before the housing bust. I ended up getting laid off and enjoying the "funemployment" people talk about: 6 month full severance, unemployment at the top rate after that, living at home with the parents, no debt, and doing whatever strikes my fancy.

I set an upper bound of 1 year maximum to be out of the field of programming. When I came back (should have kept programming while unemployed, stupid, I know) not only had my skill set deteriorated but so did my market rate. Out of college my salary was $98,000. By the time I had gotten back into the work force my salary was $65,000. It took about 1.5 years of hard work and a lot of overtime to get back to where I was. And during this time my peers that stayed employed have grown a lot both in terms skill set and market rate. So basically because I took 1 year off, I lost ~2.5-3 years of my career because I had to work back to where I was before.

I think if I were to get a do-over I would have not have taken a year off. But the grass is always greener on the other side of the fence, as they say.



Did you go back to the same field and responsibilities? I'm taking almost 2.5 years off but I don't really think I'll suffer a set-back.


Yes still the same field. If I switch jobs I think I can probably expect a 30-40k bump + signing bonus since it's a totally different market now. Also when you have a job people want you. When you're out of a job you're seen as deficient in some way.


So much of it has to do with where the economy is.

Looking for a job in 2000 vs 2001 was a change in what you could demand as a salary. Same in 2008 vs 2009.


Well that makes sense. Also would make sense that this is possibly why he got laid off in the first place.




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