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Small-Scale Question Sunday for January 8, 2023

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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I need some career advice. My priority right now is finding some job security, and I'm not sure which of these options is best in the current environment.

  1. Stay where I am for now. I'm at a digital agency, but I lost my last client project in November and have been sitting on the bench since then. We don't seem to have a whole lot coming in the pipeline anytime soon. I still have a job and am getting paid, but who knows how long that will last (plus, I'm bored as hell)

  2. Join a large-ish company that is in the loan space. Their stock price has dropped a lot lately and it doesn't seem like a great space to be in while interest rates are so high. But they are hiring, so...

  3. Join my former boss's two start-ups/projects. He says he has funding for now but I have no idea what that actually means. I've asked for more details before seriously considering.

I have health insurance through my husband, so that's not a concern. I just really hate the idea of having some period of unemployment. I'm a relentless optimist, so my gut instinct is to think that any of these will turn out great, and I could use some more hardheaded opinions on this.

In my experience, the job you already have is generally the most "secure," modulo crazy executives or a financial crisis in the company. Finding people to hire, who you will not be forced to fire in relatively short order, is not just difficult--it is expensive. I've seen many companies shuffle employees into different roles based on a desire to not outright fire anyone, if at all possible. Company culture matters a lot, here, but boredom is often a clear symptom of stability. If you've been on the bench since November, it's not impossible that a layoff is coming your way, but in that case you should get some decent warning and perhaps severance to ease that "period of unemployment" you mentioned.

It seems to me that "I'm bored as hell" suggests that your priority might not be "job security" after all. Again, the specifics matter, but if you have a chance to join a company that is hiring, and the opportunity sounds interesting to you, I wouldn't necessarily be deterred by their stock price. High rates suck in a lot of ways, but there was no shortage of loan companies back when mortgages were over 10%. We're a loooong way from interest rates seriously deterring borrowing.

Startups are horrible for job security, so unless you have some special reason to think your former boss is going to succeed, then #3 is definitely not going to meet your stated priority. However, startups are rarely boring (referencing your other apparent priority), and if you do get in on the ground floor, they can be surprisingly lucrative even for employees.

The ability to take employment risks is one of the underappreciated benefits of marriage. So long as you structure your joint finances wisely, it can be incredibly beneficial to the marriage to take turns "sticking your neck out," so to speak, with one spouse addressing stability while the other pursues high risk/high reward opportunities. Really, stay-at-home-parenting is the ultimate example of this, as filial piety has colossal end-of-life payouts...