I’m trying to get a job in IT that will (hopefully) pay more than a usual 9 to 5. I’m been daily driving Linux exclusively for about 2 1/2 years now and I’m trying to improve my skills to the point that I could be considered a so-called “power user.” My question is this: will this increase my hiring chances significantly or marginally?

While that’s literally what it is, that’s not really how it’s represented and requires also understanding binary numbers.

Even knowing that, I’ve always found it easiest to get to the permissions the way I described, which when you think about it is actually the same as what you’d do to translate binary into decimal/octal if you don’t have them memorized: look at the values of each position that’s set to 1 and add them together. So, 101 in binary would be 4+0+1, or 5, which is the same as saying read is 4 and execute is 1 and add them together, the latter of which I think is easier to learn (and is how I’ve always seen it taught, though clearly YMMV)

Both get you to the same place though

That’s a fair point, I guess I used binary numbers so much i uni that I just know the small ones by heart and that’s why I find it easier. Following the example, I never convert 101 as 4+0+1, I just see it and know it’s 5.