>> The CEO’s job is to make as much profit as possible. Higher salaries mean less profit. It’s just how the game works. I find this to be too simplified. The CEO's job is far beyond salaries alone. >> Even if we enter some new dotcom bubble and a good chunk of our startup ecosystem dies off, demand for tech is spreading across all industries, businesses everywhere are digitizing their operations and these systems wil…
> We're not in a bubble. We are in the information era, and cloud computing is helping drive this. We're not necessarily in a bubble, but perhaps there's some foam? There will be a plethora of programmer jobs for some times go come, but we've also gone quite a while without a meaningful market adjustment, if you will. A point may come where global politics force the industry to be far more regulated than it currently…
We just went through a massive market adjustment. COVID forced a lot of layoffs and hiring freezes in March 2020 (even in tech) and all the COVID-boom stocks like Zoom, Peloton, etc. have all crashed 50%+. Valuations in private funding are being cut as we speak due to interest rate changes. But salaries for senior engineers have only gone up.
> self-taught coder with no degree and a poor understanding of security may come to an end
This was never a common outcome in the first place, despite what blogs and bootcamps might have you believe.