I live in a European country and our salaries will not go down nor do I expect any layoffs. Your question is very US/Silicon Valley centric.
Ask HN: Is there a bubble in the tech market? Is it about to explode?
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Re: Ask HN: Is there a bubble in the tech market? Is it about to explode?
#12Re: Ask HN: Is there a bubble in the tech market? Is it about to explode?
#13In London at least. Tech companies dislike the fact there aren't enough engineers to fill roles which has led to a few things. 1. Permanent salaries on the increase that also has a trickle down effect on other related IT roles. 2. A healthy contracting market with rates steadily increasing despite IR35. Contractors are deciding what they'll be paid and are still be lapped up. Nothings worse then a late or undelivered…
Re: Ask HN: Is there a bubble in the tech market? Is it about to explode?
#14I live in a European country and our salaries will not go down nor do I expect any layoffs. Your question is very US/Silicon Valley centric.
Europe is in for a very long decline. There is no consumer generation (35-45 y/o) left in Europe, and the US is about to block Europe from exporting their excess production to the last standing consumer generation on the planet.
Re: Ask HN: Is there a bubble in the tech market? Is it about to explode?
#15In London at least. Tech companies dislike the fact there aren't enough engineers to fill roles which has led to a few things. 1. Permanent salaries on the increase that also has a trickle down effect on other related IT roles. 2. A healthy contracting market with rates steadily increasing despite IR35. Contractors are deciding what they'll be paid and are still be lapped up. Nothings worse then a late or undelivered…
Curious what a typical top 10% contracting rate in London is?
Re: Ask HN: Is there a bubble in the tech market? Is it about to explode?
#16In London at least. Tech companies dislike the fact there aren't enough engineers to fill roles which has led to a few things. 1. Permanent salaries on the increase that also has a trickle down effect on other related IT roles. 2. A healthy contracting market with rates steadily increasing despite IR35. Contractors are deciding what they'll be paid and are still be lapped up. Nothings worse then a late or undelivered…
If anything else, and at least on the high(ish) end of skill and seniority there's an artificial reverse bubble that I can only attribute to the almost pathological and almost allergic insistence of UK employers to have as few well paid employees as possible.
Re: Ask HN: Is there a bubble in the tech market? Is it about to explode?
#17I live in a European country and our salaries will not go down nor do I expect any layoffs. Your question is very US/Silicon Valley centric.
Re: Ask HN: Is there a bubble in the tech market? Is it about to explode?
#18In London at least. Tech companies dislike the fact there aren't enough engineers to fill roles which has led to a few things. 1. Permanent salaries on the increase that also has a trickle down effect on other related IT roles. 2. A healthy contracting market with rates steadily increasing despite IR35. Contractors are deciding what they'll be paid and are still be lapped up. Nothings worse then a late or undelivered…
Curious what a typical top 10% contracting rate in London is?
You can see market trends by looking at reports published on the top 5 UK IT recruitment websites (usually published every 6 months), ITJobServ is a good site too for real time trends.
Re: Ask HN: Is there a bubble in the tech market? Is it about to explode?
#19Re: Ask HN: Is there a bubble in the tech market? Is it about to explode?
#20In London at least. Tech companies dislike the fact there aren't enough engineers to fill roles which has led to a few things. 1. Permanent salaries on the increase that also has a trickle down effect on other related IT roles. 2. A healthy contracting market with rates steadily increasing despite IR35. Contractors are deciding what they'll be paid and are still be lapped up. Nothings worse then a late or undelivered…
Also noticing this - very hard to find software engineers in the UK right now. Apparently we have a major skill shortage[1] - which I'm not surprised by, given how little CS/coding was pushed in schools 5-10 years ago. [1] https://www.bbc.co.uk/news/technology-62098767