Global Economy Approaches Soft Landing, but Risks Remain

Post by bee_rider » Tue, Mar 05, 2024, 8:22 PM UTC

hirako2000 wrote: post #65

themagician wrote: post #34

Earlier quoted context omitted.

Things are different now. The reality is that probably close to 80-90% of self-described software engineers face permnanet unemployment as they will be replaced by low paid "prompt engineers", likey from India. It's already happening and it's happening at scale. The top 10% will see enourmous income gains as they will be the only people left who actually know what they are doing and how to correct mistakes that can't…

While I agree great engineers will continue to grow in scarcity and demand higher and higher compensation, the shift to armies of prompt specialists is not just an overstatement. It's wrong. Why? The same was said again and again again about the offshoring programmers. Reality? Here we are with countless unfilled jobs hiring for senior enginners in NYC for over 200k per year. The gap, at least cultural, between a cod…

Post by dkjaudyeqooe » Tue, Mar 05, 2024, 8:39 PM UTC

willcipriano wrote: post #90

dkjaudyeqooe wrote: post #84

Earlier quoted context omitted.

Lots of jobs have low wages, in fact most jobs are not high wage jobs. That doesn't mean the manpower isn't needed it means the jobs inherently can't support a high wage relative to others. If you don't like immigration, then say so, because your arguments make no sense.

If the wages are so low that the workers require government assistance, that business isn't productive enough to be allowed to survive in a modern economy. It doesn't produce enough (or its owners demand too much of the rewards, or its customers arent willing to pay, the "reason" is immaterial, those all basically are the same problem). The customers and shareholders aren't entitled to unlimited immigration to prop u…

Post by screenobobeano » Tue, Mar 05, 2024, 9:10 PM UTC

jstarfish wrote: post #87

ak_111 wrote: post #77

Earlier quoted context omitted.

Sorry to be critical but if you are in tech and have been unemployed for years (especially if those overlap with covid) then you are most certainly doing something wrong and need some guidance. Even now the situation is bad, but not that bad that it should take you more than a couple of months to land some kind of tech job that can pay the bills.

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Post by [deleted] » Tue, Mar 05, 2024, 9:39 PM UTC

pm90 wrote: post #27

cj wrote: post #12

Earlier quoted context omitted.

On the flip side, tech was booming during Covid when a ton of people in retail, restaurants were affected. All industries and all sectors can’t always be booming without there being a perpetual bubble. We have trouble finding good engineers to hire, so I’m skeptical when I hear people having trouble finding engineering jobs. My assumption (could be wrong) is a lot of people having trouble getting work haven’t adjuste…

> We have trouble finding good engineers to hire And then > while I might have been open to hiring a digital nomad in 2021, I’m not open to that anymore because there are more “normal” candidates out there who aren’t asking for special treatment or unrealistically high salaries. Maybe these things are related. “Normal” has changed. The engineers I know have moved away and are very happy with the flexibility of their…

Post by AnimalMuppet » Tue, Mar 05, 2024, 9:46 PM UTC

roughly wrote: post #56

cj wrote: post #12

Earlier quoted context omitted.

On the flip side, tech was booming during Covid when a ton of people in retail, restaurants were affected. All industries and all sectors can’t always be booming without there being a perpetual bubble. We have trouble finding good engineers to hire, so I’m skeptical when I hear people having trouble finding engineering jobs. My assumption (could be wrong) is a lot of people having trouble getting work haven’t adjuste…

> while I might have been open to hiring a digital nomad in 2021, I’m not open to that anymore because there are more “normal” candidates out there The folks who took advantage of the ability to leave the city and get a house somewhere other than the Bay or one of the three other cities tech was hiring in are older folks for whom moving back to be near family had some resonance. They've now had 4 years to build a lif…