111–120 of 1001 posts
There might be some good points buried in this post, but all I get is bitterness without much self-reflection. They seem like they'd be difficult to work with and would blame you for it.
Another, more correlated hypothesis for what caused the 2022 peak is that it's related to a combination of pandemic economic stimulus and pandemic-related changes in demand for software engineers.
I generally like the article but the author seems to have a really inflated view of what jobs are paying. At one point he’s claiming that a stable non tech company like a tractor manufacturer is paying 5k-10k. Even assuming that’s including taxes so divide by two, and constraining to just software employees for that claim. There is no way the average pay is nearly a million a year. The average software engineer in th…
For anyone that came to the comments before the article, it claims that number is per day
It really sucks right now, but recent grads and juniors are suffering the most right now, to my understanding. There's an over-production of CS grads, as the industry looked very lucrative, so a lot of people decided to go software engineering route. It's hard to make a case for start ups to bet on inexperienced people. For mature companies, why pay for 2 juniors, when you can get a senior for 1.5 price, who might do…
Don't go to university. Their value is no longer what it used to be, and they have figured out how to suppress students under a thousand pounds of administrative grift.
We need to strip all public funding going into universities to force the bad ones to go out of business. Industry will fund their own education, or they don't deserve it.
Wild that explanations of the tech job market like this are still being written without referencing the tax consequences of Section 174 changes.
No one understands or is willing to research these things anymore. Everyone (or at least everyone who is screaming and being heard) is mumbling points about interest, boom/bust, AI, etc... The reality, in my opinion, the governments have made it so hard to start and maintain a business that the market is not liquid for employment anymore. It's not catastrophic, but rather dead (as not moving). Here are the employment…
The business part is a no brainer. Especially when it’s a software business with no office space, inventory or utilities.
While it's true that the increase in interest rates is having some effect at the margins, a fundamental problem with the OP's thesis is that there's no _reduction_ in interest rates that creates the peak in 2022. That makes it hard for me to believe that interest rates are the only cause here. Another, more correlated hypothesis for what caused the 2022 peak is that it's related to a combination of pandemic economic…
What is hidden from all this is one of the greatest scams happening in the tech industry: recruiters. I think there is not enough light shone on these group of people but basically they have hijacked the whole process and are not technically skilled to understand good developers. UK tech companies for example have been decimated because of this.
That is something that should be avoided by employers as it for one increases the average compensation niveau faster than employee retention would and also constantly restarts opportunity costs as new employees take time to settle into their new roles. Yet, here we are and it is not only acceptable, but also standard procedure.
I will add my two cents for people who believe that this might be related only to the SWE and tangent industries: It's really not. I have many friends (in Europe) who are trying to get through to different jobs in unrelated industries ranging from finance to fashion, or just trying to get promoted vertically (or horizontally), failing rather miserably. Most jobs are now hoops after hoops, not taking into consideratio…
The tech industry had it just right and then got too big? and added those hoops ad nauseam