[HN Gopher] Tech jobs are mired in a recession
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       Tech jobs are mired in a recession
        
       Author : jihadjihad
       Score  : 14 points
       Date   : 2024-11-19 21:29 UTC (1 hours ago)
        
 (HTM) web link (www.businessinsider.com)
 (TXT) w3m dump (www.businessinsider.com)
        
       | clintfred wrote:
       | https://archive.is/zZETf
        
       | sydbarrett74 wrote:
       | With the coming tariffs, expect it to get way worse. We could be
       | looking at the 21st century Great Depression.
        
       | Ancalagon wrote:
       | > We have not seen the hiring slowdown everywhere
       | 
       | Literally every field except healthcare is losing jobs according
       | to your own data. What are you talking about?
        
         | closeparen wrote:
         | The chart shows decline in hiring, not overall employment.
        
       | contingencies wrote:
       | AI winter -> AI boom / tech winter -> social cohesion winter ->
       | world war / peace-winter -> climate crisis / permawinter. _Winter
       | is coming_.
        
         | Ancalagon wrote:
         | isnt it permasummer?
        
         | toomuchtodo wrote:
         | I'm bearish with AI reaching the peak of the hype cycle ("this
         | magic isn't magic!?") but bullish with geopolitical conflicts
         | increasing defense investment and spending, along with global
         | decoupling forcing investment into local supply chains. There
         | is always money to be made with volatility, position yourself
         | accordingly.
         | 
         | https://www.axios.com/2024/11/14/companies-global-trade-chin...
        
       | solraph wrote:
       | My take for SE roles is that it's a combination of AI giving
       | enough gains[0] to reduce head count requirements, combined with
       | the higher interest rates cutting off the tap of free money for
       | startups that never really made economic sense.
       | 
       | There's also the absolute flood of CS graduates in recent years
       | contributing to the number of applicants. I know governments have
       | been screaming for more STEM graduates, but I suspect the numbers
       | are far higher than what is actually required.
       | 
       | IMHO, the outcome of all this is that those devs who can't
       | actually code are going to be pushed out of the SE market, and
       | things will normalise in 12-36 months.
       | 
       | (I say this all this sitting on the couch waiting for the results
       | of second of three interviews after submitting my 30th
       | application - I've literally never had to submit more than five -
       | and that was where I didn't get poached directly.)
       | 
       | [0] I'm not going to say it's a _massive_ gain, but even a 10-20%
       | increase in productivity from something off the shelf like Github
       | Co-pilot would show up in employment numbers
        
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       (page generated 2024-11-19 23:01 UTC)