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And what happens when all these newly minted coders look for jobs at roughly the same time? I disagree with the common belief that somehow coding is the path t
by tryitnow 11y ago
And what happens when all these newly minted coders look for jobs at roughly the same time?
I disagree with the common belief that somehow coding is the path to a stable economic future.
History has shown time and time again that if a profession has no regulatory barriers to entry then corporations will eventually bid labor to the lowest value.
And that seems to be exactly what's going on here. Corporations are pressuring the state to basically pay for their human capital development.
Job trends follow capital market trends and capital markets are wildly irrational. For the last five years there's been an ideology among top management that suggests just hiring a bunch of developers is somehow going to create great products.
There has been little to no serious cost controls.
Right now management has overhired, there's simply not enough economically viable projects to keep all the massive development staffs busy. So there's a lot of work on projects that don't have a realistic shot at a financial return.
Eventually those projects are going to get cut.
Around the same time this is happening there will be a glut of newly minted junior developers jostling desperately for work to pay off their student loans.
I know this is highly contrarian, but it's just realistically how capitalism works. The good times always come to an end.