3 ms·
Two points: - 2% GDP growth is not exactly what I would call "strong economy": http://www.multpl.com/us-real-gdp-growth-rate http://www.multpl.com/us-real-gdp-
by jazzyk 9y ago
Two points:
- 2% GDP growth is not exactly what I would call "strong economy": http://www.multpl.com/us-real-gdp-growth-rate http://www.multpl.com/us-real-gdp-growth-rate
- it is not a workers market - if it had been, incomes would not have stagnated
I do agree with the rest of your post, though. Things will get even tougher.
- PeterisP 9y agoThe technology growth and the technology labor market is quite different from the rest of the economy; we're seeing a much higher GDP growth in this sector, much lower unemployment than the average of all industries, and incomes haven't really stagnated in our domain.
- s73ver 9y ago"- it is not a workers market - if it had been, incomes would not have stagnated" In general, no. But in terms of software engineering, it very much is.
- jazzyk 9y agoThere are a few pockets of good markets, I am sure. But the whole shortage myth is created by companies (often startups) posting "Magician" ads. Example of a "Magician" ad: "Looking for a PhD + min 10 years of experience in a very narrow domain we are trying to provide a solution for (Big Data experience in Scala required). The hire will need to do his/her magic to get us out of the s... we are in, because we don't quite know what we are doing. We pay $60K/year in Boston."