4 ms·
Not unhelpful to look at the history of STEM employment and unemployment. It is very hard to predict economic boom and bust cycles but even harder within indus
by notlukesky 7y ago
Not unhelpful to look at the history of STEM employment and unemployment.
It is very hard to predict economic boom and bust cycles but even harder within industries and sectors.
STEM employment and mass layoffs are no exception. Those in the industry will remember the AI winter (over three decades even in sheltered academia and now going through a boom) and mass layoffs of programmers after the dot com crash.
The scar tissue extends further to those with memories of rocket scientists and engineers becoming New York cab drivers in the 1970s after the glut of engineers after JFKs call to put a man on the moon.
Key thing is adaptability. Only certainty in life is the compounded interest on your mortgage and bank loan.
Example article:
https://spectrum.ieee.org/riskfactor/computing/it/the-changing-pattern-of-stem-worker-employment https://spectrum.ieee.org/riskfactor/computing/it/the-changi...