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In my experience, it's a real thing. Lockdown was a catalyst for offline to online. Tech was the epicenter of this. This also fueled deliveries, which requires
by muzani 5y ago
In my experience, it's a real thing.
Lockdown was a catalyst for offline to online. Tech was the epicenter of this. This also fueled deliveries, which requires tracking and optimization (of packages and the hordes of new delivery people). Then other related stuff - remote communication, payments, etc, etc. There was just endless tech stuff to do. Even hardware stuff like drones had more demand.
There was also a sudden drop in things that rich people could invest in. Early 2021, a lot of companies decided capital was cheap and companies with good revenue started raising money, then hiring/expanding. Crypto boomed and bust again, but it fueled some more startups who made money off crypto infrastructure.
A lot of tech workers were forced to come to office during the pandemic. A factory worker might be a lot more tolerant to this. But I found it highly insulting and inefficient to risk my family's lives for something of lower productivity, and that was the last straw. Plus offices were poorly maintained and being downgraded at this point. I decided I did not want to return to office after the next lockdown and started job hunting at this point.
Mid-late 2020, people started quitting jobs. The surge in demand combined with the drop in supply created a kind of vacuum.
This probably wasn't felt in richer countries, but remote work meant that it suddenly made sense to outsource to other countries. In developing countries, we had a double surge from developed countries. Australians decided to outsource to Malaysia and other companies. Suddenly Malaysian companies were competing with Australian wages, making more people quit. I was personally getting offered 2.5x wages and the interview bar was much, much lower than usual. A good job used to take weeks of interviews, and now it was a weekend.
Mid 2021, remote/hybrid work was already offered up front. I basically rejected all interview offers that didn't allow remote, unless on site was necessary (e.g. drones or factory machinery). My sister was an intern and did the same - normally interns would be told to screw off for any disagreement.
By Aug 2021, I'd have a very good company inviting me to interview with them almost every week. Oil conglomerates, brands like Nokia and Motorola, Fortune 500, unicorns offering top tier wages and vacation time, small companies that pay well for routine maintenance work. Companies that rejected me in the past were suddenly offering the jobs again (you know that thing where they say they'd keep your resume on file?)
Eventually I did end up with a dream job, where I get to focus on making the users happy.
tl;dr: market forces created a lot of good jobs. So people are resigning and moving closer to theirs, which isn't necessarily better pay. Developing countries have a windfall thanks to remote, followed by startups, but the extra demand means everyone else feels it too.