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All things being equal, the simplest answer tends to be the correct one. AI, Interest rates, economic this or that, are all complex issues with many different
by imchillyb 3y ago
All things being equal, the simplest answer tends to be the correct one.
AI, Interest rates, economic this or that, are all complex issues with many different facets.
Software Engineer salaries were at an all-time high when the bottom dropped out of the job market for Software Engineers.
Paid too much. Explains the layoffs in companies doing well. Explains the sudden lack of interest in projects. Explains all of it. Simple.
Companies instituted a plan to drop the salaries of some of the most expensive tools they owned. Collusion? Unlikely. Lemmings is more likely. Well Company X did it. Maybe we should look into that ourselves. Do we need so many SEs?
Which is simpler? Earnings were too high and companies corrected, or some mysterious combination of economy this, AI that?
- quxbar 3y agoI would have agreed with you, but tech companies have done the collusion dance so much they've actually been caught: https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_Litigation https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...
- imchillyb 3y agoCollusion could be a factor, sure. But, is collusion the primary factor? I would argue that salaries and onboarding were primary factors with all else being secondary considerations. Instead of SEs demanding pay and benefits, now they’re beggars and beholden to the company for grace in hiring. Contrast this with two years ago. Companies were the beggars. SEs were the lords. The power dynamic has shifted, all at once, over the entire industry. Coincidence? Hardly.