4 ms·
About 5 recessions in my life's rear view mirror and looks as if we're in one now. For those of you new to this, and if we're in-fact in a recession: - Almost
by howmayiannoyyou 3y ago
About 5 recessions in my life's rear view mirror and looks as if we're in one now. For those of you new to this, and if we're in-fact in a recession:
- Almost any job is preferred over no job at this time.
- Some cities in the US are a bit less impacted by recession (eg. Omaha, Nebraska), or have labor shortages because the area offers zero glamour and zero Starbucks.
- Technical skills are needed by USGOV, directly and generally not via body shops. Your country needs you if you're in the US.
- US has a shortage of skilled blue collar labor. Welding, electricians, plumbing, fabrication, etc. Manufacturing in the US is on the rise, though likely never to achieve the rhetorical aims of policy makers. Consider a career change.
Recessions are an inescapable event in any economy, and we were/are overdue. Bad times separate well run and well capitalized businesses from those less so. Such times reward productivity innovations. And, those of you resilient enough to persist & position yourselves smartly - get rewarded during the next boom cycle.
- tootie 3y agoThe current situation is absolutely nowhere near a recession. That being said, recessions are measured in very aggregate terms. In aggregate, the US and world economists are in a boom by any broad measures. But during a boom, some sectors or regions can be doing much worse than everyone else. I'm honestly not even sure tech is in much of a downturn. We've just gotten used to extreme boom times and this is now just kinda mediocre.
- twojobsoneboss 3y agoIt’s definitely a recession for US based tech workers
- tootie 3y agoI really, really don't think so. Not in absolute terms. A lot of people got used to life on easy street with remote work and sky-high salaries. I think that has made a lot of software people complacent and picky. If you want a job, any job to put a roof over your head, it's still easier than the national average and the national average is also really, really good. The current data says the unemployment rate for software engineers is just 2.4% which would probably still qualify as a labor shortage. https://www.comptia.org/newsroom/press-releases/tech-industry-employment-grows-for-second-straight-month-job-postings-for-future-hiring-rebound-comptia-analysis-reveals https://www.comptia.org/newsroom/press-releases/tech-industr...
- asynchronous 3y agoIf this isn’t a recession I fear it’s just the new normal of being an employee in the modern world. Tech stocks have literally never been higher and yet they continue to lay off % of staff. Ridiculous.