4 ms·

If skills shortage is so prevalent then why is the job market in the toilet?

ghaff 2y ago
It's mostly not except to the degree that for some things expectations were set unrealistically high compared to any reasonable historical norm.
bitlax 2y ago
We just experienced the low end of the 10-15 year cycle.
- Maximus9000 2y ago
  Do you think it will bounce back? or was 2021/2022 the peak of a long and slow decline in tech jobs.
  - wil421 2y ago
    Ask people in 2000 or 2008. Peaks and troughs, peaks and troughs with salaries going up over the long term.
    - ghaff 2y ago
      And it's certainly possible that CS/programming/etc. largely remains a solid engineering/engineering-adjacent career but some of the geo- and large tech-specific compensation is mostly an anomaly.
      - wil421 2y ago
        Agreed, I’m not in a HCOL location and that’s my experience. I will say the BLS growth trends for SE/CS/IT/tech degrees are not showing as strong of job growth as they were 10-15 years ago.
hindsightbias 2y ago
> With AI ‘sucking the air out of almost all non-AI investments in the whole tech world,’ companies are cutting what they believe are unnecessary jobs Not enough AI on your CV. Is there a php or perl scripting AI yet? I imagine a future of lots of little AIs that know their own out-of-fashion domain talking to a bigger AI. Maybe layers and layers of AIs. I wonder if they'll have meetings or chats. Maybe we can give them ambition to self-automate or create new layers.
deleted 2y ago
[deleted]
otikik 2y ago
That's because the shortage is of underpayed tech skills.
- belter 2y ago
  That is normally reported to the candidate as him/her being too skilled for the job :-)
Joeboy 2y ago
Going by the article, I guess that would be because the applicants don't have the skills that are in demand. The top one being "Business AI skills (i.e. prompt engineers, low/no code developers, business analysts)". Much fewer respondents cited a gap in "Software development skills", which I guess is what most applicants here have.
mcphage 2y ago
Causality is the other way—the job market being in the toilet is causing the skills shortage. Why don't companies staff up, then? Yeah, good question. I think they're trying to see how long they can ride along on "what we've got now is good enough" and then when they've find out they can't, it's going to hurt.
xnx 2y ago
Is the job market in the toilet? "Friday's job report may mark longest stretch of sub-4% unemployment since early 1950s" https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-dip-as-growth-concerns-linger/card/friday-s-job-report-may-mark-longest-stretch-of-sub-4-unemployment-since-early-1950s-deutsche-bank-says-8jhKXACyxc7SjfnNDgNs https://www.marketwatch.com/livecoverage/stock-market-today-...

It's mostly not except to the degree that for some things expectations were set unrealistically high compared to any reasonable historical norm.

bitlax 2y ago

We just experienced the low end of the 10-15 year cycle.

Maximus9000 2y ago
Do you think it will bounce back? or was 2021/2022 the peak of a long and slow decline in tech jobs.
- wil421 2y ago
  Ask people in 2000 or 2008. Peaks and troughs, peaks and troughs with salaries going up over the long term.
  - ghaff 2y ago
    And it's certainly possible that CS/programming/etc. largely remains a solid engineering/engineering-adjacent career but some of the geo- and large tech-specific compensation is mostly an anomaly.
    - wil421 2y ago
      Agreed, I’m not in a HCOL location and that’s my experience. I will say the BLS growth trends for SE/CS/IT/tech degrees are not showing as strong of job growth as they were 10-15 years ago.

hindsightbias 2y ago

> With AI ‘sucking the air out of almost all non-AI investments in the whole tech world,’ companies are cutting what they believe are unnecessary jobs Not enough AI on your CV. Is there a php or perl scripting AI yet? I imagine a future of lots of little AIs that know their own out-of-fashion domain talking to a bigger AI. Maybe layers and layers of AIs. I wonder if they'll have meetings or chats. Maybe we can give them ambition to self-automate or create new layers.

deleted 2y ago

[deleted]

otikik 2y ago

That's because the shortage is of underpayed tech skills.

belter 2y ago
That is normally reported to the candidate as him/her being too skilled for the job :-)

Joeboy 2y ago

Going by the article, I guess that would be because the applicants don't have the skills that are in demand. The top one being "Business AI skills (i.e. prompt engineers, low/no code developers, business analysts)". Much fewer respondents cited a gap in "Software development skills", which I guess is what most applicants here have.

mcphage 2y ago

Causality is the other way—the job market being in the toilet is causing the skills shortage. Why don't companies staff up, then? Yeah, good question. I think they're trying to see how long they can ride along on "what we've got now is good enough" and then when they've find out they can't, it's going to hurt.

xnx 2y ago

Is the job market in the toilet? "Friday's job report may mark longest stretch of sub-4% unemployment since early 1950s" https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-dip-as-growth-concerns-linger/card/friday-s-job-report-may-mark-longest-stretch-of-sub-4-unemployment-since-early-1950s-deutsche-bank-says-8jhKXACyxc7SjfnNDgNs https://www.marketwatch.com/livecoverage/stock-market-today-...