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Those jobs reports might be crooked somehow, I don't trust them. Could be fake job postings (companies might do it for whatever reasons, e.g. for H1B PERM), or

by xpl 2y ago

Those jobs reports might be crooked somehow, I don't trust them. Could be fake job postings (companies might do it for whatever reasons, e.g. for H1B PERM), or duplicates. Or those are all simply low-wage jobs, which could be the simplest explanation. We need better statistics, because obviously those official reports do not reflect the reality many people face today. Something is off.

ericjmorey 2y ago
How are you so sure that you aren't the one that needs better measures of what's going on outside of your immediate field of view?
- xpl 2y ago
  I am not 100% sure in anything, but I'd like to see an explanation, why the internet is now flooded with stories like "I have 10+ years of SWE experience, sent 1000s resumes and got 0 interviews". It's crazy how often I hear about that. And not just in IT. Yeah, lots of job postings... yet somehow people don't get hired?
  - Workaccount2 2y ago
    Because virtually no one is an SWE? Software jobs were fueled by stupid startups creating flashy cash incinerators hoping to get bought up before burning out. Then interest rates came and gave VCs a reality check. It's unsurprising tech is going through withdrawal after the madness of 2020/2021.
  - trod123 2y ago
    Those stories are accurate and not just hearsay. First-hand experience here. Its largely because of third-party interference in the hiring process. There is no enforcement of fraudulent postings. GPT has made generation of in-differentiable scam positions cost effective. Head hunters are incentivized to engage in this activity since it concentrates value in their services. There are also some companies engaging in dubious legal agreements where they outsource their hiring to a third-party which is incentivized to engage in pay-for-play kickbacks among their real customers. There is also about an equal chance that this is either the Chinese government (causing sabotage), or monopolistic companies seeking to suppress wages. Bad things happen when the majority of people can't find work to feed their family, and there is no means to retrain.
shrimp_emoji 2y ago
There are 1,000,000 different ways to measure unemployment, and the popular ones stop counting people who have been unemployed for some amount of time and count 3 part-time jobs keeping someone afloat as 3 jobs. Sooo yeah. :D All the unemployment numbers are essentially fake. The article itself notes this as though in uncertain self-reflection: "And the number of people collecting weekly jobless benefits has risen to three-year high"

by xpl 2y ago

ericjmorey 2y ago

How are you so sure that you aren't the one that needs better measures of what's going on outside of your immediate field of view?

xpl 2y ago
I am not 100% sure in anything, but I'd like to see an explanation, why the internet is now flooded with stories like "I have 10+ years of SWE experience, sent 1000s resumes and got 0 interviews". It's crazy how often I hear about that. And not just in IT. Yeah, lots of job postings... yet somehow people don't get hired?
- Workaccount2 2y ago
  Because virtually no one is an SWE? Software jobs were fueled by stupid startups creating flashy cash incinerators hoping to get bought up before burning out. Then interest rates came and gave VCs a reality check. It's unsurprising tech is going through withdrawal after the madness of 2020/2021.
- trod123 2y ago
  Those stories are accurate and not just hearsay. First-hand experience here. Its largely because of third-party interference in the hiring process. There is no enforcement of fraudulent postings. GPT has made generation of in-differentiable scam positions cost effective. Head hunters are incentivized to engage in this activity since it concentrates value in their services. There are also some companies engaging in dubious legal agreements where they outsource their hiring to a third-party which is incentivized to engage in pay-for-play kickbacks among their real customers. There is also about an equal chance that this is either the Chinese government (causing sabotage), or monopolistic companies seeking to suppress wages. Bad things happen when the majority of people can't find work to feed their family, and there is no means to retrain.

shrimp_emoji 2y ago

There are 1,000,000 different ways to measure unemployment, and the popular ones stop counting people who have been unemployed for some amount of time and count 3 part-time jobs keeping someone afloat as 3 jobs. Sooo yeah. :D All the unemployment numbers are essentially fake. The article itself notes this as though in uncertain self-reflection: "And the number of people collecting weekly jobless benefits has risen to three-year high"