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Ok. So why? What's changed?
by snapetom 2y ago
Ok. So why? What's changed?
- moate 2y agoThe technology, the types of software being developed, what the major players (FAANG, etc) are focusing on, the rise of AI, the wealth of information available on the internet, the hardware, politics, etc. etc.
- warkdarrior 2y agoAccording to the article: "The tech industry of 15 or 20 years ago was, again, *dramatically* different from tech today."
- snapetom 2y ago"Dramatically!" Therefore, old career tech advice doesn't apply anymore. Gotcha. Thanks, Captain Obvious? This blog doesn't really say anything is my point...
- Apocryphon 2y agoInterest rates.
- redeux 2y agoTo put a finer point on this that others may miss - when interest rates are low as they had been from 2009-2021 “money is cheap.” When money is cheap, companies can spend more of it on growth and when companies are in growth mode they spend more on staffing, and especially dev teams. So, naturally during that time period the job market was very hot and job hoping was easy. Now that interest rates are higher, money isn’t as cheap, which means companies can’t afford to spend as much on growth, which means that the job market is much cooler.
- disgruntledphd2 2y agoTo elaborate on this, higher interest rates mean that money in the future is less valuable than money today, which means that investments in software etc have a higher bar to pass to be worthwhile doing.