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Not dismissing that it’s a tough market for some but folks also need to learn how to read a chart. It shows a slight decline following a massive expansion. The
by cmiles8 8mo ago
Not dismissing that it’s a tough market for some but folks also need to learn how to read a chart. It shows a slight decline following a massive expansion.
The primary thing going on in the market right now is a lot of companies simply over-hired during the post Covid boom and they’re correcting for that.
- raincole 8mo agoThings look crazy around 2022 in hindsight.
- kerbs 8mo agoLooked crazy at the time too!
- y-curious 8mo agoBootcamp grads getting hired at huge TC and everyone thought it would never end
- shagie 8mo agoEven the ramp up in the late 2010s with the increase in "software publisher" hiring was crazy. Covid put a dent in that, but the increase in the increase in hiring goes back further than the post covid boom.
- dmix 8mo agoThis has been pointed on HN about 50 times but the headlines keep coming.
- daheza 8mo agoI don't believe its over hiring I believe its offshoring. Blaming Covid after so many years doesn't make sense.
- loeg 8mo agoPeople have been booggeyman'ing offshoring since before I entered the industry and it's never been all that significant of a factor. Time zones are a big piece but there are a lot of other factors that make offshoring less appealing than a naive analysis of Fully Loaded Cost per head.
- DangitBobby 8mo agoHow would you it hasn't been a significant factor? We've had offshoring this whole time.
- loeg 8mo agoThe US tech labor market is much more of a seller's market than when I started. Domestic demand has grown faster than supply, despite any offshoring that has also happened.
- mech422 8mo agoIf offshoring started before your time, that might be coloring your perception. I had already been working in tech for decades when the offshoring craze started. It was remarkably similar to the current 'ai craze'. Loads of jobs lost, predictions it was the end of (on-shore) programming, long job searches (and even longer ones for recent grads, etc. All in the name of 'cost reduction'. Thing is, in a couple of years when the savings didn't materialize/live up to expectations, companies started hiring on-shore again (and even paid better!). Now, offshoring is just one more tool. It still exists, it's still used - but it didn't destroy domestic programming market. Personally, I think AI will follow the same trajectory. Its gonna be rough, but then it won't be the 'magic bullet' management wants, and they'll start hiring again. AI (just like offshoring) will still be there, still be used - it will just be a tool rather then a complete replacement.
- loeg 8mo agoThe offshoring doomsayers made it seem like offshoring would contract the domestic market, but in fact the US software labor market has grown by >100% since that time. Median software engineer compensation is up something like 90% over inflation over the same period. Clearly it hasn't been all that big of a problem for SWEs in the US.