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One consequence here is that as fewer smart people will go into finance some of them will go into software engineering, driving down wages for junior developers
by DenisM 17y ago
One consequence here is that as fewer smart people will go into finance some of them will go into software engineering, driving down wages for junior developers. Bad news if you are a junior developers, good job if you are a manager (or plan to become one soon).
- Donald 17y agoAnother consequence of the current economic situation is a redistribution of business/entrepreneurial talent from the finance sector. This will naturally create more jobs in other sections of the economy, including technology. The pressure on labor you're thinking about is true, of course, but the jobs market isn't a zero-sum game. Creative talent can increase the economic benefit for everyone, even as others stream in for their piece of the pie.
- Empact 17y agoFor example, aside from the dozen or more web companies I know who'd love to be hiring programmers and expanding their business, there's also me, a lowly moonlighter. Were I able to hire and build my business to the point of profitability in the near term (I've yet to launch), I'd be able to hire still more developers to further the business and so on. Which all goes to say that there's not a fixed supply of jobs we're fighting for. We're working towards value, and value has a way of building on itself. If the software industry can create more value with those incremental workers, then the migration is good for us all.