alt Hacker NewsNah not really. People just started replacing COBOL with java and employers are wise enough to hire people who are 30-40 years minimum from retirement.
It can also be upgraded in smaller chunks and finding enough developers for the tool is an important metric corporate is looking at.
If anything, banks are actively optimizing for developer experience to make sure 60% of new hires don’t run away in the first year. If anything, banks are better at navigating those kind of structural risks, they were just slow on undertaking such risks exist.
If you have an episode of existential anxiety because of dat AI eating mijn job, getting a union job in a bank is a way to hedge this particular risk.
Replies
> employers are wise enough to hire people who are 30-40 years minimum from retirement.
Uhm... loyalty is punnished and workers need to change jobs to keep 'market rate' wages. So dunno about that.
I think it is more about that newcomers to the job market are easier to abuse.
> employers are wise enough to hire people who are 30-40 years minimum from retirement.
Well I hope they’re wise enough to not let any good employment attorneys catch wind because that’s blatantly illegal.
> ...employers are wise enough to hire people who are 30-40 years minimum from retirement.
Um oh yeah, the reason we're hiring 20-year-olds is because we want to ensure we have lifelong support for the new system we're writing. Not because they're cheaper, they're still idealistic and naive, they'll work long hours for foosball tables and stacks, or anything like that...