alt Hacker NewsI agree with you, but I forgot to mention that in the original reply I meant to say that "After the economy turns around, there is no point to hire me, an older guy with maybe a couple of gap years, who worked as a Uber driver for the last two years and can't leetcode".
But yeah, new graduates is going to suffer anyway.
And I'm scared of the collapse of the existing world order. Maybe we won't see a turn around for many years if it does collapse -- and we are already seeing many cracks on it.
New folks will never be hired. RIP to the CS degree.
Old staff will be exited. Especially senior and mid level management.
If you lose your job, you won't get the same comp again. The days of $500K TC are long behind us.
It's the era of downsizing and outsourcing while blaming AI.
None of this has anything to do with AI. That's just a scapegoat.
Google and Amazon are culling entire US teams and rebuilding them in Asia where the cost of labor is significantly lower.
The best thing ICs can do is fight for big tech monopolies to be broken up. (Call your reps leading up to the midterms.) If several members of the Mag 7 are broken up into smaller companies, that'll inject tons of energy back into the ecosystem and enable the wheels of competition and employment.
Bonus - if big conglomerates are fighting to pick up the pieces of a Ma Bell style dismantlement, they won't have time to manage teams 12 hours away.
Nothing against our colleagues in Asia. They're brilliant. But American companies built with American labor shouldn't shut us out in the cold while they reach record profits and continue to hollow out entirely new industries simply by outstretching their arms.