> Finding the IT workers they need to meet hiring goals or complete projects is a struggle for more than two-thirds of executives
This should tell you everything you need to know about the market. Jobs are being added, but the quality of jobs has deteriorated. If 1000 people were laid off from Google and 1000 jobs opened up for contract roles in consultancies that pay below market wages, I would not call that normalizing.
Anecdotally, it is still very hard to find a reasonable paying job. I’m not talking Google/Facebook salaries, I’m talking engineering at Albertsons salaries.