Stack Overflow: 79% of Developers Considering a Career Move
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Factor in inflation since then and it’s a huge effective pay drop
https://www.zdnet.com/article/tech-salaries-are-dropping-her...
I think it’s pretty unevenly distributed. Definitely affecting some segments more than others. Everyone I know who’s a general purpose software engineer is worried (almost), but everyone I know working in AI really is not.
I’ve seen this show before though. This happened in 2001 and 2009 as well…
My pay peaked in 2001. If subsequent job moves and raises had kept up with inflation, I'd be making just under $150,000 a year today.
As it stands, the job market is so poor (and my skills need updating, to be honest) I'm having trouble getting a job that pays even $80k.
There are no jobs for me; even for positions that totally align with my skills, the employers express no interest. For one thing, they get hundreds of applicants per posting. For another, DEI.
One nice thing--my old employer is hiring me back on a consulting basis. Meanwhile, I'm retraining and looking into side hustles, AI-related opportunities, manufacturing (a lifelong interest).
Technology as a career is not dead, but it has significantly downsized and is no longer a guaranteed job.
Less than you think. In many of those the corporate issue machines are so locked down and the red tape so bad that just getting to a python hello world is a challenge.
I’ve used coding skills in accounting maybe half a dozen times in a decade.
No doubt there are exceptions but the 5 places I’ve worked for were 0 for 5
What is DEI?
Do you have a source for this? The closest thing I could find is [1], which says some Google employee (not the head of HR) suggested such a moratorium on an internal mailing list. It’s not clear that such a policy was ever implemented or even seriously considered.
[1]: https://thefederalist.com/2018/01/10/19-insane-tidbits-james...
Companies generally don't use DEI in hiring decisions since this would be a violation of anti discrimination laws (they protect white guys too). DEI only applies to the start of the hiring process to get more female and diversity candidates. Candidates still need the skills and background to make it the rest of the way. So when you hear someone complain about DEI, it's really a complaint that they no longer have the skills to get hired.
I often wonder who they have working there and applying that is so much better than me they won’t grant me an interview. I’ve always been a top performer so it’s really quite puzzling.
They’re cluttering up job boards because so few roles are available.
The corpos will never change their ways unless they are literally bleeding talent and money.
I get that we need this, but now is not the time to do it. It's an employers market and when you leave your current job, there will be 100+ applicants waiting to replace you and you will have just as much competition finding your next job.
> All the more reasons to make a move if you can.
So that you too can be one of the job seekers "desperate to accept lower pay, right now"?
Like waiting in the stock market, I would make my move when it's an employees market. This way, you actually have some negotiating power.
Source: I switched jobs at the end of 2019, got a 30% pay bump, then got laid off 3 months later.
If that money would be able to be spent on anything that the child desired, then I am sure that even a lower-SES would be more excited.
I fundamentally believe that the higher-SES you are, the more agency you have (especially financial), where lower-SES are in constant survival mode. It is hard to get excited by small sums of money when you know that it will just be immediately spent on boring things.