How long do you think it will take for the job market to recover?

The job market today seems to be an equation of duality. The economy is going gang busters, and even the tech world added trillions in the last 2 years. At any point in the last 20 years this would have been an employee market where tech employees would be in demand. However, now the opposite seems to be true. There may be a very few top of the cream folks that are in demand, specifically folks in AI or related. However, this is not a case where a great economy and good numbers every quarter is lifting all boats as expected.

I see something really off here. What do you think? Is there something larger afoot? Will we recover a pre-pandemic job market at some point?