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

1 points by yalogin 1y ago ↗ HN

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?

5 comments

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[deleted] 1y ago ↗

(comment deleted)

Overtonwindow 1y ago ↗

I don’t think that’s a question We can answer at the moment, ask after November 5th.

yalogin 1y ago ↗

What is specific to Nov 5th?

erik_seaberg 1y ago ↗

https://en.wikipedia.org/wiki/2024_United_States_presidentia..., though the winner's policy will start after January 20.

gregjor 1y ago ↗

I suspect the conditions that led to massive over-hiring won't come back. A lot of software development got commodified. Lots of work out there on legacy codebases and in non-tech companies, but those jobs don't attract as much interest, and inexperienced programmers with narrow skills won't get considered by companies that can't or won't mentor junior people.

After the last two tech crashes -- 2000 and 2008 -- I fell back on enterprise logistics and maintaining legacy code. You don't see a lot of juniors looking at those jobs. If you want to stay employed and value a paycheck more than a sexy employer or following your dreams, learn Oracle or Salesforce.