This video needs to be played at EVERY high school and Freshman College class . Learning how money works & the horrors of living independenly is something we ALL wish we prepped better for
And this was the goal of "everyone can code" a campaign promoted by tech giants like Microsoft and friends
As a CS student im tired of all the bullshit happening in the sector
As a programmer, if you work hard enough you can’t live over 60.
overflowing of talent, yet companies " we can't find any qualified candidates and need h1b visas"
Golden age of Tech was before 2010 for sure. Supply and Demand. The entry barrier is simply too low now…
We should create a tax on all outsourced code to reduce tax optimization by tech companies.
I feel like this is an ai YouTube channel
7 Years as a Tech Recruiter and I've never seen the labor market this bad. At this rate, I'm better of pivoting into law school and calling it a day!
The decrease in salary is due to outsourcing and H1B abuse
It's all a matter of perspective. I worked at Big Oil and Banking previously, traditionally considered lucrative sectors. After I moved into tech, the amount of money I'm making blows my previous jobs out of the water. This is even accounting for the lower salary growth in recent years. I wouldn't have imagined making 200k+ a year at 30. I don't need to make the insane 400-600k salaries we've seen during the COVID period. FAANG+ may not have the same reputation as it did a few years ago but it's objectively better than working in most other F500 companies.
“Have their salaries reduced to 90,000/yr” gee, oh wow, I feel so bad for them 🙄
I think it's not just AI but the vast number of templates available online for making fancy videos and probably anything you can imagine . That's the real consequence of the subscription economy. Things change really fast because you don't need to keep making new discs. We just need more data centers.
We need to make it harder to Outsource. Thats whats really killing us. AI isnt there yet
It is critical to understand the market. There is not enough demand to hire all those IT workers (college educated or bootcampers). With that many supply of workers, companies are not in any urgency to hire making them going over many rounds of so-called interviews and low balling them with crappy salaries. If you are an american planning to get into IT, you should reconsider the market is not at its best and there it appear it will stay like this for a while. If you got laidoff and have not find any jobs lately, I think it is time to shift to something with higher demand
Pro tip for any Software developer > put yourself out as AI developer lol, managers have no idea what is AI and what is basic scripts/ software... Of course it was growing during covid , as many other jobs could not be done remotely...
Even with this 'lowered' wages for tech employees, they are still much higher than wages for people in other fields including finance and marketing. There used to be more demand than supply in the past for tech professionals, leading to high wages. Now, with lower demand, the wages are still high, just not as high as before, combined with higher competition (as in many other fields).
i got a job offer for $20 an hour on a position that was going for $65,000 just two years ago. major tech company
This is why remote work is a blessing. Example: Seattle salary, but Kentucky cost of living!
@EconomyMedia