How Programmer Jobs get created and destroyed, & how AI might change that.

The economics of how tech jobs get created and how layoffs happen is worth understanding if you're not sure how AI might fit into it.

00:00 Previously on ‪@InternetOfBugs‬ vs AI
01:50 Caveats: US Only, not Gaming
02:33 Building vs Maintaining
03:46 How Projects get funded
05:08 Hiring process
07:42 How the last decade or so has been unusual
10:26 How AI might change that
11:19 Enter the Stock Market
12:47 How Layoffs get decided on
15:58 How to ride out the apparent downturn
21:37 Bad advice from people who have never experienced a downturn
24:38 Resources on How to look for a job

Resources:
My video on job hunting vs AI resume bots:
   • Software Engineers REAL problem with "AI" ...  

My video on starting your own project (more of these to come):
   • Starting a side-project: Why you (and most...  

Books for job hunting:
www.amazon.com/Your-Well-Before-Youre-Thirsty/dp/0…
www.amazon.com/Never-Eat-Alone-Expanded-Updated/dp…
www.amazon.com/What-Color-Your-Parachute-Meaningfu…

#Articles on AI Powered job applications:
www.404media.co/i-applied-to-2-843-roles-the-rise-…
www.fastcompany.com/3069166/i-built-a-bot-to-apply…
www.wired.com/story/this-ai-bot-fills-out-job-appl…
www.semafor.com/article/09/12/2024/linkedins-have-…
www.businessinsider.com/job-applications-hiring-ai…
hactarai.substack.com/p/how-an-ai-bot-transformed-…

How the stock market is reacting to AI from ‪@NobodySpecialFinance‬
money.usnews.com/investing/articles/are-we-in-an-a…
   • Big Tech is Now Trapped in a Cash-Burning ...   [Big Tech is Now Trapped in a Cash-Burning AI Dumpster Fire]

On Stock Buybacks
www.marketwatch.com/livecoverage/stock-market-toda…]
www.schwab.com/learn/story/with-rate-cuts-ahead-st…
press.spglobal.com/2024-06-17-S-P-500-Q1-2024-Buyb… 23-12-month-Expenditure-Declines-4-8-from-Previous-Year,-Earnings-Per-Share-Impact-Reverses-Showing-First-Gain-in-Five-Quarters-Buybacks-Tax-Results-in-a-0-47-Reduction-in-Q1-Operating-Earnings-an

On professional Networking:
careers.umbc.edu/students/network/networking101/
moody.utexas.edu/sites/default/files/Networking%20…
www.linkedin.com/pulse/new-survey-reveals-85-all-j…
core.ac.uk/download/pdf/326045591.pdf

Charts of tech jobs over time
www.stlouisfed.org/-/media/project/frbstl/stlouisf…
www.stlouisfed.org/publications/regional-economist…
www.stlouisfed.org/publications/regional-economist…
wolfstreet.com/2024/01/07/which-industries-lost-jo…
www.bls.gov/charts/employment-situation/employment…
fred.stlouisfed.org/graph/?g=1gFn7
fredblog.stlouisfed.org/2023/03/was-there-a-tech-h…
www.stlouisfed.org/publications/regional-economist…
www.statista.com/statistics/200003/number-of-job-o…