High inflation is already here, but recession is round the corner and mass unemployment will follow. Automation will result in UBI, but hopefully webdevs like us will not be replaceable any time soon.
I'm overbooked with dev work as a freelancer. Diversifying clients has always had its perks. 1 of 10 clients leaving you hurts a lot less than losing 1 of 1 jobs. I'm currently seeing some niches doubling down on investment in tech while big dogs with overblown budgets recede. When people get forced out of the labor market, they innovate and go online with their business. They need help getting online...
Speaking of making other people's lives easier - I had a manager in a company I worked for that gave me very valuable feedback when I was leaving the company - he basically told me that the less involved your managers are with issues you have at work, the better. Basically the more time you're saving them, the better they will perceive you - if there is a problem, mention it, but also offer a solution and then implement it. They don't want people who are going to be constantly complaining about issues, but problem solvers. As you said - people who make their lives easier. That's at least what my understanding is, but you have more experience than me, so maybe you can say if that's wrong?
@@AgileDeveloper-v2z Yeah, my question was for him and it's about whether that's a good example of what he meant by "making other people's lives easier". Maybe my example is narrow and he could expand a little bit. I don't know, and that's why I asked.
I don't see the "usual" recovery from recession that we normally see every ten years or so. I think this decline (planned or not) will be here longer term.
Just wait for all the zombie tech companies to run out of borrowed money and not be able to roll over the debt. Mass tech layoffs from businesses no more. This thing is just getting started
@@humansaremortal3803 He's full of crap for the most part. He is a guy with a psychology degree who learnt some basic web dev in the 90s (when the web was really basic and any dipshit who could make a header in HTML could make bank) and frankly his ideas and knowledge are incredibly spurious, to say the least. His target audience is wannabe brogrammers who lap this all up as if he were some ex Googler with a PhD in CS from Stanford. He seems to be one of these guys from the dot com era who has made a living charging people for subpar websites, who then pivoted in to "writing instructional books" and YT once the space for those cowboys dried up in the last 10-15 years. More fool anyone listening to this. I don't even know why this guy was recommended to me. Please do better YT.
You are like a diamond in the rough. Only a few programming channels have the experience and sagaciousness like you do, because you have seen a lot though years!
@@adrian-4767 You are kidding, right? Both jobs took around 4-6 hours of my daily work. Sometimes it is 8 hours. It depends on the company, to be honest. There are companies where you will be pressured to do many things and have many responsibilities. Just don't go there : ) Don't be a team leader as well. The best position is a Senior developer in this case. You can estimate a story for around three days but do it in a couple of hours.
FU money is i dont need any job money. What your talking about is a basic backup/ or personal savings. Thats like what all people should have. FU money is beyond retirement money
The problem with trying to determine how safe your job is, is that you may move to a worse situation. So many people have left my current company, that I don’t think they’ll be able to afford to let the skeleton crew go. I’m in a very capital intensive business. If we hadn’t lost so many I’d definitely be looking around now.
Hey Stef, is it true that Canadian Maple Syrup is a valuable asset and hedge against inflation? Would you add a few barrels in addition to Fu-Money? Thanks for the advice. 🖖
I work for one of the biggest vendors in the World. Many projects have been stopped lately. So I'm 100% sure we'll be in a Recession soon. But I believe I would be a lot more worried if I was at a Startup. I am taking Michael Burry's advice and becoming a more valuable professional, so everyday I study at least 2 hours to show more results at my company. Relevant projects and relevant professionals will remain.
If / when my company makes me redundant I'll get at least 1 year's salary in the package. But I'm learning new skills right now. Prepping for certification in Alteryx & I've nearly finished Stef's Python course, then I'm taking Harvard's free online CS50 course. 😎
Dont act like developers have to worry about the recession lol, yes you will get a paycut most likely through inflation but there will always be jobs for developers.
Well, I am assuming if there is a recession then that also means it will become even more difficult to find work if you're trying to become a developer. Because of this I went from learning JavaScript to Php. I still plan to still use JavaScript, but I figured let me focus more on Php. Maybe look into freelance work which I hadn't considered before. Gave myself a deadline to start working on a project by next week Monday. Now I am focused on learning Php Syntax since it is a bit different from JavaScript. Stef, Question? Do you think it is a smarter move to focus on Php over JavaScript? I ask because I noticed there are a lot of people focused on the MERN stack and I also see less focused on the LAMP stack. Figured maybe it would be a smarter move to try older technology? What are your thoughts and thanks for the video, the recession had me worried a bit, it effects all industries?
Hey Uncle Stef this has nothing to do with the video but i didn't know how else to reach out..I noticed what i think are bugs in the studio web web developer course..some of the questions will deduct points even if the answer is correct..that has just happened to me ..so i refreshed the page typed the same exact thing and the code passed ...not sure if that is a browser issue or what ..just thought you should know.
A friend has 5 yrs of F.U. money as well as a large investment in the energy sector. She quit the web dev life in favor of trying to write screenplays because of the drop in quality at Netflix. Assuming her screen writing doesn't take off, how soon should she get back into the rat race?
She should transition into the screen writing game. So for example, tell her employer that she can work say 20hrs / week. Or do a few freelance jobs on the side. This way, she has cashflow, contact with the industry and time to write her stories. I support what's she's doing BTW. Good stuff!
@@StefanMischook Excellent advice! She has the leverage, she should use it in a way that preserves it while she transitions over. She'll read this before I can pass off this advice as my own. Cheers!
@@StefanMischook I have questions for you if u don't mind me asking , I'm going college in the fall for coding , they want me to first take Object-Oriented Programming Fundamentals do I need learn a language for that or I don't understand what it actually teach Thanks you for your help and hope hear back from you and srry for asking but u seem like a smart dude
Wow I feel like I'm getting on the same page as you mentally, I have yet to get my solid structured Foundation down but as soon as I do I will get to refactoring, right before you had said it, you had mentioned refinement, and I was already thinking you're about to say refactoring LOL my guy🙏✊️☑️✅️✔️
Surely the best way to diversify in tech is to have a solid background in the fundamentals of Computer Science and Computer Engineering. And the best place to get that is with a CS or CE degree. Y'know, those things "Stefan the wise" has been telling all you wannabe devs for years you "don't need". People like this have been shilling shortcuts and crappy bootcamps for years now and gullible people have been lapping it up. Well the pied piper has come to collect, and it will be the people with strong CS and CE backgrounds who will be able to pivot quickest and best. As they were back in 2008. It's not people with CS degrees and some experience who need to worry. They'll still be fine. It's the people who went all in on some fad like React and did a bootcamp at the expense of learning CS properly who will soon be looking for other work outside of tech. Just like all the "self taught web devs" from the dot com era who had Sociology degrees were suddenly caught out in 2008. If you notice there's quite a few YTs who have a background like that who mysteriously started to write blogs and crappy e-books and then made YT channels shortly after 2008. Funny that. Almost as though they couldn't get a job after their gravy train was over and had to resort to shilling content and course to make a buck.
@@StefanMischook Thank you for existing as a light that's guiding me towards my peace & freedom sir ❤️🙏🏽 Wish you nothing but good health & fortune. 🖖🏽
I'm sorry, but this advise is nonsense. Staying on the bleeding edge is wonderful for the employer. Bringing value is wonderful for the employer. On and on. The risk reward ratios just don't make sense. Spend tens of thousands of hours staying on the bleeding edge. Only to use and get paid for about 2 percent of what you learn. Great for the employer who is not paying anything near your real costs to attain all this knowledge. Save your company from a three million dollar law suite, get a beach towel with the company logo and a pay cut to inflation. Bring in a couple million dollars in additional revenue it would not have gotten otherwise, get a backpack with the company logo and a pay cut to inflation. Bring in a 600,000 dollar per month income stream in perpetuity, get a pay-cut do to inflation and nothing else. Get laid off anyway. Lets face it software engineering is nothing but a game of what have you done for me lately. That was great for yesterday, but what are you going to do for us next week. The value you bring in only makes the CEO/CFO/stock holders richer. While the vast majority of software engineers get low pay as a percentage of your value, yearly pay cuts to inflation, and then you get laid off/off shored/out sourced/age discriminated. All this advice leads to getting all these wonderful perks anyway.
