When will tech jobs come back? Researching the 2024 Coding Job Market 

AI has contributed. Look at FAANG/MAANG - they have been firing in spite of a swell in their profit.

@@plop_plop_plop They overhired during the past 10 years, the fact is - they never needed that headcount.

@@plop_plop_plophas nothing to do with ai any time they lay people off their stocks rally… investors like when companies go lean in this economy because they’re showing they’re going to have a profitable year by cutting back meaning the investor can make money. So that positive feedback loop is hurting employers as these companies “right size”. AI has nothing to do with it. In fact, these companies aren’t innovating at all in this environment. They’re maintaining more than creating and that says a lot.

This. "We're using AI instead of expensive humans" doesn't sound good for potential employees or people reading the news, but it sounds great for stock prices. When a profitable company starts laying off thousands of people, it's all about stock prices, bonuses and greed. Tech has had ups and downs before. If the current downturn follows the same pattern, we should see a hiring frenzy when companies go back into growth mode. I'm guessing that will be when interest rates drop and venture capital starts flowing again, but maybe I'm just cynical. And no, generative AI won't be able to replace skilled software engineers. Have these people even used ChatGPT?

Developers were laid off to save money to buy GPUs. But AIs aren't good enough to actually replace devs.

I tried to be positive in the video… but the future is pretty dismal

I still see people on Reddit saying they have overemployment, meaning they have at least two jobs at the same time. I'm sure that's possible, but it would be kind of like having more than one spouse! One is quite enough! 😁

@@codingwithdee thank you for being honest. It won't take long till ai codes better than us.

What day job? :(

fuck i quit my job today

Life sucks

@@mostofamojlish8255 Welcome to life my friend! 🙂 One of the things I learned is humility and also why I failed during the recession where I fed on my ego. Buffet's famous saying is you can see who is skinny dipping when the tide goes out. Learn from it and be a better employee and grateful for what you have. In the end after 8 to 10 years I recovered in my mid to late 30s. These days I get angry at 23 year old 6 fig aires whining after that experience lol. Wisdom is gained

@@timgibney5590 May I ask what do you do now?

@@mostofamojlish8255 after the election Trump win will change the trajectory But all our tech idiots vote Biden We had surpluses jobs during Trump, everything was perfect other than the BLM democrats created BS

No that is not their future, there are million other industries to check and learn.

Yeah it is impossible to stand a chance if there are 100s of people applying. I think it shouldn’t be allowed to layoff positions that are already filled due to AI. Just seems so wrong

According the government numbers there are plenty of job openings, this Biden government is literally lying, cooking numbers and gaslighting people as if we’re the idiots. He imported 1.5 million international students, there is storage of H1Bs or L1’s, it’s all for cheap labor. He’s letting these companies ship jobs overseas, this government is soo corrupt, letting companies buy thousands of single home families, sending 100’s billions to other countries which is money laundering. All these democrats has to offer to win the election is do lip service about abortion rights, gay rights, and racism bs Now it feels like we actually shouldn’t have Women voting rights they are soo easy to manipulate by the government or corporations.

Ai isn't the reason for lack of jobs lol. It doesn't help but it's not the cause

Those numbers are not accurate. I read a post by a recruiter who said that typically only less than 10% of those applicants actually qualify for the job. Others don’t meet the minimum requirements (for example they are located in another country), or haven’t even applied - sometimes LinkedIn counts clicks on jobs as applications.

@@Digger-Nick Pretty much, we let go of Jr devs because of the companies' mistakes + covid. AI had nothing to do with it and we have not hired any new devs since. I am simplifying a lot of this, but other companies did the same.

Add on this these h1b tech workers fake most if not all of the work experience. They go these shady indian consulting firms to "market" themselves.

Not only visa candidates are competing white collar jobs, they also competing blue collar jobs too. Both blue and white collars are affected.

According the government numbers there are plenty of job openings, this Biden government is literally lying, cooking numbers and gaslighting people as if we’re the idiots. He imported 1.5 million international students, there is storage of H1Bs or L1’s, it’s all for cheap labor. He’s letting these companies ship jobs overseas, this government is soo corrupt, letting companies buy thousands of single home families, sending 100’s billions to other countries which is money laundering. All these democrats has to offer to win the election is do lip service about abortion rights, gay rights, and racism bs Now it feels like we actually shouldn’t have Women voting rights they are soo easy to manipulate by the government or corporations.

lol keep blaming on Chinese and Indians then if that makes you feel better. Do u know the percentage of companies that sponsor h1b? Do u know that why companies ask if you need sponsorship? Also do you know what perm is for green card application? Locals are definitely preferred. You have no idea how much efforts international students put in to get a good job, it’s thousands of resume submission and years of hard work. If u apply more than 1000 jobs in half a year and spend every spare time practicing leetcode and coding skills, and still not get a job, then blame.

​@@zhenjiantomwang0710The reality is you are completely wrong. Most of the coding jobs, that go to foreign workers, are low level jobs. Most of the H-1b workers, are freshers right out of college. We know this from statistics compiled by the U.S. government. We also know, most (more than half) of the H-1b visas go to Offshore Outsourcing companies, who bring in trainees. We know that foreign workers are protected from better qualified local competition, we know this from DOJ vs Facebook, where Facebook refused the free offer of the San Francisco Chronicle to place the Green Card certification job ads, also on the Chronicle jobs website. If it were truly an open competition for a job, Facebook would place these job ads not only on the Chronicle website (which they could do so, for free), but also on Facebook's own job's website. They never did. (BTW, the investigation found 2600+ cases of discrimination against better qualified local U.S. engineers by Facebook, over just a 1.5 year period covered by the investigation.) Instead. Facebook (and Apple did the same thing) buried the job ads in 2-Sunday print editions of the SF Chronicle, and would only accept a stamped letter containing a local's resume sent to a lawyer's office in Palo Alto. Because they were looking for foreign workers first and only. If Facebook was truly looking around, farily, and without prejudice, they would have not done these things. If it were an equal competition for a job, then Facebook would have allowed their HR to forward the resumes of the better qualified locals (they turn away). Better qualified than foreign workers doing the exact same job (but being certified for a Green Card), according to what Facebook's own HR personnel told Federal Investigators. Keep in mind, Green Card certification means you checked the local market first. Facebook deliberately did not check the local market. They in fact, lied when they said they did. They in fact committed MASSIVE discrimination against of U.S. nationality. So if you support such bigotry, they I do indeed blame YOU and everyone else who would support such racism. No, it is you who whine about having to compete with better qualified local U.S. engineers. You cannot defend such patently offensive and bigotted policies. Such policies are born of whining low level managers, that refuse to consider someone who is not from their own country. And immigration lawyers work with low level managers, to craft a competition protection scheme on their behalf, that prevents Facebook from acquiring the best talent for the job. It is corrupt. It is a fact bigotry and discrimination, by the very Federal definition of discrimination in the workplace. If this case were in any way not true, Facebook would have let the case go to trial. But no, Facebook never challenged the case in court, because they knew their own personnel were telling the truth, they would have lost, and it would have been ugly. The statements made are also supported from evidence gathered from the San Francisco Chronicle. We have strong, and complete evidence that mid-level managers, from a certain country, engage in job discrimination against better qualified local engineers. Please go read these indictments. Also, do some real research. Also, don't be tone deaf to the reality of the last 2-years. There is no shortage of local engineering talent in the U.S. already, yet there were still 400,000 requests for H-1b visas. And that occurs because mid-level managers refuse to look in the local market for the abundant local talent.

The issue is futher exasperated with highschool and college seminars falsly telling students there is a huge demand for tech jobs and encouraging students to pursue tech creating more and more demand as they graduate.

I'm in a doctoral program and believe me, there are a lot of idiots making spaghetti

​@@rtothec1234 you're worried they're doing a better job than you? 😂

​@@rtothec1234if you're worried of bootcamp grads taking away your job you should resign right now. You're unworthy bruv😂

​@@Draxare you mean supply.

Become a police officer. It is a shit job and field that not a lot of people want, so that means you can get in easily.

Well it’s interesting how you don’t hear of the executives getting laid off or taking pay cuts. If a company has to resort to laying off departments then surely there is an issue with leadership for not leading correctly ☠️

@@codingwithdee Actually executives get bonuses for having still a positive bottom line in a crisis. They are actually willing to sacrifice the future of the company for their own short-term profit. Are are more-or-less doing a Boeing.

AI is trash, it’s just hype, in fact they are moving jobs overseas

very likely in the US, because the US has been absorbing a lot of the world's tech workforce due to bottomless financing by big tech and venture capital I would speculate that most of the world actually needs a lot more tech workers with lots of unfilled job postings, the problem is that the salaries of tech workers in the united states are drastically blown out of proportion, so that if you are to work somewhere else you will have to lower your salary expectations a lot even in my own country of Norway, for instance, which is a great country to live in and very wealthy, with lots of available tech jobs for anyone with a solid education or significant experience, you still have to lower your salary expectations compared to anything found in Silicon Valley

@@theamici aborbing? But the numbers show the workforce is shrinking

What's that skill thou

that's a good question

Basically what my company did. Fired a bunch of US staff and opened an office in India. No H1B constraints with foreign direct hires.

Ahhhh companies aren't they beautiful?

I do the same but for a bank (i have a pension like the govt), but since it's private sector, nothing is secured.

"...when they get Biden out of the white house" ???? Get serious. Getting Biden "out" will not help boost tech jobs, but it will make life harder for all the people out of work or underemployed. You know Fat Cat CEOs will love the tax breaks Trump is promising but all that will just line shareholder pockets. Sadly, whichever way the election goes, I don't see that "The sun will come out tomorrow", Annie.

@@VTSifuSteveTax cuts create more jobs. The rich create jobs. This is basic economics. The only problem with tax cuts is that it increases the national debt. Trump also put heavy restrictions on those h1b visas. He needs to be put back on office

@@VTSifuSteve Trump was president we all had tech jobs , Biden created inflation and high interest rates by printing money sent it all to Ukraine and israel

there is a shortage of medical personell in general in the world (and always has been), so that if you do decide to become one, you're likely to have a very secure future with finding jobs with decent salary

AI is capable of taking jobs. What happens when AI enables one employee do the job of three? Instead of having a team of nine engineers, now you only need three in order to remain just as productive. It seems these companies are always looking to cut costs and trim fat whenever possible.

@@chrisstucker1813 think about this, AI already allows me to do the job of 3-4 engineers. Now I am a single handed threat to some tech companies products. I am already working on a competitor to one companies main product while they are busy firing their techs to prop up their stock price.

@@chrisstucker1813 what happens when a couple of motivated techs using AI can now compete with a tech companies entire development team? They get coded out of existence, thats what. We are at the beginning stages of a all out tech war enabled by this technology.

yes AI(anonymous indian) will take your job

people like you are living in a dream world. Everything she said is completely accurate. The tech market has crashed big time partly because of the economy and partly by AI. Why should she sugar coat her findings just so you can sleep better at night. The reality is by the time the economy has recovered, AI will have completely replaced 90% of software engineers. The tech industry will never be the same again. If I was you I would start retraining to become a plumber, construction worker or some manual labor job because the tech space has changed forever and will never go back to what it was. The tech space will only now be a place for the nerds to which it was initially intended for. You are now up against hundreds of thousands of people going for the same job, which will eventually get replaced by AI. It was fun while it lasted 😂😂😂😂

Why do you care so much about that? There are no single correct pronunciation of words. Ever heard of accents?

This young lady speaks beautifully and clearly, with a bit of an English ...and perhaps Indian(?) accent. Not to mention that she's stunning. Either you're a hillbilly or you're just bitter!

“Invest multiple years of your life and thousands of dollars into getting a piece of paper that has previously never been needed in the field you likely already have established years of professional experience in without a degree.” Sound strategy.

A degree shows an employer that you can show up somewhere consistently for four years and that you are able to get your work done. It also teaches you how to learn. Sure, you can learn how to code on Udemy or whatever and you can get a job if you’re good, but if you did not learn any work ethic during that period what use was it?

have people become more dumb when a calculator was released? Mathematics of that time was saying the same thing I suppose. I think that nothing has changed drastically here, after a while the complexity of tasks will increase to the level unreachable for LLM, and companies will need more workers again, just more qualified..

@@aksel58 As a matter of fact, yes. Most people wouldn't know how to survive, if they were abandoned in nature, away from society. Prior to the industrial revolution, everyone knew how to live off the land and not be dependent on society for their survival.

​@@aksel58Yes, because people used to know how to do complex mathematics without a calculator. Some could do it in their heads. 🤷🏾‍♀️

It’s not AI, it’s the corrupt Biden government letting these companies run the country According the government numbers there are plenty of job openings, this Biden government is literally lying, cooking numbers and gaslighting people as if we’re the idiots. He imported 1.5 million international students, there is storage of H1Bs or L1’s, it’s all for cheap labor. He’s letting these companies ship jobs overseas, this government is soo corrupt, letting companies buy thousands of single home families, sending 100’s billions to other countries which is money laundering. All these democrats has to offer to win the election is do lip service about abortion rights, gay rights, and racism bs Now it feels like we actually shouldn’t have Women voting rights they are soo easy to manipulate by the government or corporations.

I hope you're right and wrong at the same time, because if they resolve it the way they've been doing things till now, it's gonna make Soviet Russia look better.

@@snorriivan6365 human objective is to overcome all nasty challenges designed by man, G-D picks the ones with integrity and ethic. When it is all over, all of them will go shick Shak shock😅😂🌹

Nooo come on I’m South African, it’s my accent. And technically, the British pronounce technology similarly. And well you know, they did invent English….

@@codingwithdee Ahh! You're South African! I caught the English accent, but wasn't sure what else I was hearing. Anyway, you speak beautifully and clearly, and it's obvious that you are a native English speaker ...at least to anybody who has travelled and is familiar with English spoken outside of their own particular region! People, especially in the USA (where I'm from), are often disappointingly parochial.

Don’t mock my saffa accent!

That’s just my accent, I’m South African. I’m not changing the way I speak

@@codingwithdeeI love your accent. Pleasant on the ears

"AI will eventually replace all of you." Not me! I'm not in tech ...and I'm retiring at the end of this year. I'd laugh and call y'all "suckers" except I've got a son who was a well paid tech wiz, who got laid off and is now working floor sales at Home Depot. Dismal!