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Still waiting on the IT sector to recover. If I were of a conspiratorial mind, I would suggest the wealthy are trying to tank the economy temporarily (specifically in left-leaning spaces like much of IT) because that is the strongest predictor of election outcomes. But I just can't bring myself to believe they would all be able to coordinate that without someone trying to fuck the rest over. I suppose we'll see.
When my dumbest friends on social media and IRL were coming up and saying “oh I’m in IT just like you” I feel safe saying it wasn’t a conspiracy and just too many damn people in the field.
IT was particularly oversaturated, but STEM as a whole has been hit pretty hard. There's no startup money left so you either got established and are no doing government contracts, are somehow still convincing other billionaires to give you money because you're a billionaire(the last place I worked at), or just shut down. The tech bubble burst. With interest rates up and the economy on the edge, money is "better" put into buying real estate. Buy single family homes and rent them. Buy franchises for the land, sell the company, the lease the property.
Between ignorant leaders believing GenAI will replace ~30% of their workforce, covid over hiring, and shitty tax laws we got the shaft in IT.
https://blog.pragmaticengineer.com/section-174/
I had no idea about any of that. Good link. Thanks.
Its in the report:
"Professional, scientific, and technical services added 32,000 jobs in May, higher than the average monthly gain of 19,000 over the prior 12 months. Over the month, employment increased in management, scientific, and technical consulting services (+14,000) and in architectural, engineering, and related services (+10,000). Specialized design services lost 3,000 jobs."
Oh good. It's just me in particular that is fucked. That's nice.