But I take it you didn’t live through ‘01/dot-com-crash?
It was the same, but smaller scale back then. I remember looking for a job and folks were requiring a CS PhD for literal ‘help run a school computer lab’ jobs.
Home Depot wouldn’t even consider your resume if you had been in Tech either. One person I talked to (not HD) said that they considered techies ‘overly entitled brats’ and didn’t want to have anything to do with them. This was in the PNW.
Previously it was super high pay, no formal education required - as long as you could code.
This was before AI or automated applications or the like, so I was doing 15 something manual applications a week.
I ended up moving something like 8 states away to take a middle of nowhere software dev job - after applying for over a year - at 1/4 the salary that I had been previously paid. It worked out.
Frankly, employers are being pretty mellow considering the market conditions. So far anyway.
The biggest issue right now IMO is general confusion and overwhelm + widespread fraud and lying (in both sides of the market) resulting in the market nearly locking up.
Which is putting a lot of people in very awkward positions. But things aren’t desperate enough yet to cut through the BS.
No one is sure what they really want to do, what is reasonable, or what will work to produce an outcome they want, and that is causing everything to be a giant tarpit.
This is what people mean when they say ‘life isn’t fair’. Well, a very mellow version of it.
During dot-bomb it seemed as if people weren't even getting nibbles.
Based on anecdata from someone experienced who described the current situation as "weird," it seems as if there are a ton of people being put through a full interview cycle only to be told "Oops, the budget's been pulled" or "We decided to hold off for now."
I agree with you and my friend said something similar.
During dot-bomb we knew. It was nuclear winter for tech. I was very lucky to get a quick offer from the owner I knew at a small company that was still doing OK (and was probably overconfident that was going to continue) when I was laid off.
Today, as you say, who the hell knows? So companies are somewhat randomly zigging and zagging all over the place. Oh, and toss AI into the mix.
> It was the same, but smaller scale back then...The biggest issue right now IMO is general confusion and overwhelm + widespread fraud and lying (in both sides of the market) resulting in the market nearly locking up.
That's the worst part for me. I didn't live through it so feel free to correct me but: It seems everyone at the time all agreed that there was a crash and times were hard for that sector.
Meanwhile, the US really doesn't want to acknowledge a recession in 2024 and keep pretending "unemployment is down! Jobs are up!". Lies, damns lies, and statistics rights?
Times are always bumpy in my domain so I'm not surprised; I knew what I was signing up for. But the gaslighting about the ecconomy and lack of respect in more than a few responses I do get is the worst part of it all. I'd be surprised if the dotcom bubble had any people doing 4-5 stages of interviews and were then just ghosted. Not even a "we decided to go with another candidate".
Yeah those were times that probably compare the most to what we see today.
I agree with you it's definitely not the worse version of this (yet) but regardless, I don't think what GP said should be acceptable as reasonable.
Saying people should just accept that they have to humiliate themselves for hours on end, for free, to get the possibility of slaving away to earn a paycheck is disingenuous.
I say humiliating because even with 15 years of experience I still have to prove to a bunch of random people that I can code to move forward in these processes, many times to hear a no without any reasoning or get a ridiculously low offer.
For folks with Capital, now is a much better time to go found a startup, for instance.
For folks without, now is a great time to get into the trades.
For folks with a retirement nest egg and plans, why not retire?
Look at the market conditions, and make the best bet you can. That's the realist approach, anyway. It's hard not to feel the ego hit from changes like this, but it can easily lead to serious negative personal consequences if someone is not in a position to deal with the fallout.
Not being an adult about situations like this can have very severe and lifelong negative consequences.
> For folks without, now is a great time to get into the trades.
I'll save my rant on this response so I'll keep it short: It's going to be a while, but I have experience in tech and I'm pretty sure by the time I do the 2-3 years of appreticeships for trades the market will at least be not shit. Not necessarily bounce back, but people will actually be hiring.
Trades is a long term "tech is over" doomism retort. And if you really feel like that that's fine. But I think people right now would appreciate some short/mid term solutions more.
Eh, during the dot-com crash days I knew two people personally that left tech and became farmers. One started a big kale farm off highway 1, and was still doing it last I checked. He was a lot happier.
I learned how to skydive and rock climb while I waited to finally land something.
Downturns, techies have often turned to random different things.
Office Space had the dudes end up doing construction for a reason.
If you can afford to wait 2-3 years, then do. I already laid out what I did to get by.
Otherwise, work your network, or try to start your own thing, or any number of different things. Anything I tell you here is going to get noticed and will have a lot of competition. The harder (and often more likely to work) choices are ones you’ll need to find yourself.
Personally, I’ve been this close to starting HVAC and pest control companies, but have something outside the country I’m pursuing instead.
I'm not living comfortablly, but treading water. So don't worry about me. This definitely taught me that my end goal is to be my own boss, but that's at least 5 years out as I prepare.
I have some freelance work right now, and have savings and backup plans if/when things really screw up.
I just think the trades argument is one thrown around so freely without talking about the underlying details to get into trades. It's not as easy as turning up and getting paid minimum wage to start training.
>Downturns, techies have often turned to random different things.
That's the oddest part for me. The last time I just needed money (so, while applying for my first job), I went to a staffing agency and got temp work the next week. This time I visited 6 in my area and they all pretty much admitted that hiring was slow. Nary a follow up either. And even dumbing down my resume I get "overqualified" for retail.
That at least tells me that this current atmosphere isn't limited to tech. So it's strange how much the powers that be want to pretend everything is fine.
Good info thanks! And yeah, sounds like you have a solid head on your shoulders. I’m sure you’ll do fine.
The ‘overqualified’ bit sucks, and that was the classic line during the dot-com days they’d use for tech folks in other fields. I had friends just completely excise tech from their resume to get something landed.
We’ll see where this all goes.
Re: economic news - my take is that the left is being delusional in the ‘there are no problems’ direction, while the right is being delusional in the ‘everything is broken’ direction. Both are doing their damnest to manipulate everyone into believing their flavor of delusion.
Which makes sense, because traditionally incumbents get destroyed if there are economic issues, and both are in existential crisis mode right now.
Folks are starting to have to ‘look down’ though, and the timing is going to be pretty shitty.
Re: trades - yeah, any change is going to require ramp up time, investment of effort and learning, etc.
I’ve got some contractors (plumbers) and welders in the family, and used to be a certified welder - and it’s not like there aren’t tradeoffs there too vs tech. Especially if someone doesn’t have the habit of using PPE properly. That said, some areas are in very high demand - and can’t be outsourced - and pay very well. Especially for someone who can supervise or run a shop, and isn’t afraid to get their hands dirty.
They’ll do very well as boomers age too, as will nurses and Dr’s.
But I take it you didn’t live through ‘01/dot-com-crash?
It was the same, but smaller scale back then. I remember looking for a job and folks were requiring a CS PhD for literal ‘help run a school computer lab’ jobs.
Home Depot wouldn’t even consider your resume if you had been in Tech either. One person I talked to (not HD) said that they considered techies ‘overly entitled brats’ and didn’t want to have anything to do with them. This was in the PNW.
Previously it was super high pay, no formal education required - as long as you could code.
This was before AI or automated applications or the like, so I was doing 15 something manual applications a week.
I ended up moving something like 8 states away to take a middle of nowhere software dev job - after applying for over a year - at 1/4 the salary that I had been previously paid. It worked out.
Frankly, employers are being pretty mellow considering the market conditions. So far anyway.
The biggest issue right now IMO is general confusion and overwhelm + widespread fraud and lying (in both sides of the market) resulting in the market nearly locking up.
Which is putting a lot of people in very awkward positions. But things aren’t desperate enough yet to cut through the BS.
No one is sure what they really want to do, what is reasonable, or what will work to produce an outcome they want, and that is causing everything to be a giant tarpit.
This is what people mean when they say ‘life isn’t fair’. Well, a very mellow version of it.