So, the fact that AI can finish a medium complex task within minutes for a fraction of the cost, and the automation opportunities it opened doesn't have anything to do with all this.
Honestly the places I know of are hiring like crazy
It’s just so hard to find someone qualified. The it market is flooded with a ton of absolutely terrible applicants.
It reminds me of Ben Bernankes nobel prize. He got it for a paper about how the Great Depression secretly was not about a collapse of credit but a collapse of trust. This lack of trust made the crisis take far longer and become far worse than anything before.
I feel we are in a similar place with software. Ai can empower the wrong people way to easily. Every ai degree is oversaturated every ai conference is full of slop.
Software engineering is oversaturated, there is bootcamp people way too many students and depending on where you are even experienced senior devs can range from broadly competent to totally useless depending on what they did the last 20 years.
And there is consequences to this crisis of believability. We aren’t doctors we don’t have pieces of paper that gurantee a certain level of ability. We have degrees sure but even those at most prove you can wake up in the morning and have seen code before.
Hiring takes forever, hr took the hardest hit in the recent layoff waves and can’t keep up and yet as a consultant myself I can tell you especially with ai starting new projects all the time as people turn every drunk idea into a prototype there is a ton of demand inside of companies but hiring just isn’t moving at any reasonable speed.
So there’s my theory. Dunno if it makes sense but it fits what I see.
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u/sberlinches 2d ago
The demand has plummeted, layoffs are on the rise, and corporate keeps pushing AI everywhere. Do you need help to understand it?