It's not interest rates or AI. It's companies trying to suppress and ultimately lower wages paid to software engineers. Unless workers quit companies that are doing multiple rounds of layoffs and working people to death, it's not going to get any better.
Of all the wrong answers out there, this one is the most wrong. Man where do I even start with how wrong this is.
Businesses will spend money on in-house and outsourced software development if they have the money. The money generally comes from sales (real or prospective) and/or borrowing. If sales (or leads) are down, or borrowing costs are high, businesses will attempt to control costs by hiring less and/or performing layoffs.
In my business, a year ago it was absolutely raining work. The only reason we didn't grow more than we did is because we literally didn't have the manpower to review the resumes and do the interviews. A year later and the work has pulled back considerably, and we're in cost-control mode until we can make some deals.
So you’re controlling costs by laying off people (or at least admit companies control costs through layoffs, which is obvious), which will suppress wages. How am I wrong? Also your tone is incredibly combative.
We agree on the AI part. But high interest rates are definitely chilling business' ability to fund development, make payroll, all the things I talked about.
> It's companies trying to suppress and ultimately lower wages paid to software engineers.
If a business is doing this, it's because their engineers are overpaid relative to the value they generate. The business can react by raising prices (which get passed onto the consumer and, if enough businesses do this, comes back around as additional pressure to increase wages) or they can make workforce cuts that are either not replaced or are replaced with less expensive labor. So, I would say you are technically accurate here. But, by offering none of the "why" that I do, you leave the reader with the assumption that your "why" is that the business is motivated by the cuts themselves, because evil or something. Which of course is ridiculous.
> Unless workers quit companies that are doing multiple rounds of layoffs and working people to death, it's not going to get any better.
Yes, power to the people. I'll quit unless you pay me more money that you don't have, right before you were going to lay me off anyway. And I won't be able to collect unemployment as a result. Sounds like a plan.
