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Reply to "Terrible job market for recent grads"
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[quote=Anonymous][quote=Anonymous]“Sorry kids that learned to code like we said to. The market is full and we’re still bringing in the same # of “temporary” foreign tech workers. They’re really stacking up and using master’s programs to prolong their stay here and outcompete you. Have you looked into the trades?”[/quote] Economics 101 or should I say capitalism/greed 101 Step 1: flood the market with skill workers. Hundreds for every vacancy is a good benchmark Step 2: now that the market is flooded, the employee has the upper hand when it comes to wage negotiations. Step 3: now in the comfortable sit, you can hire great candidates without paying them a premium Step 4: go back to step 1 when a new technology comes out and use your rent seeking congresspeople and media to "invent" a shortage for that new technology and create buzzwords. Gen AI sounds familiar? Agentic AI sounds familiar? And repeat the cycle.[/quote]
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