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Reply to "Has this board missed the huge contraction in tech?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I've been in tech 20 years. [b]FAANG was overpaying ($200k fresh out of college!)[/b] so no wonder those people can't find jobs at similar salaries. The jobs are out there at reasonable salaries. First.. computers will always be with us, and the world will continue to be more reliant on them, not less. As for AI, it's the current "hot" thing but AI has existed for decades, and we've had just enough computing power and storage resources 5 years ago as now to power AI. It has its places, but it's not going to make people obsolete. You think AI is going to fix your broken keyboard, or program the system to track fleet fuel usage of trucks at the warehouse? It will be a tool to make humans more efficient, but that's it. (Notice we haven't solved the self-driving car problem yet, despite spending billions and putting the smartest minds on it -- why not? Doesn't AI solve all problems?)[/quote] As the OP, this was truly my only point. Salaries were, past tense, were, incredibly high. And yet there’s no acknowledgment of it around here, despite extensive discussion of historical starting salaries in tech. [/quote] I think some people who are not in the tech industry and/or who are younger don't realize that those types of salaries were not sustainable. A lot of people always think the party will never end, but having gone through two recessions and the dot com bomb, I know a bit better now. Even so, I don't fear for my kid who is majoring in CS. There will always be a need for high tech workers, whether they are programmers, cybersecurity, machine learning or networking.[/quote]
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