this post was submitted on 10 Jan 2024
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Thousands of Software Engineers Say the Job Market Is Getting Much Worse (www.vice.com)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
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Thousands of Software Engineers Say the Job Market Is Getting Much Worse::9,388 engineers polled by Motherboard and Blind said AI will lead to less hiring. Only 6% were confident they'd get another job with the same pay.

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[–] KevonLooney@lemm.ee 6 points 10 months ago (1 children)

That doesn't make sense because salaries are a current expense, not a capital expense to be amortized. And why 5 years? The work a software engineer does may be outdated in a year or two. Only certain legacy applications are around for 5 years.

The amortization time period is supposed to match the usefulness of the item purchased. Basically, software engineers are an ongoing expense, not R&D.

[–] frezik@midwest.social 7 points 10 months ago (2 children)

Only certain legacy applications are around for 5 years.

Oh if that were true.

[–] KevonLooney@lemm.ee 2 points 10 months ago

Those are the legacy applications. This is the survivor bias 100%. You don't see all the projects that were created and then dumped after a year or two (see Google).

[–] UnderpantsWeevil@lemmy.world 0 points 10 months ago

Real laughing-crying emoji hours.

I've got a friend who got his job entirely because he's under 40 and knows Fortran.