<story><title>Software Engineers Say the Job Market Is Getting Much Worse</title><url>https://www.vice.com/en/article/g5y37j/thousands-of-software-engineers-say-the-job-market-is-getting-much-worse</url></story><parent_chain><item><author>rcarr</author><text>This 1000%. As an investor, if interest rates aren&amp;#x27;t zero, why would you put your money in a risky startup when you could park it in a load of other places and still get a decent return? It&amp;#x27;s also not 2007 anymore, the low hanging fruit has been picked, most things that can be digitised and turned into services have been. You&amp;#x27;re going to have to come up with something extremely original and brilliant or utilising some kind of new tech in order to succeed on a big scale.&lt;p&gt;It&amp;#x27;s got very little to do with AI. Other industries are far more affected by AI than software engineering e.g in my opinion, the amount of graphic designers and copy writers are both going to shrink massively.</text></item><item><author>fruchtose</author><text>The article&amp;#x27;s claim that AI is responsible for a shrinking job market is tenuous at best. Economic factors are much more relevant. Rising interest rates make tech companies less attractive to investors, and this filters  through companies as smaller hiring budgets.[0] And we&amp;#x27;re seeing relatively high interest rates compared to a few years ago. I am far from convinced that efficiency gains from AI correlate with—much less cause—software engineering job cuts.&lt;p&gt;[0] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.nytimes.com&amp;#x2F;2023&amp;#x2F;01&amp;#x2F;23&amp;#x2F;technology&amp;#x2F;tech-interest-rates-layoffs.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.nytimes.com&amp;#x2F;2023&amp;#x2F;01&amp;#x2F;23&amp;#x2F;technology&amp;#x2F;tech-interest-...&lt;/a&gt;</text></item></parent_chain><comment><author>apitman</author><text>&amp;gt; It&amp;#x27;s also not 2007 anymore, the low hanging fruit has been picked, most things that can be digitised and turned into services have been&lt;p&gt;I think there&amp;#x27;s plenty of low hanging fruit left, especially when it comes to improving current systems that we assume inherently have to suck simply because they always have.&lt;p&gt;Plus there&amp;#x27;s new fruit growing every day. There&amp;#x27;s potentially huge opportunities in improving social media right now. Who would have guessed 5 years ago we could see legitimate vulnerability in the major platforms?</text></comment>
<story><title>Software Engineers Say the Job Market Is Getting Much Worse</title><url>https://www.vice.com/en/article/g5y37j/thousands-of-software-engineers-say-the-job-market-is-getting-much-worse</url></story><parent_chain><item><author>rcarr</author><text>This 1000%. As an investor, if interest rates aren&amp;#x27;t zero, why would you put your money in a risky startup when you could park it in a load of other places and still get a decent return? It&amp;#x27;s also not 2007 anymore, the low hanging fruit has been picked, most things that can be digitised and turned into services have been. You&amp;#x27;re going to have to come up with something extremely original and brilliant or utilising some kind of new tech in order to succeed on a big scale.&lt;p&gt;It&amp;#x27;s got very little to do with AI. Other industries are far more affected by AI than software engineering e.g in my opinion, the amount of graphic designers and copy writers are both going to shrink massively.</text></item><item><author>fruchtose</author><text>The article&amp;#x27;s claim that AI is responsible for a shrinking job market is tenuous at best. Economic factors are much more relevant. Rising interest rates make tech companies less attractive to investors, and this filters  through companies as smaller hiring budgets.[0] And we&amp;#x27;re seeing relatively high interest rates compared to a few years ago. I am far from convinced that efficiency gains from AI correlate with—much less cause—software engineering job cuts.&lt;p&gt;[0] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.nytimes.com&amp;#x2F;2023&amp;#x2F;01&amp;#x2F;23&amp;#x2F;technology&amp;#x2F;tech-interest-rates-layoffs.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.nytimes.com&amp;#x2F;2023&amp;#x2F;01&amp;#x2F;23&amp;#x2F;technology&amp;#x2F;tech-interest-...&lt;/a&gt;</text></item></parent_chain><comment><author>mbrumlow</author><text>If anything I would expect a pop in demand for software engineers from ai. Those who know, know you can’t just ask chat gpt to integrate with the business by wiring a prompt.&lt;p&gt;Hi, can you please integrate your self into my business and increase my revenue by 20% and cut cost of workforce by 30%.  Here are the master passwords to our aws account, jira, and payroll. Thanks! See you when in back from my 3 month vacation!</text></comment>