I am probably totally wrong but to me personally It seems like the loudest voices on tech unemployment come from two camps:
- fresh grads with limited experience
- seasoned specialists used to high salaries and status.
Both groups seem to have a tough time in today's changed market.
While I'm not unemployed, I've followed the layoffs and salary trends. I keep wondering whether holding out for old salary levels is a big reason some people stay on the sidelines. The "golden age" of huge tech compensation feels over, and the market has normalized a lot.
Does long-term unemployment partly come from struggles to reset expectations, especially for those anchored to past highs? It's tough to accept less. I'm already preparing to apply for jobs with much lower pay if it comes to that. It's not great, but shelter and food for my family will always come first.
I don’t think so re salary expectations. If that were the case people would complain about being lowballed. Instead people are complaining about not getting interviews.
While I'm not unemployed, I've followed the layoffs and salary trends. I keep wondering whether holding out for old salary levels is a big reason some people stay on the sidelines. The "golden age" of huge tech compensation feels over, and the market has normalized a lot.
Does long-term unemployment partly come from struggles to reset expectations, especially for those anchored to past highs? It's tough to accept less. I'm already preparing to apply for jobs with much lower pay if it comes to that. It's not great, but shelter and food for my family will always come first.
Curious if others see it the same way.