Comment by mschuster91
4 hours ago
> Overall society feels more turbulent, but this is otherwise all the same song and dance all over again.
The thing is... everything you mentioned had only brought the need to retrain.
This new hotness AI? It's bringing actual layoffs, and not just of the boom bust cycle kind, but permanent, industrial-revolution kind that lasts for decades.
It is?
Covid overhiring, no more 0% interest rates, that one accounting change, and companies needing a "growth" sounding way to announce layoffs. Maybe that's bringing actual layoffs in the name of AI?
> Covid overhiring, no more 0% interest rates, that one accounting change, and companies needing a "growth" sounding way to announce layoffs.
That is only compounding the problem, because with each year, IT still gets a truckload of new bootcamp or "academia" graduates that hit the pool of the unemployed.