How Programmer Jobs get created and destroyed, & how AI might change that.

The economics of how tech jobs get created and how layoffs happen is worth understanding if you're not sure how AI might fit into it. 00:00 Previously on @InternetOfBugs vs AI 01:50 Caveats: US Only, not Gaming 02:33 Building vs Maintaining 03:46 How Projects get funded 05:08 Hiring process 07:42 How the last decade or so has been unusual 10:26 How AI might change that 11:19 Enter the Stock Market 12:47 How Layoffs get decided on 15:58 How to ride out the apparent downturn 21:37 Bad advice from people who have never experienced a downturn 24:38 Resources on How to look for a job Resources: My video on job hunting vs AI resume bots: https://youtu.be/NQmN6xSorus My video on starting your own project (more of these to come): https://youtu.be/iMDiYX7P4ds Books for job hunting: https://www.amazon.com/Your-Well-Before-Youre-Thirsty/dp/0385485468 https://www.amazon.com/Never-Eat-Alone-Expanded-Updated/dp/0385346654 https://www.amazon.com/What-Color-Your-Parachute-Meaningful/dp/1984861204 #Articles on AI Powered job applications: https://www.404media.co/i-applied-to-2-843-roles-the-rise-of-ai-powered-job-application-bots/ https://www.fastcompany.com/3069166/i-built-a-bot-to-apply-to-thousands-of-jobs-at-once-heres-what-i-learned https://www.wired.com/story/this-ai-bot-fills-out-job-applications-for-you-while-you-sleep/ https://www.semafor.com/article/09/12/2024/linkedins-have-nots-and-have-bots https://www.businessinsider.com/job-applications-hiring-ai-bots-spam-resume-cover-letter-2024-3 https://hactarai.substack.com/p/how-an-ai-bot-transformed-job-applications # How the stock market is reacting to AI from @NobodySpecialFinance https://money.usnews.com/investing/articles/are-we-in-an-ai-bubble https://www.youtube.com/watch?v=ESDDFUAAPxg [Big Tech is Now Trapped in a Cash-Burning AI Dumpster Fire] # On Stock Buybacks https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-take-a-pause-after-sell-off/card/corporate-stock-buybacks-on-track-for-a-fresh-record-in-2024-GaC3nlZqsi1rIEDdYTgq] https://www.schwab.com/learn/story/with-rate-cuts-ahead-stock-buybacks-may-continue https://press.spglobal.com/2024-06-17-S-P-500-Q1-2024-Buybacks-Increase-8-1-from-Q4-20 23-12-month-Expenditure-Declines-4-8-from-Previous-Year,-Earnings-Per-Share-Impact-Reverses-Showing-First-Gain-in-Five-Quarters-Buybacks-Tax-Results-in-a-0-47-Reduction-in-Q1-Operating-Earnings-an # On professional Networking: https://careers.umbc.edu/students/network/networking101/ https://moody.utexas.edu/sites/default/files/Networking%20-%2017-18.pdf https://www.linkedin.com/pulse/new-survey-reveals-85-all-jobs-filled-via-networking-lou-adler/ https://core.ac.uk/download/pdf/326045591.pdf # Charts of tech jobs over time https://www.stlouisfed.org/-/media/project/frbstl/stlouisfed/publications/regional-economist/2017/second_quarter_2017/industry_profile.pdf https://www.stlouisfed.org/publications/regional-economist/second-quarter-2017/growth-in-tech-sector-returns-to-glory-days-of-the-1990s https://www.stlouisfed.org/publications/regional-economist/2024/feb/labor-market-conditions-eased-state-level-view https://wolfstreet.com/2024/01/07/which-industries-lost-jobs-which-gained-jobs-including-government-jobs-longer-term-employment-trends-in-charts/ https://www.bls.gov/charts/employment-situation/employment-levels-by-industry.htm https://fred.stlouisfed.org/graph/?g=1gFn7 https://fredblog.stlouisfed.org/2023/03/was-there-a-tech-hiring-bubble/ https://www.stlouisfed.org/publications/regional-economist/second-quarter-2017/growth-in-tech-sector-returns-to-glory-days-of-the-1990s https://www.statista.com/statistics/200003/number-of-job-openings-in-the-us-information-sector/