#JobMarketPredictions2024 🌐 #AIinEmployment 🤖 #FutureOfWork 🚀
Hey everyone! 👋 Let’s talk about the future of the job market in two years. It’s always a hot topic, especially with all the changes happening around us. Here are some predictions floating around:
– Will hiring pick up due to lower interest rates? 📉
– Are we going to see an oversaturation of CS grads in the market? 🎓
– Could AI actually streamline processes, leading to fewer developers needed on projects? 🤔
What are your thoughts on these predictions? Do you have any of your own to add to the mix? Share your insights and let’s brainstorm together! 💡
One possible solution could be for job seekers to focus on building a diverse skill set that includes both technical and soft skills. This could help them stand out in a competitive job market and adapt to the changing landscape of employment. Let’s keep the conversation going! 🌟
I predict there will be another global pandemic, but much deadlier than Covid (or potentially a much deadlier strain of Covid). That, or we’ll being World War 3.
I’m not sure the point of your question here. You’re not gonna make any major life decisions based on my predictions of what will happen in the future, right? That’d be crazy, to make a major decision based off someone predicting the future.
AI BECOMES SENTIENT AND TAKES OUR JOBS
IT GETS DEPRESSED AND GIVES UP
WE ALL GET OUT JOBS BACK
Students are already studying different subjects because of the poor job market for new grads. In a few years, enrollments will have cratered right in time for hiring to pick back up. It’s happened before several times so far.
Let me check my crystal ball.
The pendulum will swing back the same time the economy does.
Lots of focus here on the supply side(AI, offshoring) but let’s not forget the demand side either, and that is incredibly unclear. With perhaps the exception of AI(and even that isn’t certain to pay off massively) there isn’t a lot of “next big things” on the horizon. A lot of the growth of the past 25 years, and especially in the last 10 has been focused on digitizing existing services, making things mobile and expanding internet access. Most of that work is “done”(obviously it will never be 100% done). Last year saw the smallest net increase in new internet users since basically the dawn of the internet. With birth rates crashing in the developed world and falling though not as severely almost everywhere else new users, especially of tech which tends to be more youth focused. Tech companies are increasingly turning to enshittification(credit to Cory Doctrow for that term) in no small part because they can’t really find any other way to grow revenue as user growth has stalled and the low hanging fruit mostly gobbled up.
Basically I think demand is an S-curve like almost everything else in tech and we are nearing the top. Demand won’t crash but I don’t think a return to the days of exponential growth like we saw last decade is very likely.
More job openings because the software industry is growing
Lower entry level salaries & a bump in hiring
The economy will improve (or just not freefall), especially as we get closer to the election, but not by much. The tech industry in particular is not going to recover as much as the rest of the economy. As you pointed out, CS grads will continue to oversaturate the industry. LLMs are actually not going to advance as much as people predict, however companies will start to find better and better ways to leverage them and this is going to completely change the character of software development work (among other things).
This is going to put new grads at a giant disadvantage to experienced engineers. In smaller companies and non-tech companies the software development role will start to share some responsibilities with a Product Manager role. Existing product managers are going to be enabled to do more technical work themselves.
After the election, regardless who is elected, the economy is going to tank hard and things are going to look much worse than they do now.
Coding is a perfect task for AI to learn and excel at. We will all get 100x more productive. And then there just wont be any more software that needs writing
if i could predict interest rates 2 years into the future, i’d be a billionaire by now
2 years could go either way.
Either it’ll be amazing or worse than ever.
I predict amazing.
Near shoring becomes much more common and the market still suffers despite a (hopefully) better economy.
Everything stays the same as now
No one successfully implemented AI with the exception of Microsoft copilot. Everyone is realizing AI exposes all of bad security practices of data and files. Data governance jobs, API writing jobs, business intelligence jobs, and data engineering and data development jobs can’t be filled fast enough. People will still believe AI is taking all their jobs because people don’t want to build web apps like they did in 2019.
The staff+ market is still good. I haven’t had that much trouble getting a job compared to what I see people saying; however, even less senior seniors are struggling.
The issue is that new blood isn’t able to join and getting the right experience. Experienced people will retire or die over time. What happens after that?
Companies will eventually be desperate and pay wonderfully due to the lack of experienced candidates from not considering inexperienced candidates in the past.
It’s a tragedy of the common issue. The question is how long it takes for the grazing ground to become barran from companies damaging it via decisions grounded entirely in self-interest.
If you asked the NVIDIA CEO 2 years ago he would say all the jobs are gone and it’s gonna be AI. If you asked him that today he’d say the same. Yet, we’re all still here doing those jobs. And more. So my prediction is they it’ll be the same. And someone will ask this question again. And NVIDIA will claim the same thing, again.