22 points santiagobasulto 3 hours ago 15 comments
I pulled the data using HN API and confirmed this "reversal". "Who wants to be hired" posts are getting 2x more comments than "Who's hiring" posts (and seems to be accelerating). For reference, in 2022 it used to be 0.25.
I'm old, I'm from the times where demand for software devs greatly outpaced supply, but maybe we're seeing a reversal of it?
I don't want to draw any conclusions yet, there could be many things going on. My initial thoughts would be AI-related. We're either entering a general recession because the AI bubble is bursting, or the job market is changing due to AI.
Again, I don't have any answers, but it's something definitively interesting to discuss!
Here's the source code (including data): https://github.com/santiagobasulto/hn-who-is-hiring-analysis
ddorian43 2 hours ago | parent
Then with increased interest rates. Which are still active and weirdly should've caused more hardship than ~3 months lower stocks.
And now ai, but this depends on demand for software too, which I don't how big it is, like can demand scale too with ai?
Like when you lower electricity cost people just use more electricity.
gokuljs 1 hour ago | parent
gib444 1 hour ago | parent
Tade0 1 hour ago | parent
I'm happy my junior years passed before all this and I don't envy those who are just coming into this field.
And it's not just tech - all over my extended social circle there are people in various fields who were laid off. It's a crawling, largely invisible in the usual indicators, crisis.
mhitza 1 hour ago | parent
larose 1 hour ago | parent
operation_moose 58 minutes ago | parent
https://fred.stlouisfed.org/series/IHLIDXUSTPSOFTDEVE
Most other industries follow a similar trend, but didn't fly quite as high in 2022 and aren't in as bad of a trough right now.
Electrical Engineering: https://fred.stlouisfed.org/series/IHLIDXDETPELECENGI (actually up slightly)
Accounting: https://fred.stlouisfed.org/series/IHLIDXUSTPACCO (more seasonal noise)
Marketing: https://fred.stlouisfed.org/series/IHLIDXUSTPMARK
culopatin 51 minutes ago | parent
gaws 30 minutes ago | parent
Well, yeah. High supply of workers meets low demand of jobs.