State of the Market

[SchumiStars]

Started to think about catching a train. Not good.

[Bluenose]

I don't think political uncertainty in France and the self-destruction of the German economy is helping.

[squarepeg]

Personally I can't see much hope, I think this is the new market, lowest pay / rates possible, limited amount of jobs. The only way for improvement would be a crazy amount of new projects, but where from? AI boom was promising, but they it turned out you need to have brains to actually do the work, so that's most people out. Companies are trying to fake growth, sacking whoever has not been yet sacked and seeing if it affects the running of the business and at the same time saving money and saying look how much profit we have.

The AI boom hit a snag, because it cannot deliver the massively oversold ROI. The narrative of "you're all fired, but train our AI before you leave" is being rejected not because of morals, but because of poor results. (I'm not interested in stories of Copilot generating a function from the code hovered up during LLM training, btw). What will become obvious in time is the that AI cannot do maintenance, patching, deployments, rewrites, refactoring, monitoring, etc.

[SussexSeagull]

The AI boom hit a snag, because it cannot deliver the massively oversold ROI. The narrative of "you're all fired, but train our AI before you leave" is being rejected not because of morals, but because of poor results. (I'm not interested in stories of Copilot generating a function from the code hovered up during LLM training, btw). What will become obvious in time is the that AI cannot do maintenance, patching, deployments, rewrites, refactoring, monitoring, etc.

Someone on LinkedIn took great pride in telling me that I would soon be redundant as a Software Tester due to AI. He started deleting my comments when I pointed out to him if AI ever gets that advanced then most people involved in the software life cycle are out of a job as well.

AI is still years away from being anything more than on the fringes of software development.

[Fraidycat]

I agree. But what AI seems to be doing at the moment is sucking away investment from regular IT projects. Billions going towards AI that would have otherwise been spent on regular IT projects.

[SussexSeagull]

I agree. But what AI seems to be doing at the moment is sucking away investment from regular IT projects. Billions going towards AI that would have otherwise been spent on regular IT projects.

I think you are correct, plus any semi intelligent automated process seems to have been rebadged as AI.

Not really my field and there are some really exciting developments such as looking at medical scans but there is too much hype attached to it at the moment.

[mogga71]

I can't see any basis for any improvement in the job market for the foreseeable future. This is it, endgame while we await the collapse.

The funny thing is that the project I'm running has been recruiting and the candidates have been woeful. Everyone is totally thick, 10,000 Indians with fraudulent CVs - one was even using AI in the interview. We have entered some parallel universe where everything is just stupid and pointless while the cost of living soars and rates flatline.

The parallel universe bit is so, so true. I am one of the lucky ones in the sense that I am old, only WFH for an Investment Bank that now only recruits cheaper devs...mostly overseas. However, I honestly feel that we are all living in some form of 'limbo' land and just awaiting the global reset ..... Bretton Woods 3, debt jubilee and all. Things have to change.

[eek]

I was benched for seven months and finally got something back in February. Naturally, four months later, I received a jury citation. :fume

So just return it with a statement that you are self employed and cannot take the time off at the moment - it isn't that difficult to postpone it a bit and after postponing it fully cancelling it.

[Sub]

The parallel universe bit is so, so true. I am one of the lucky ones in the sense that I am old, only WFH for an Investment Bank that now only recruits cheaper devs...mostly overseas. However, I honestly feel that we are all living in some form of 'limbo' land and just awaiting the global reset ..... Bretton Woods 3, debt jubilee and all. Things have to change.

Global reset may come in a form of global war. It seems there more and more anger is being expressed around. People eagerly search for ones to blame for the state of economy? Government, immigrants, programmers from India, AI?

I am sure that guys at the top of the pyramid will figure out how to channel the anger. Plus we have legions of young people unable to understand what to do with themselves - who can resist temptation to turn them to cannon fodder? War will write off debts and allow fresh start, but only for rich.

Keep it up boys, blame everyone that looks different and speak bad English. I am sure you will be offered a common enemy and methods for final solution very soon.

[avonleigh]

Global reset may come in a form of global war. It seems there more and more anger is being expressed around. People eagerly search for ones to blame for the state of economy? Government, immigrants, programmers from India, AI?

I am sure that guys at the top of the pyramid will figure out how to channel the anger. Plus we have legions of young people unable to understand what to do with themselves - who can resist temptation to turn them to cannon fodder? War will write off debts and allow fresh start, but only for rich.

Keep it up boys, blame everyone that looks different and speak bad English. I am sure you will be offered a common enemy and methods for final solution very soon.

Sorry but like it or not immigration has had a massive impact on this country. Not just on jobs but the NHS and housing. Britain is very broken because of it. Most people aren't against immigration but the fact is it's not been controlled for 25+ years now and we are now paying the price.