from Hacker News

Ask HN: Why has the job market been so bad for so long?

by codingclaws on 10/25/24, 6:02 PM with 2 comments

  • by RicoElectrico on 10/25/24, 6:27 PM

    Couple loose ideas:

    All the low-hanging fruit in development have been picked and so the growth or "growth" comes from financial engineering and "efficiency" i.e. forcing workers to do more

    Gutting of manufacturing capacity in North America and Europe so as to off-shore it to Asia

    Elites having the generational compounding of wealth and connections which gives them edge against the 99%

    Development of the MBA class finally bearing its fruit, making managers of today unrecognizable compared to the few decades ago; internal promotions are an exception the higher in the ladder you go

    Stock market not being allowed to crash and clean up, in part by holding retirement savings hostage

    Polarization of society taking toll on the 99%; despite the presumed idealistic slogans it doesn't matter who gets elected, neither side will touch the elites; meanwhile 99% is not able to organize bottom-up to protest

  • by Bluescreenbuddy on 10/25/24, 6:26 PM

    So bad in what way? I see plenty of tech listings in my area. The company I work at just put up openings for some engineers.