>A lot of things were going on in the early 2020s that at least anecdotally seem to have disproportionately affected software jobs so I’m skeptical it’s purely an interest rate phenomenon.
Software industry was over hiring probably ever since dot-com bubble because after the bubble burst revenue and profits were rapidly growing and it never really stopped. I would rather blame the managers who constantly pushed for more workers instead of increasing the productivity of the existing workforce.
Software industry was over hiring probably ever since dot-com bubble because after the bubble burst revenue and profits were rapidly growing and it never really stopped. I would rather blame the managers who constantly pushed for more workers instead of increasing the productivity of the existing workforce.