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This is so true. We had a (admittedly derogatory) term we used during the rise in interest rates, "zero interest rate product managers". Don't get me wrong, I think great product managers are worth their weight in gold, but I encountered so many PMs during the ZIRP era who were essentially just Jira-updaters and meeting-schedulers. The vast majority of folks I see that were in tech that are having trouble getting hired now are in people who were in those "adjacent" roles - think agile coaches, TPMs, etc. (but I have a ton of sympathy for these folks - many of them worked hard for years and built their skills - but these roles were always somewhat "optional"). I'd also highlight that beyond over-hiring being responsible for the downturn in tech employment, I think offshoring is way more responsible for the reduction in tech than AI when it comes to US jobs. Video conferencing tech didn't get really good and ubiquitous (especially for folks working from home) until the late teens, and since then I've seen an explosion of offshore contractors. With so many folks working remotely anyway, what does it matter if your coworker is in the same city or a different continent, as long as there is at least some daily time overlap (which is also why I've seen a ton of offshoring to Latin America and Europe over places like India). |
Both sides of the aisle retreated from domestic labor protection for their own different reasons so the US labor force got clobbered.