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by JohnMakin
62 days ago
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Plenty of people see it - but, to a hiring team, a junior is an extremely risky investment. They demand a high cost relative to when they can start contributing actual value, may not work out, or may hop ship the moment they become competent. It is rational for a business to want to eliminate this risk. It's possible that everyone is acting rationally here, knowing it will lead to a result that is not favorable down the line - because the immediate benefit is too great to consider the latter. In other words the gamble of hiring expensive juniors with shiny degrees is greater to them than the gamble of not having competent seniors a few years down the line. And that risk may be overblown - people are still hiring some juniors, it's not like it has stopped entirely - so future seniors will likely just be worth more than they are currently. To some, that may be worth the risk, especially if you believe AI will continue to get stronger. I am not saying I agree with this decision making, more pointing out the thought process. We have had to have similar discussions where I am but are still hiring juniors, FYI. That's basically all we're hiring right now, actually, because the market for strong juniors is very good right now. |
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I read someone compare the mindset to that of a drug-dealer. In any given neighborhood, a handful of people get very wealthy, at the expense of the stability and potential of everyone else. Our elite are drug-dealers - literally, in some cases. And conditions are deteriorating about how you'd expect.