How Programmer Jobs get created and destroyed, & how AI might change that.
Internet of Bugs 27:42
44,448 views · 2,346 likes Watch on YouTube ↗
The economics of how tech jobs get created and how layoffs happen is worth understanding if you're not sure how AI might fit into it.
00:00 Previously on @InternetOfBugs vs AI
01:50 Caveats: US Only, not Gaming
02:33 Building vs Maintaining
03:46 How Projects get funded
05:08 Hiring process
07:42 How the last decade or so has been unusual
10:26 How AI might change that
11:19 Enter the Stock Market
12:47 How Layoffs get decided on
15:58 How to ride out the apparent downturn
21:37 Bad advice from people who have never experienced a downturn
24:38 Resources on How to look for a job
Resources:
My video on job hunting vs AI resume bots:
https://youtu.be/NQmN6xSorus
My video on starting your own project (more of these to come):
https://youtu.be/iMDiYX7P4ds
Books for job hunting:
https://www.amazon.com/Your-Well-Before-Youre-Thirsty/dp/0385485468
https://www.amazon.com/Never-Eat-Alone-Expanded-Updated/dp/0385346654
https://www.amazon.com/What-Color-Your-Parachute-Meaningful/dp/1984861204
#Articles on AI Powered job applications:
https://www.404media.co/i-applied-to-2-843-roles-the-rise-of-ai-powered-job-application-bots/
https://www.fastcompany.com/3069166/i-built-a-bot-to-apply-to-thousands-of-jobs-at-once-heres-what-i-learned
https://www.wired.com/story/this-ai-bot-fills-out-job-applications-for-you-while-you-sleep/
https://www.semafor.com/article/09/12/2024/linkedins-have-nots-and-have-bots
https://www.businessinsider.com/job-applications-hiring-ai-bots-spam-resume-cover-letter-2024-3
https://hactarai.substack.com/p/how-an-ai-bot-transformed-job-applications
# How the stock market is reacting to AI from @NobodySpecialFinance
https://money.usnews.com/investing/articles/are-we-in-an-ai-bubble
https://www.youtube.com/watch?v=ESDDFUAAPxg [Big Tech is Now Trapped in a Cash-Burning AI Dumpster Fire]
# On Stock Buybacks
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-take-a-pause-after-sell-off/card/corporate-stock-buybacks-on-track-for-a-fresh-record-in-2024-GaC3nlZqsi1rIEDdYTgq]
https://www.schwab.com/learn/story/with-rate-cuts-ahead-stock-buybacks-may-continue
https://press.spglobal.com/2024-06-17-S-P-500-Q1-2024-Buybacks-Increase-8-1-from-Q4-20 23-12-month-Expenditure-Declines-4-8-from-Previous-Year,-Earnings-Per-Share-Impact-Reverses-Showing-First-Gain-in-Five-Quarters-Buybacks-Tax-Results-in-a-0-47-Reduction-in-Q1-Operating-Earnings-an
# On professional Networking:
https://careers.umbc.edu/students/network/networking101/
https://moody.utexas.edu/sites/default/files/Networking%20-%2017-18.pdf
https://www.linkedin.com/pulse/new-survey-reveals-85-all-jobs-filled-via-networking-lou-adler/
https://core.ac.uk/download/pdf/326045591.pdf
# Charts of tech jobs over time
https://www.stlouisfed.org/-/media/project/frbstl/stlouisfed/publications/regional-economist/2017/second_quarter_2017/industry_profile.pdf
https://www.stlouisfed.org/publications/regional-economist/second-quarter-2017/growth-in-tech-sector-returns-to-glory-days-of-the-1990s
https://www.stlouisfed.org/publications/regional-economist/2024/feb/labor-market-conditions-eased-state-level-view
https://wolfstreet.com/2024/01/07/which-industries-lost-jobs-which-gained-jobs-including-government-jobs-longer-term-employment-trends-in-charts/
https://www.bls.gov/charts/employment-situation/employment-levels-by-industry.htm
https://fred.stlouisfed.org/graph/?g=1gFn7
https://fredblog.stlouisfed.org/2023/03/was-there-a-tech-hiring-bubble/
https://www.stlouisfed.org/publications/regional-economist/second-quarter-2017/growth-in-tech-sector-returns-to-glory-days-of-the-1990s
https://www.statista.com/statistics/200003/number-of-job-openings-in-the-us-information-sector/
00:00 Previously on @InternetOfBugs vs AI
01:50 Caveats: US Only, not Gaming
02:33 Building vs Maintaining
03:46 How Projects get funded
05:08 Hiring process
07:42 How the last decade or so has been unusual
10:26 How AI might change that
11:19 Enter the Stock Market
12:47 How Layoffs get decided on
15:58 How to ride out the apparent downturn
21:37 Bad advice from people who have never experienced a downturn
24:38 Resources on How to look for a job
Resources:
My video on job hunting vs AI resume bots:
https://youtu.be/NQmN6xSorus
My video on starting your own project (more of these to come):
https://youtu.be/iMDiYX7P4ds
Books for job hunting:
https://www.amazon.com/Your-Well-Before-Youre-Thirsty/dp/0385485468
https://www.amazon.com/Never-Eat-Alone-Expanded-Updated/dp/0385346654
https://www.amazon.com/What-Color-Your-Parachute-Meaningful/dp/1984861204
#Articles on AI Powered job applications:
https://www.404media.co/i-applied-to-2-843-roles-the-rise-of-ai-powered-job-application-bots/
https://www.fastcompany.com/3069166/i-built-a-bot-to-apply-to-thousands-of-jobs-at-once-heres-what-i-learned
https://www.wired.com/story/this-ai-bot-fills-out-job-applications-for-you-while-you-sleep/
https://www.semafor.com/article/09/12/2024/linkedins-have-nots-and-have-bots
https://www.businessinsider.com/job-applications-hiring-ai-bots-spam-resume-cover-letter-2024-3
https://hactarai.substack.com/p/how-an-ai-bot-transformed-job-applications
# How the stock market is reacting to AI from @NobodySpecialFinance
https://money.usnews.com/investing/articles/are-we-in-an-ai-bubble
https://www.youtube.com/watch?v=ESDDFUAAPxg [Big Tech is Now Trapped in a Cash-Burning AI Dumpster Fire]
# On Stock Buybacks
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-take-a-pause-after-sell-off/card/corporate-stock-buybacks-on-track-for-a-fresh-record-in-2024-GaC3nlZqsi1rIEDdYTgq]
https://www.schwab.com/learn/story/with-rate-cuts-ahead-stock-buybacks-may-continue
https://press.spglobal.com/2024-06-17-S-P-500-Q1-2024-Buybacks-Increase-8-1-from-Q4-20 23-12-month-Expenditure-Declines-4-8-from-Previous-Year,-Earnings-Per-Share-Impact-Reverses-Showing-First-Gain-in-Five-Quarters-Buybacks-Tax-Results-in-a-0-47-Reduction-in-Q1-Operating-Earnings-an
# On professional Networking:
https://careers.umbc.edu/students/network/networking101/
https://moody.utexas.edu/sites/default/files/Networking%20-%2017-18.pdf
https://www.linkedin.com/pulse/new-survey-reveals-85-all-jobs-filled-via-networking-lou-adler/
https://core.ac.uk/download/pdf/326045591.pdf
# Charts of tech jobs over time
https://www.stlouisfed.org/-/media/project/frbstl/stlouisfed/publications/regional-economist/2017/second_quarter_2017/industry_profile.pdf
https://www.stlouisfed.org/publications/regional-economist/second-quarter-2017/growth-in-tech-sector-returns-to-glory-days-of-the-1990s
https://www.stlouisfed.org/publications/regional-economist/2024/feb/labor-market-conditions-eased-state-level-view
https://wolfstreet.com/2024/01/07/which-industries-lost-jobs-which-gained-jobs-including-government-jobs-longer-term-employment-trends-in-charts/
https://www.bls.gov/charts/employment-situation/employment-levels-by-industry.htm
https://fred.stlouisfed.org/graph/?g=1gFn7
https://fredblog.stlouisfed.org/2023/03/was-there-a-tech-hiring-bubble/
https://www.stlouisfed.org/publications/regional-economist/second-quarter-2017/growth-in-tech-sector-returns-to-glory-days-of-the-1990s
https://www.statista.com/statistics/200003/number-of-job-openings-in-the-us-information-sector/
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