As an ole computer and programmer tech weenie, this is not necessarily what I want to see happening. But amazingly in my personal life, so many seemingly intelligent people I try to relate to as to what's going on seem to be clueless or simply deny where the existential future is headed.
Even the tech guru's state that it will be the people who know to manage AI are the ones which will be sought.
From: Microsoft's BING
IT Job Market slump
The IT job market has experienced a slump, with a significant decline in hiring and job postings. Here are some key points regarding the current state of the IT job market:
- Job Losses: The tech industry has lost 214,000 positions in April, with a net reduction of 7,000 positions in tech sector companies. This has led to a rise in the tech sector's unemployment rate to 3.5% from 3.1% in March.
- AI Automation: The rise of AI tools has led to the elimination of many IT jobs, with a 184% increase in AI-related roles. This shift has resulted in a decrease in the number of IT-specific roles, with nearly 71,000 IT-specific roles eliminated in the past two years.
- Job Market Dynamics: The tech sector's job market dynamics have shifted, with companies focusing on AI and automation to increase productivity. This has led to a decrease in demand for routine technical roles, which have been largely automated.
- Job Seekers: Mid-level professionals without AI skills are facing increasing challenges as hiring shifts to automation, cloud, and cybersecurity roles. The number of unemployed IT workers has fallen to 119,000, but many are let go because they lacked artificial intelligence experience.
The IT job market slump is a complex issue that involves various factors, including economic uncertainty, AI advancements, and the changing nature of work. As the industry adjusts, it remains a critical area for job seekers and employers alike.
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Coders and engineers are rare minerals in Silicon Valley? No more, hiring for high-paying jobs once considered recession-proof has tanked; here's why