Hey everyone! Thank you so much for watching. I will definitely fix my audio for the next video and very appreciative that you guys are willing to put up with it. Excited to push out more well researched topics and videos going forward!
New computer science graduates are struggling to get hired because experienced professionals like me, with seven years of experience, can afford to lower our wages if we lose our jobs. Companies will still find me far more valuable than a fresh graduate who requires training. Honestly, I wouldn’t recommend studying computer science unless you genuinely enjoy it. When I chose CS, it wasn’t just a trend-I truly loved the subject. Most of my friends aren’t CS majors or minors, but a lot of people jumped into CS purely for the money. Now that the financial incentives have diminished, it’s tough for those who don’t have a genuine interest in the field to thrive. If you don’t love CS, surviving in this industry can be very challenging.
no one is talking about entire office with IT jobs moved to INDIA and firing US employees plus 85000 h1bs are pouring in which creates pressure and rejection for US grads.
you must be asleep as there is a ton of chatter about h1bs. But no one is talking about the new virus that China's CCP/PLA is unleashing on the world from Wuhan right now, as a new front in the cold war to bog down the incoming Trump administration. You can reduce the h1b quota from 85000 to 25000, but what do you propose to do about the shipping of IT jobs to India (and also China and Mexico) ?
@@MrBranh0913 OK to have 100K H1 engineers coming to fulfill the empty slots. However, not ok when the US high tech job market is tight. Before 2022, tons of high tech jobs out there, many new graduate got a couple of offers. However, the good old days are gone, even some CS graduate from UC Berkeley doesn't get any offer (complained by some CS professors in UC Berkeley). One reason is that in '90, we don't produce a lot of CS graduate in US, but now we have too many of them.
@@bbowjazzHowever, there are many big Indian consulting companies are cheating. They send a lot of cheap labors to US, claimed that they are the full time employee of their companies. Instead, they are sent to different companies and work as "contractors". However, they are not work like "contractors" in other companies but more like a full time employees of the other companies but categorized as "contractors". Loop hole in H1 visa. A reporting and reward system is urgently needed to report the abuse of H1 visa. Many companies in Silicon Valley is stepping on the gray area.
In tech jobs across the U.S., Canada, and the entire West, about 99% of interviewers are now Indian. This dominance stems from a strategy the Indian government launched around 2010 or earlier, using tech outsourcing to lift the country out of poverty. It worked-thanks to the greedy, profit-driven corporate model. Today, Indians dominate tech fields in the West, from CEOs and C-suites to entry-level jobs, and they've imported their system of hiring their own. The result? A cycle where innovation stagnates. They don’t build or invent; instead, they keep things hanging to stay in control. That’s why companies like Amazon are increasingly subpar, and many tech products feel like scams from top to bottom. Their underhanded behavior has created widespread dislike and mistrust, rooted in the perception that their approach is more about exploitation than progress.
I agree with you. I haven't found a job since April 2024 because all interviewers are indians and they trip people up during interviews and it seems to me that they hire their own people. Because my ex-colleague doesn't have a green card or citizenship, even less experience and found a job before me with a green card. Also, I feel like they do interviews just for the show to fulfill job market laws.
I’ve realized that for anyone in the tech industry, it’s crucial to work on our problem-solving skills. Don’t just focus on collaborating with others; instead, learn how to build solutions using the knowledge you have. By doing this, you might not need to work for a company, you can become one. There are countless problems in the world, and with the right mindset, we can create solutions that make a real difference. AI isn’t here to replace us but to transform how we do things, and I hope it’s for the better.
Not only that universities other than printing more diploma cannot keep up with the innovation pace either. We are literally alone in this mess for real!
The big financial company I work for hired 1000+ IT employees in India oner the last few years , on top that they outsourced another 1000 jobs this month to a consulting firm. the consulting company is hiring mostly at their offshore location and only keeping a few executive jobs in US. Most Americans and H1B holders are left scrambling wondering if they will get fired by the consulting company or not as the entire thing is being done behind closed doors. I was asked to do a knowledge sharing session with offshore employees of the consulting firm. So my guess is they are not hiring us. This should be illegal!
These types of care jobs pay so little for how much work you do unless you are an np or something else with a lot of credentials that cost a lot of money like being an np.
Everything goes through its boom and bust. I was a Director Of Operations of a healthcare company. I would always advise my employees that when talent is a challenge to find the company will pay top dollar. Be warned, nothing lasts forever so build you a financial war chest and be prepared. I already knew that IT was not getting the return on the investment the way they were paying out to employees. As someone with a background in finance, none of it ever made any sense.
It is very hard to predict what will happen, but one thing is certain: juniors are in a tough spot, and they may need to consider another field. The tech industry is no longer for juniors, and only God knows when it will be again. Of course, there are still jobs, and there will continue to be, but the requirements have become unrealistic. For example, companies expect one person to handle backend, frontend, and DevOps. How can anyone master all that? But they know people are desperate, and they will push themselves to learn it all, even for a lower salary.
@@matt_milack keep in mind that a lot of programmers were "retiring" early - in their late 30s, early 40s. Often switching the jobs to other fields or truly retiring. Now we are going to see more and more developers with years of experience working in tech a lot longer than they used to. So far business doesn't care about juniors.
@@matt_milack Matt, the challenge is the overpaid CEO, CFO AND CIO don't care. They only think of these things on a quarter by quater basis. This requires strategic thinking that today's C suite is incapable of. And so sadly you are right. Upvoted you.
I’ve worked for one of these companies, and what I’ve seen is that they’re still hiring, but in cheaper labor markets. Teams are growing in certain parts of South America and Eastern Europe where they can hire people who have the skills they want, and are willing to work for a lot less, because their cost of living is much lower in their home country.
If you are entry-level. The odds are much better if you apply to smaller lesser known companies. They are more likely to give entry level people a chance. Too many grads focus on well known companies only. It's like they are not doing it because they love the work. They Just want the fame. When I got into it, I did it as a hobby, didn't care what company that hired me. I just wanted to learn and grow and accepted low pay at unknown companies. Eventually some bigger companies noticed and wanted me on my team. You have to love it. Not for money not for fame. Just love and enjoy learning and growing as a profession.
Do you really think people are not already applying en masse to those lesser-known companies? You are not aware of the reality of the world, tech is trash EVERYWHERE.
It's amazing that all these "smart" tech job people can't understand the basics of capitalism. Any worker, diploma or not, is just a tool to extract surplus value. You are no better than any other worker. In other words, you are there so the company can steal as much money from your work as possible, period. Once AI or cheaper workers come along, say goodbye. Computer science people seem to skip their basic economics lesson on how capitalism works. There is no morality or ethics; it's just pure exploitation. The only way some workers (and not many of them) have a bit more power is if they understand the internal system. This allows them to hold capitalists hostage, as finding new workers and training them takes time. But beyond that, a worker is just a modern slave, regardless of how "techy" the job is.
Tech people are not the only ones to blame. Very few other professions, if any, has as much gaslighting and narcissism as the tech field. You are expected to have a "passion" for what you do while the company is ready to cut you off at any time they see fit. You are expected to take that with a smile, and pretend that you learned so much from that "experience", and go on the search for another job right away. If you stay unemployed for a couple of months, you suddenly have to explain why. All that for a laughable salary because you "like" what you do, don't you? Almost as if you owe the company money for having that "wonderful opportunity" to make millions for them. I haven't heard about truck drivers or construction workers having to deal with any of this s--t.
You treat capitalism as simply a form of exploitation. If it is so bad, then become an entrepreneur. Why study and dedicate years to a specialization if you can simply exploit the work of others? Then you will see the difficulty of undertaking and being successful. The economy works like a free market of voluntary exchanges, if there is a high supply of a product or it has no value, then it will have no price.You say that people don't attend economics classes, which I agree with, but you also seem to have not attended half of them.
What you say is the true outcome of unbridled capitalism. But unbridled capitalism is not the only choice. Countries can choose to enact law and policy that prioritizes the well being of their own citizens instead of prioritizing the interests of oligarchs or instead of prioritizing the aspirations of foreigners over citizens. The best interests of a country’s citizens is ultimately in the best interests of the country as a whole. There are many levers the U.S. could use to benefit its citizens but there has been a lack of moral courage and common sense, leading to a lack of political will.
I got into tech pre covid by luck, it’s so much harder for new grads today. If I were a new grad, I would focus on utilizing AI to start my own start up, you can make pretty good money from a saas company, if you get acquired you’ll have life changing money, if you fail then that’s a way better experience to apply to big tech (everyone is building todo list apps for their portfolio projects). Or I would learn sales skills, sales people are still the highest paid professionals. They tend to have better lifestyles, social, and romantic success than CS people.
I am in tech sales and have been unemployed for 6 months. Been on over 100 interviews. Read about stories similar to mine on a daily basis. It's just as bad as dev work at the moment.
I think we will see at least 4 years of this issue getting worse before highschool students stop going into CS and then the industry will go back to what it was in like 2007. I don’t think we’ve even begun to see the fallout from all of this though.
Outsourcing is something you should definetely look into. There has been an explosion of talent matching agencies here in Kenya, many of them with connecting companies from The West to cheaper tech labour here in Africa. I work for one of them, so do most of my friends. The most popular countries are USA, UK & Australia. Top it off with H1B visas, outsourcing and AI and you have a shitty market for Americans. Then theres the entrance of Big Tech companies here in Kenya, Google expanded it's offices in Nairobi so did AWS and Microsoft.
This just did not happen only in Kenya; this also happened in Southeast regions. Many Western companies moved their talents to the Southeast regions. They hired cheap labour (for them) and can cut many expenses.
USA needs to slow down on admitting foreign Asian Indian kids to STEM degrees and same goes for h1b make us work force to be recruited first, there are no shortage of us born talent in STEM field for the tech jobs in usa, no controversy. Does IT position in India be permitted or replaced just for financial gain by further reducing pay, then attempting to employ a Sri Lankan or African IT developer with a indian work visa and see the results.
Knowing that you won the space race thanks to the Germans because you were unable to do it on your own, and that the technological history of the United States is full of immigrant talent, especially Jews, Indians, Westerners... American talent today is mostly reduced to young first-generation immigrants. You can’t fence in an open field. Americans crying reminds me of what happened with GameStop. All those disgusting millionaires sobbing in the corners because they got a taste of their own medicine. Now you’re screwed. The U.S. market should be absolutely flooded with European and Asian talent, and I’m honestly glad about it. Now you want to ban everything because it doesn't benefit you? That's tremendously unfair, man.
@@raulavila-t5u so parents bust their back in supporting their kids to support their scholling in US and graduates to know that jobs are gone overseas .are you talking of 1/10 of percent of imigrant who does something ground breaking from us and for the world ? rest of migrants theory is just helps the economy not the US born people.
The real problem is right there in the title of this video. Many are told very early on that a "tech job" means programming... This is far from the truth. Real tech jobs are so broad that they dwarf dev jobs. And with AI the future is in understanding the business and people side of things just as much if not more than how to write a function.
I'd argue that most tech jobs now do require some level of coding. I work in Data Engineering and a lot of my job is working in things like automating data pipelines or using terraform to build the infrastructure needed to enable the data scientists. Before this, I worked in high performance computing at a university and I was writing all sorts of bash scripts for things like batch processing or just trying to save researchers from losing data.
"And with AI the future is in understanding the business and people side of things just as much if not more than how to write a function" I 10000% agree with this! AI can code, but it can never replace the complex human emotions. It's a safe bet to get involved into tech consultancy as much as coding / development of products!
Project Management is not necessary at all. Also if they are not CERTIFIED, so former EA's or general laborers, if the project fails the company is taking a huge risk legally. They are literally often unethical secretaries that are liabilities.
This is not the first time Tech jobs have seen problems. In the 90s they started importing the foreigners. A lot of people who were working in tech, was fired and replaced with cheaper workers. A lot of grads could not get jobs cuz imports took them. It is has been a problem even in the 2000s, and 2010s.
Oh seeker of a stable ground, In changing tides, new paths are found. The forests hum, the earth still sings, Beyond the code, a deeper spring. Trade screens for soil, where roots can grow, For nature's way will always show: When systems break and jobs seem few, The answers rise in fields anew. 🌱✨
It never made sense to me to gamble one's career on 5 companies that have not innovated in years. I have 25 years of experience and have been into AI/ML/BD since 2015. My friends are not having much trouble finding work.
The reality is that "tech jobs" have been promoted and propped up for a long time as some kind of super complex advanced form of engineering when they actually mostly are not, especially today. Everybody who works in tech is not really an "engineer" as in comparable to someone who designs and builds rockets, planes or automobiles from scratch. And that image was partly boosted by the economy itself which needed programmers and actual "engineers" as web programming and development took off in the late 90s, increasing the number of developers in companies across the board. But today, programming is not seen the same way by companies as it was before, especially with the current interest rates and state of investing, so it doesn't make sense to spend as much as before. Programming is just a commodity now and therefore something they want to get done as cheaply as possible.
Indeed; I mean it has been happening in most fields, but especially in IT definition of 'tech' and 'engineer' has been pushed to absurd, when lke 80% of them were simple CRUD apps for not demanding domains. Real engineering job - like bulidng OS from scratch, low-level programming, advanced architecture or complex algorithms are minority in the field.
That’s what ive said. CS and Software Developers are not engineers Computer Engineering, Mechanical, Electrical, Aerospace, Material engineering are engineers. I have one year left to graduate as a computer engineer
"Real" engineering jobs are not much different in that regard. I have heard many complaints from electrical engineers how only use a fraction of what they learned in college in their jobs. There is always more grunt work than actually complex work.
@@milanpospisil8024 Engineering degrees are accredited under ABET, Computer Science is not. Computer science and Software development does not use engineering principles, design process, and methodologies. Lastly, they dont require a PE license. Coding was never part of engineering. Anyone can code, not everyone can be an engineer. Computer is a machine designed and built mechanical by engineers. The Circuit, chips, etc. Are design by electrical and computer engineers.
It won't go away. Unlike programming, changes should be a bit slower and less revolutionary. Jobs should be available in a great number of locations in the country. If you learn your craft well, you can open your own business. It's honest work. Some of these jobs are unionized guaranteeing you a decent income and perhaps more fair treatment. This is what I saw as an electrical engineer who worked with a lot of construction electricians. Oh yeh - If you get apprenticed, you get paid while you are being trained.
@@milanlabus1582 Too many plumbers? Too many electricians? Too many carpenters? Too many boilermakers? Too many welders? Too many steamfitters? Too many masons? Too many painters? (1) We are a long way from that situation. (2) Many of the crafts limit openings to new entrants (3) Many people have an aversion to working with their hands
I doubt many CS grads would suddenly switch to the trades. These are physically demanding jobs that I don't feel will ever be as popular as a job that can theoretically be done remotely and doesn't require physical effort. Doesn't mean CS is easy, it just attracts different types of people than the trades do.
It’s all about shareholder maximization. Layoffs help boost company value, which in turn increases bonuses for senior executives and CEOs. For example, in companies like Meta, the focus is rigged toward maximizing profits at all costs, with little regard for quality or consumer protection. Google’s quality has been deteriorating for a long time, while Meta has been selling user data to the highest bidders. These companies don’t need more engineers; they need marketers to sell their false narratives
Spent four decades in tech building a lot of really cool high-performance data infrastructure and distributed systems stuff. Retired at a very high IC level. I concur with everything Jay is saying here.
We are not being replaced. Companies are just using these temporary times to cut down their costs whilst having greater productivity than their competitors who have not yet integrated AI. They will need humans again once most companies will have similar productivity levels due to AI. Its not a replacement. Its temporary downturn. Human software developers high demand will return but will have higher standards than before thus higher salary but low employment rate
@@pondeify He is right in a way, but most probably thier roles might get changed. May be software engineer would be replaced by a prompt one. But currently not much people are using AI to write production level code. But the increase in job roles that might not be true as AI progresses it is supposed to reduce human intervention, and companies are yet to figure out a way to make money from people in AI, to compensate the computing resources they are spending.
I said this Day 1 when GPT was released "The low-mid range skilled tech jobs are in trouble". This is because AI bridges the skill gap. They can fire their expensive employees and offshore the work and supplement the their employees productivity with AI. The US employees are aren't going to be worth the hassle.
What copilot paper also noted was that the speed increase comes mostly from junior level, not senior level coding tasks. Ai is killing junior positions.
Insightful video, thanks for making it. I'd also add that you shouldn't forget that you're worth more than your tech job. You can make a piece of software, sell it, and make more in a year than you would in a decade at your job. AI is making this easier than ever since writing new code from scratch is where AI excels. (It's terrible at debugging / maintaining existing code.) Leverage it to turn yourself into an army of one. Just don't quit your day job if you have one. Most startups fail in the first 5yrs and you don't want to be out of work as AI agents hit the market this year.
No, his family from a specific hindu caste pays the corrupt indian school a couple rupees and they put a fake degree on their resume. Who can check? 90% of indian US managers who replace american teams with their caste members don't have a real degree themselves. Understand how deep the effing scam goes with these scammers, we work with these people. They are certainly not the best of anything
Or let’s protest and get these Kumars out of our country! Enough with this BS! We need US citizens running America! This is no different than relying on China for all our goods!
The job market for engineering, particularly in fields like Computer Science (CS) and Electrical Engineering (EE), is undergoing significant changes. Many U.S.-based jobs in these sectors are increasingly being outsourced to countries like India, where labor costs are considerably lower. The trend mirrors the earlier shift of manufacturing jobs overseas, driven by the economic advantage of hiring in regions where salaries are a fraction of those in the U.S. For instance, while an engineer might earn a competitive salary in the U.S., similar work can be done in India for roughly one-third to one-eighth of the cost, depending on whether the work is done locally or entirely offshore. One of my kids at 26 started a dog kennel at 23 post CS grad from CSU. His biz is clearing 215K this past year. I feel bad for US workers but you are a boat anchor. You are not needed. Welcome to the international community. Also remember these companies are not about country but profit. US got rid of manufacturing jobs and replaced those poor people with meth and oxy. No one in the US gives a crap. Its all about profit. Which we have been sold is better than Communism but the net result is the same.
Yes, the USA isn't even a real country. It's a pseudocountry that would rather commit suicide through unsustainable economics and ethics. Its quite pathetic. Our own congress sold us out to corporations during the Reagan administration. I fully believe that the rich robber barons believe that they own America and its people.
Very truthful video. AI and Outsourcing are the biggest threat to American graduates. Until they work at the cost model of AI and offshoring or move offshore they will not be able to get a job. Also the root cause of Americans being expensive is the high upfront cost of college and student loans. Until jobs are created in Mississippi and Alabama at 20 dollars per hour most of the American kids will not be able to get a tech Job in America
This is absolutely amazing! I was a computer science undergraduate and now I’m switching back from finance to computer science. I was worried about this change, but I think it’s actually a great move. I know the job market and networking for software engineers are crucial, and finance and computer science give me a different perspective. Marketing helps me understand how many people actually like the product. And with AI coming, I’m really excited about the idea of creating an online dating app for all software engineers. Haha!
Its temporary. They are doing this because not everybody is integrating AI into their operations yet. Because of this, they get to have higher productivity with lower costs. Once most companies have integrated AI, most comapnies will have similar productivity levels and then they would need humans again to compete. Complex and non repetitive jobs cant be replaced by AI no matter how powerful they become. So dont worry and just upskill
@@aymadummeech assuming AI continues to take jobs what would you need a human for that an AI cannot within the tech field? Manufacturing has mostly been outsourced for lower costs and people were laid off. Isn’t it just a cycle repeat, Silicon Valley becoming Detroit. It’s fascinating to witness.
@@Reggie2gz it becomes a matter of philosophy or spirituality at that point. If God exists or at least, if a metaphysical world exists( and our brain brains are partly or wholly metaphysical), then AI will never have our kind of intelligence. That may mean the impossibility of artificial consciousness and other cognitive processes, ultimately limiting AI’s reach. As long as AI cant fully replicate the human brain to the point it can feel emotions, it will never replace us. In short, it will replace us if it leads us
I remember in the pandemic everyone kept yapping about coding/programming. I choosed the ladder, so I put my effort to Networking and security instead, so my job is secure as it can be.
I got into security and got laid off, some of the issues is now they are trying to use h1b and overworking the few security ppl they don’t layoff. The only saving grace is gov/contractor jobs for gov does require US citizens so I’m aiming for those next. Just sucks that this is the route companies are going
I’m not traditional “tech” (programmer/coder). I work in data analytics/science (lots of SQL) in the healthcare industry. I don’t see jobs going anywhere soon in this industry; however, I do think there will be less of us in 10yrs due to AI. Data in healthcare / health insurance industry is so crazy convoluted that humans will still be needed for analysis and decision making.
I think the ultimate answer is become your own business and do AI/Cloud consultation/system architecture. Even help desk roles are going away through platforms like Atera.
the conclusion to this video was an ad. I felt like you are trying to exploit the doom and gloom and overhyping it up to just sell ur course and even then you did a bad job at marketing the ad.
Nobody ever makes it out of silicon valley alive... I worked there. The dark secret about silicon valley is that your expected to make their millions between the ages of 21-35. If you manage stay in past the age of 35. And the stress doesn't get to you first. Your salary decreases 50 grand for every year that you do stay in until the age of 40 by which of then in tech your dead.
The current job market is tough for new computer science graduates. Experienced professionals like myself, with seven years under my belt, can afford to accept lower pay if necessary, making us more attractive to employers than new grads who require training. This makes it difficult for newcomers to compete. Frankly, I wouldn't recommend pursuing computer science unless you have a genuine passion for it. My own path wasn't driven by trends; I truly love the field. While many of my friends pursued other disciplines, I've noticed a surge of people entering CS primarily for financial gain. Now that those financial incentives are less certain, those without a genuine interest are struggling. Without a true passion for computer science, navigating this industry can be incredibly challenging.
AI models are coding better than people can code. Dr. Shiva wants to hold accountable the schools that receive money from people but do not guarantee employment. Schools like Harvard make $200M a year on interest from endowment. Shiva wants to tax schools too because they operate more like banks, not schools. Endowment is supposed to be for those who can't afford tuition, not investment banking. Support Shiva for President. Truth Freedom Health.
Im really glad I gave up on going for software engineer and doing a masters in Mechatronics instead. Software guys can be outsourced to India or whatever, but to do physical stuff there will be more demand.
I know that it's easier said than done, but if you think that these companies are turning their backs against US job seekers, don't support/use their products. Create alternatives to compete. I can tell you that hiring overseas/H1B will not go away so prepare yourselves.
just letting everyone know, you didn't need to spend tens of thousands of dollars and 4-6 year in college to learn how to code. That's pretty much what Computer Science major does. Learn how to program. There are tons of training videos in UA-cam or take a week class which you have to pay, but no where near the college costs. Yes, certain companies look for college degree, but others companies don't. All you need is one opportunity to land the entry job and build you experience from there. There are so many jobs where you don't need a 4 year degree, but folks are brainwashed into getting a degree. I was one of that person. IT is one are where you really don't need a degree. There are training videos and certification you can obtain to market your self. Colleges in general is a scam. yes, if you want to be a doctor, rocket scientist, dentist or something along these line, college is pretty much mandatory. However, for IT, better use of your time and money by studying on your own or get a certification. I'm in IT and this is what I would tell high schoolers if they want to go into IT.
Lot's of internships only give jobs to those who are enrolled in a degree. You will need a link in the industry, without that you'll need a CS degree as the bare minimum. Most people have CS degrees now, it will be difficult to find a job without one.
@@johncam8420 for internship, yes, but not impossible to get it without a degree. If you can get an IT certificate, it would help a lot without a degree. Right now, there is shortage of IT workers, especially in security, so a lot better chance of getting entry level without a degree.
Dude, good job, but I just have to say it, you need to work on the audio. Getting the audio quality up to half the level that the rest of this production is at... is going to make your videos so much easier to take in. I'm stopping halfway because the foggy audio makes my head hurt - and that is despite actually liking the content and otherwise wanting to watch the rest. Hopefully this is well received, because I do mean it constructively..!
@@iqjayfeng You have already cool videos, but yeah, I agreed with him that the audio is still of low quality. Have you improved the audio using the Capcut feature? It can improve a lot, you know.
So my prediction is correct situation will become more worst in 2025 than in 2024 job market and it is a big question mark that whether AI is taking our jobs or AI is creating jobs.
Ai is not creating jobs , it's taking 10 jobs away and may be creating a very tough to learn 1-2 jobs so overall it's taking jobs away only. No human can compete with the massive knowledge base and scalability of a hidden API or a general purpose web page that spits code, summary of text or any analysis with just one form factor.
Not convinced. All those "AI improves coders efficiency" studies are done by companies who’s bottom line is directly tied to people believing that. Ask (senior) engineers that actually use the stuff see what they think about the efficiency. As for big tech, they saw what Musky did at X, saw the interest rates go up, and decided they need to get lean, but telling investors that it’s because of AI is a sexy narrative. Next, for outsourcing elsewhere, that has been a threat since Skype had video calls. It didn’t happen back then, I bet it won’t happen now either. Timezone, language barriers, work culture differences-big tech won’t rely on that in a serious way other than servicing foreign markets. My two cents, it’s a downturn dictated by the current economic market. If we don’t find a new revolutionary tech (or a use case for LLMs), it may never go back up to the same heights, but it won’t disappear either.
Well put together video man. Love the structure of it. You gave a really good breakdown and a solution and positive outlook into the industry. Keep going bro!
When there is more supply than the demand, you gotta work cheap. It’s either you who expect more or someone with the same set of skills who is willing to. Sad that people from India want to.
It's only going to get worse at these big tech companies, they are burning all money on AI and need to cut costs to stay alive until their investment pays off, if ever.
KyleCox404 said it best but i will add, to understand capitalism, no matter where it occurs on the planet, you only need to know one thing: The profits of the capitalist class is but the unpaid labor of the working masses. That is, the less they pay the workers the greater their already obsence profitss. For the last 300 years, no matter what country, what empire, what city, if it was capitalist, it operated on this fundamental fact: the profits of the capitalist class is but the unpaid labor of the working class. For example, say an engineer produces usd 1M in value for the compitalist, keep it simple, if that worker was paid all the value that he produces in wages.....the capitalist would make ZERO profits.
After watching this I can see that if you have a coding degree just go out, do market research and create something that solves a problem, you’ll have your own business and who knows, if its a good idea it might wipe out Facebook or Google because look at this, when we all thought Google and Facebook were too powerful and it would be hard for someone else to open a similar company OpenAi came along and it does have the potential of turning these other companies obsolete
@LordPhroz3nGhost just surviving, in a friend's spare room, I was a barista for a month, and I made my first 50 bucks helping others with job search (remote or tax free jobs) writing a lot as in ideation. I've sent out only one application this year tho. I think everyone should try some Form of self-employment, and become unemployable.
If you don't want to engage with artificial intelligence you need to go closer to the metal and become a low-level programmer working on things like microcontrollers and stuff like that. Companies are going to want to rush out more physical products that are powered by smart cloud infrastructure. IOT is going to explode beyond our imagination.
alot of countries invested in india. japan was rated one of top investors in india. now it can be either one or the second reason...india sold all the gold to usa... 2nd east trading company moved back to india...since the british rule in india.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
We have been in a depression since 2008, the yield curve has already uninverted, global recession indicators are flashing alarm for well over a year, and absolutely nobody could pull us out of the hell coming regardless of party.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
JASON LUNVO RODRIGUEZ a renowned figure in his line of work, i recommend researching his credentials further.... he has many years of experience and a valuable resource for anyone looking to navigate the financial market
Excellent i was able to schedule a call session. I've seen commentaries about advisors, but not one looks this phenomenal! Curiously inputted Jason lunvo rodriguez on the web, spotted his consulting page ranked top.
New grads today need real world projects and internships (at least 3 internships at corporate companies) and they will be miles ahead of the new grads who graduate with NO experience or projects at all.
Well yall hate working any way, but you want exorbitant paychecks and outlandish fringe benefits so good for the companies who are taking their jobs overseas where people actually appreciate the ability to work
So we need to work on our problem-solving skills. Don't just learn to work with others; learn to build solutions with the knowledge you have. If you do that, you might not need to work for a company-you can become one. There are so many problems in the world, and with the right mindset, we can create solutions to make a real difference.
Just an idea to anyone looking for a job. You may not get paid the most but look for small businesses in trades. I help run a small family business and I started learning a little bit of code to build solutions to recurring problems. If you know how to utilize AI that's a plus too as many of the other companies we interact with have no idea how to write a good prompt, or even what ai is capable of.
Jay, first of all - appreciate your job drastically, thanks a lot. Second of all - please get a descent mic, and then your channel will grow dramatically. I have no doubt about that.
Hey everyone! Thank you so much for watching. I will definitely fix my audio for the next video and very appreciative that you guys are willing to put up with it. Excited to push out more well researched topics and videos going forward!
They are offshoring jobs overseas...
Exactly
I love the way you pronounce "scarce". Might want to check that one. Google will read that for you. Otherwise, interesting video.
New computer science graduates are struggling to get hired because experienced professionals like me, with seven years of experience, can afford to lower our wages if we lose our jobs. Companies will still find me far more valuable than a fresh graduate who requires training. Honestly, I wouldn’t recommend studying computer science unless you genuinely enjoy it.
When I chose CS, it wasn’t just a trend-I truly loved the subject. Most of my friends aren’t CS majors or minors, but a lot of people jumped into CS purely for the money. Now that the financial incentives have diminished, it’s tough for those who don’t have a genuine interest in the field to thrive. If you don’t love CS, surviving in this industry can be very challenging.
I am this year's grad, I got a decent job. Ya but its true that I love comp science, maybe not all parts of it. But a decent chunk of it.
Not to worry, ASI will take your job too.
@@Recuper8 If it does, your job will soon be gone too.
👍
plus new h1bs are pouring in to take 85000 jobs with lower salary.
no one is talking about entire office with IT jobs moved to INDIA and firing US employees plus 85000 h1bs are pouring in which creates pressure and rejection for US grads.
This been going on since the 90s. This is nothing new
The H1-B’s In worked in Tech with were typically US grads… Mostly with graduate degrees, often from the best schools.
you must be asleep as there is a ton of chatter about h1bs. But no one is talking about the new virus that China's CCP/PLA is unleashing on the world from Wuhan right now, as a new front in the cold war to bog down the incoming Trump administration. You can reduce the h1b quota from 85000 to 25000, but what do you propose to do about the shipping of IT jobs to India (and also China and Mexico) ?
@@MrBranh0913 OK to have 100K H1 engineers coming to fulfill the empty slots. However, not ok when the US high tech job market is tight. Before 2022, tons of high tech jobs out there, many new graduate got a couple of offers. However, the good old days are gone, even some CS graduate from UC Berkeley doesn't get any offer (complained by some CS professors in UC Berkeley). One reason is that in '90, we don't produce a lot of CS graduate in US, but now we have too many of them.
@@bbowjazzHowever, there are many big Indian consulting companies are cheating. They send a lot of cheap labors to US, claimed that they are the full time employee of their companies. Instead, they are sent to different companies and work as "contractors". However, they are not work like "contractors" in other companies but more like a full time employees of the other companies but categorized as "contractors". Loop hole in H1 visa. A reporting and reward system is urgently needed to report the abuse of H1 visa. Many companies in Silicon Valley is stepping on the gray area.
In tech jobs across the U.S., Canada, and the entire West, about 99% of interviewers are now Indian. This dominance stems from a strategy the Indian government launched around 2010 or earlier, using tech outsourcing to lift the country out of poverty. It worked-thanks to the greedy, profit-driven corporate model.
Today, Indians dominate tech fields in the West, from CEOs and C-suites to entry-level jobs, and they've imported their system of hiring their own. The result? A cycle where innovation stagnates. They don’t build or invent; instead, they keep things hanging to stay in control. That’s why companies like Amazon are increasingly subpar, and many tech products feel like scams from top to bottom.
Their underhanded behavior has created widespread dislike and mistrust, rooted in the perception that their approach is more about exploitation than progress.
trump and elon are bringing some more for you to your doorstep... enjoy!
Lol I like how you think 😂
I agree with you. I haven't found a job since April 2024 because all interviewers are indians and they trip people up during interviews and it seems to me that they hire their own people. Because my ex-colleague doesn't have a green card or citizenship, even less experience and found a job before me with a green card. Also, I feel like they do interviews just for the show to fulfill job market laws.
LOL that started way before 2010 are you kidding me. Were you born in 2010?
That started around 2001.
I’ve realized that for anyone in the tech industry, it’s crucial to work on our problem-solving skills. Don’t just focus on collaborating with others; instead, learn how to build solutions using the knowledge you have. By doing this, you might not need to work for a company, you can become one. There are countless problems in the world, and with the right mindset, we can create solutions that make a real difference. AI isn’t here to replace us but to transform how we do things, and I hope it’s for the better.
Not only that universities other than printing more diploma cannot keep up with the innovation pace either. We are literally alone in this mess for real!
Good point: way to go valley engineers, who by staying home and doing remote work convinced companies that having local talent was irrelevant.
The big financial company I work for hired 1000+ IT employees in India oner the last few years , on top that they outsourced another 1000 jobs this month to a consulting firm. the consulting company is hiring mostly at their offshore location and only keeping a few executive jobs in US. Most Americans and H1B holders are left scrambling wondering if they will get fired by the consulting company or not as the entire thing is being done behind closed doors. I was asked to do a knowledge sharing session with offshore employees of the consulting firm. So my guess is they are not hiring us. This should be illegal!
It's not just the entry level roles being sourced out of the US. 5-10 YOE roles are being based there as well.
The biggest growth areas are aged care nursing, health services. People getting older and sicker, and theyre's alway more customers.
These types of care jobs pay so little for how much work you do unless you are an np or something else with a lot of credentials that cost a lot of money like being an np.
Everything goes through its boom and bust. I was a Director Of Operations of a healthcare company. I would always advise my employees that when talent is a challenge to find the company will pay top dollar. Be warned, nothing lasts forever so build you a financial war chest and be prepared. I already knew that IT was not getting the return on the investment the way they were paying out to employees. As someone with a background in finance, none of it ever made any sense.
Corporate CEO compensation remains record high, while unemployment is also record high
It is very hard to predict what will happen, but one thing is certain: juniors are in a tough spot, and they may need to consider another field. The tech industry is no longer for juniors, and only God knows when it will be again. Of course, there are still jobs, and there will continue to be, but the requirements have become unrealistic. For example, companies expect one person to handle backend, frontend, and DevOps. How can anyone master all that? But they know people are desperate, and they will push themselves to learn it all, even for a lower salary.
How will work in the industry once all of seniors of today retire? Please don't tell me by that time AI will run it independently. No, it wont.
@@matt_milack Of course it won't, but getting a job will just get harder and harder.
@@matt_milack keep in mind that a lot of programmers were "retiring" early - in their late 30s, early 40s. Often switching the jobs to other fields or truly retiring. Now we are going to see more and more developers with years of experience working in tech a lot longer than they used to. So far business doesn't care about juniors.
@@HCforLife1 Again, those people will not work in Tech till 23rd century.
@@matt_milack Matt, the challenge is the overpaid CEO, CFO AND CIO don't care. They only think of these things on a quarter by quater basis. This requires strategic thinking that today's C suite is incapable of. And so sadly you are right. Upvoted you.
I’ve worked for one of these companies, and what I’ve seen is that they’re still hiring, but in cheaper labor markets. Teams are growing in certain parts of South America and Eastern Europe where they can hire people who have the skills they want, and are willing to work for a lot less, because their cost of living is much lower in their home country.
If you are entry-level. The odds are much better if you apply to smaller lesser known companies. They are more likely to give entry level people a chance.
Too many grads focus on well known companies only. It's like they are not doing it because they love the work. They Just want the fame.
When I got into it, I did it as a hobby, didn't care what company that hired me. I just wanted to learn and grow and accepted low pay at unknown companies. Eventually some bigger companies noticed and wanted me on my team.
You have to love it. Not for money not for fame. Just love and enjoy learning and growing as a profession.
Ego is our enemy
what FAME are you talking about be fr smh
Bla bla it's the SAME in start-ups, they just pretend they ran out of money before getting rid of all the non toxic employees!
Do you really think people are not already applying en masse to those lesser-known companies? You are not aware of the reality of the world, tech is trash EVERYWHERE.
I promise you these new grads who can't find jobs are also probably machine gunning resumes to these small firms too.
It's amazing that all these "smart" tech job people can't understand the basics of capitalism. Any worker, diploma or not, is just a tool to extract surplus value. You are no better than any other worker. In other words, you are there so the company can steal as much money from your work as possible, period. Once AI or cheaper workers come along, say goodbye.
Computer science people seem to skip their basic economics lesson on how capitalism works. There is no morality or ethics; it's just pure exploitation. The only way some workers (and not many of them) have a bit more power is if they understand the internal system. This allows them to hold capitalists hostage, as finding new workers and training them takes time. But beyond that, a worker is just a modern slave, regardless of how "techy" the job is.
Tech people are not the only ones to blame. Very few other professions, if any, has as much gaslighting and narcissism as the tech field. You are expected to have a "passion" for what you do while the company is ready to cut you off at any time they see fit. You are expected to take that with a smile, and pretend that you learned so much from that "experience", and go on the search for another job right away. If you stay unemployed for a couple of months, you suddenly have to explain why. All that for a laughable salary because you "like" what you do, don't you? Almost as if you owe the company money for having that "wonderful opportunity" to make millions for them. I haven't heard about truck drivers or construction workers having to deal with any of this s--t.
Since you are so "smart", whats your alternative solution to capitalism ?
You treat capitalism as simply a form of exploitation. If it is so bad, then become an entrepreneur. Why study and dedicate years to a specialization if you can simply exploit the work of others? Then you will see the difficulty of undertaking and being successful. The economy works like a free market of voluntary exchanges, if there is a high supply of a product or it has no value, then it will have no price.You say that people don't attend economics classes, which I agree with, but you also seem to have not attended half of them.
What you say is the true outcome of unbridled capitalism. But unbridled capitalism is not the only choice. Countries can choose to enact law and policy that prioritizes the well being of their own citizens instead of prioritizing the interests of oligarchs or instead of prioritizing the aspirations of foreigners over citizens. The best interests of a country’s citizens is ultimately in the best interests of the country as a whole.
There are many levers the U.S. could use to benefit its citizens but there has been a lack of moral courage and common sense, leading to a lack of political will.
@@nobody27019 What you said is completly true, I agree not other career you it is expected to be your passion or spend all your free time doing it
I got into tech pre covid by luck, it’s so much harder for new grads today. If I were a new grad, I would focus on utilizing AI to start my own start up, you can make pretty good money from a saas company, if you get acquired you’ll have life changing money, if you fail then that’s a way better experience to apply to big tech (everyone is building todo list apps for their portfolio projects). Or I would learn sales skills, sales people are still the highest paid professionals. They tend to have better lifestyles, social, and romantic success than CS people.
Projects aren’t counted as real world paid profsssional company experience by employers. Best to abandon if new.
@@GoonCity777then what should I do? I'm about to graduate with a tech degree and don't know what to do, please help
I am in tech sales and have been unemployed for 6 months. Been on over 100 interviews. Read about stories similar to mine on a daily basis. It's just as bad as dev work at the moment.
Starting a new AI startup is MANY times harder and more likely to fail than becoming a programmer today. Nonetheless both job areas are disappearing
When companies goes after you. You go after those companies by building similar products.
I think we will see at least 4 years of this issue getting worse before highschool students stop going into CS and then the industry will go back to what it was in like 2007.
I don’t think we’ve even begun to see the fallout from all of this though.
Outsourcing is something you should definetely look into.
There has been an explosion of talent matching agencies here in Kenya, many of them with connecting companies from The West to cheaper tech labour here in Africa.
I work for one of them, so do most of my friends.
The most popular countries are USA, UK & Australia.
Top it off with H1B visas, outsourcing and AI and you have a shitty market for Americans.
Then theres the entrance of Big Tech companies here in Kenya, Google expanded it's offices in Nairobi so did AWS and Microsoft.
This just did not happen only in Kenya; this also happened in Southeast regions. Many Western companies moved their talents to the Southeast regions. They hired cheap labour (for them) and can cut many expenses.
USA needs to slow down on admitting foreign Asian Indian kids to STEM degrees and same goes for h1b make us work force to be recruited first, there are no shortage of us born talent in STEM field for the tech jobs in usa, no controversy. Does IT position in India be permitted or replaced just for financial gain by further reducing pay, then attempting to employ a Sri Lankan or African IT developer with a indian work visa and see the results.
Knowing that you won the space race thanks to the Germans because you were unable to do it on your own, and that the technological history of the United States is full of immigrant talent, especially Jews, Indians, Westerners... American talent today is mostly reduced to young first-generation immigrants. You can’t fence in an open field. Americans crying reminds me of what happened with GameStop. All those disgusting millionaires sobbing in the corners because they got a taste of their own medicine. Now you’re screwed. The U.S. market should be absolutely flooded with European and Asian talent, and I’m honestly glad about it. Now you want to ban everything because it doesn't benefit you? That's tremendously unfair, man.
@@raulavila-t5u so parents bust their back in supporting their kids to support their scholling in US and graduates to know that jobs are gone overseas .are you talking of 1/10 of percent of imigrant who does something ground breaking from us and for the world ? rest of migrants theory is just helps the economy not the US born people.
haha thats not gonna stop Ai from taking your tech jobs bro
The real problem is right there in the title of this video. Many are told very early on that a "tech job" means programming... This is far from the truth. Real tech jobs are so broad that they dwarf dev jobs. And with AI the future is in understanding the business and people side of things just as much if not more than how to write a function.
I'd argue that most tech jobs now do require some level of coding. I work in Data Engineering and a lot of my job is working in things like automating data pipelines or using terraform to build the infrastructure needed to enable the data scientists. Before this, I worked in high performance computing at a university and I was writing all sorts of bash scripts for things like batch processing or just trying to save researchers from losing data.
"And with AI the future is in understanding the business and people side of things just as much if not more than how to write a function"
I 10000% agree with this! AI can code, but it can never replace the complex human emotions. It's a safe bet to get involved into tech consultancy as much as coding / development of products!
Project Management is not necessary at all. Also if they are not CERTIFIED, so former EA's or general laborers, if the project fails the company is taking a huge risk legally. They are literally often unethical secretaries that are liabilities.
This is not the first time Tech jobs have seen problems. In the 90s they started importing the foreigners. A lot of people who were working in tech, was fired and replaced with cheaper workers. A lot of grads could not get jobs cuz imports took them. It is has been a problem even in the 2000s, and 2010s.
Oh seeker of a stable ground,
In changing tides, new paths are found.
The forests hum, the earth still sings,
Beyond the code, a deeper spring.
Trade screens for soil, where roots can grow,
For nature's way will always show:
When systems break and jobs seem few,
The answers rise in fields anew. 🌱✨
Nice poem
It never made sense to me to gamble one's career on 5 companies that have not innovated in years. I have 25 years of experience and have been into AI/ML/BD since 2015. My friends are not having much trouble finding work.
The reality is that "tech jobs" have been promoted and propped up for a long time as some kind of super complex advanced form of engineering when they actually mostly are not, especially today. Everybody who works in tech is not really an "engineer" as in comparable to someone who designs and builds rockets, planes or automobiles from scratch. And that image was partly boosted by the economy itself which needed programmers and actual "engineers" as web programming and development took off in the late 90s, increasing the number of developers in companies across the board. But today, programming is not seen the same way by companies as it was before, especially with the current interest rates and state of investing, so it doesn't make sense to spend as much as before. Programming is just a commodity now and therefore something they want to get done as cheaply as possible.
Indeed; I mean it has been happening in most fields, but especially in IT definition of 'tech' and 'engineer' has been pushed to absurd, when lke 80% of them were simple CRUD apps for not demanding domains. Real engineering job - like bulidng OS from scratch, low-level programming, advanced architecture or complex algorithms are minority in the field.
That’s what ive said. CS and Software Developers are not engineers
Computer Engineering, Mechanical, Electrical, Aerospace, Material engineering are engineers.
I have one year left to graduate as a computer engineer
@@lionedheart Why are not engineers? Engineering is about machines. Computer is machine.
"Real" engineering jobs are not much different in that regard. I have heard many complaints from electrical engineers how only use a fraction of what they learned in college in their jobs. There is always more grunt work than actually complex work.
@@milanpospisil8024 Engineering degrees are accredited under ABET, Computer Science is not. Computer science and Software development does not use engineering principles, design process, and methodologies. Lastly, they dont require a PE license. Coding was never part of engineering. Anyone can code, not everyone can be an engineer.
Computer is a machine designed and built mechanical by engineers. The Circuit, chips, etc. Are design by electrical and computer engineers.
Fuck this I'm going to trade school.
It won't go away. Unlike programming, changes should be a bit slower and less revolutionary. Jobs should be available in a great number of locations in the country. If you learn your craft well, you can open your own business. It's honest work. Some of these jobs are unionized guaranteeing you a decent income and perhaps more fair treatment. This is what I saw as an electrical engineer who worked with a lot of construction electricians. Oh yeh - If you get apprenticed, you get paid while you are being trained.
if all CS grads go to trade school we will oversaturate that too and its salaries will drop
@@milanlabus1582 Too many plumbers? Too many electricians? Too many carpenters? Too many boilermakers? Too many welders? Too many steamfitters? Too many masons? Too many painters? (1) We are a long way from that situation. (2) Many of the crafts limit openings to new entrants (3) Many people have an aversion to working with their hands
I doubt many CS grads would suddenly switch to the trades. These are physically demanding jobs that I don't feel will ever be as popular as a job that can theoretically be done remotely and doesn't require physical effort. Doesn't mean CS is easy, it just attracts different types of people than the trades do.
And that's how trade schools are doomed after 10 years simply too many ppl
It’s all about shareholder maximization. Layoffs help boost company value, which in turn increases bonuses for senior executives and CEOs. For example, in companies like Meta, the focus is rigged toward maximizing profits at all costs, with little regard for quality or consumer protection. Google’s quality has been deteriorating for a long time, while Meta has been selling user data to the highest bidders. These companies don’t need more engineers; they need marketers to sell their false narratives
Spent four decades in tech building a lot of really cool high-performance data infrastructure and distributed systems stuff. Retired at a very high IC level. I concur with everything Jay is saying here.
We are not being replaced. Companies are just using these temporary times to cut down their costs whilst having greater productivity than their competitors who have not yet integrated AI.
They will need humans again once most companies will have similar productivity levels due to AI.
Its not a replacement. Its temporary downturn. Human software developers high demand will return but will have higher standards than before thus higher salary but low employment rate
I suppose you don't know much about AI coding tools
@@pondeify He is right in a way, but most probably thier roles might get changed. May be software engineer would be replaced by a prompt one. But currently not much people are using AI to write production level code. But the increase in job roles that might not be true as AI progresses it is supposed to reduce human intervention, and companies are yet to figure out a way to make money from people in AI, to compensate the computing resources they are spending.
@@pondeify ChatGPT can barely generate an image right without misspelling basic words.
@@pondeifyand I suppose you don’t know much, at all.
You are being replaced by Ai...
All indians
So in other words we’re all screwed 😣
Yes
you should of studied EE
@@olirob7706I hate EE, comp systems maybe but EE? Hell no
What does EE stand for?
@ Electrical Engineering
I said this Day 1 when GPT was released "The low-mid range skilled tech jobs are in trouble". This is because AI bridges the skill gap. They can fire their expensive employees and offshore the work and supplement the their employees productivity with AI. The US employees are aren't going to be worth the hassle.
What copilot paper also noted was that the speed increase comes mostly from junior level, not senior level coding tasks. Ai is killing junior positions.
Insightful video, thanks for making it. I'd also add that you shouldn't forget that you're worth more than your tech job. You can make a piece of software, sell it, and make more in a year than you would in a decade at your job. AI is making this easier than ever since writing new code from scratch is where AI excels. (It's terrible at debugging / maintaining existing code.) Leverage it to turn yourself into an army of one. Just don't quit your day job if you have one. Most startups fail in the first 5yrs and you don't want to be out of work as AI agents hit the market this year.
Kumar can get a Tech Degree in India for 5 to 8 K...Then come to America and undercut citizens. Best to avoid tech degrees !
🙄🙄
No, his family from a specific hindu caste pays the corrupt indian school a couple rupees and they put a fake degree on their resume. Who can check? 90% of indian US managers who replace american teams with their caste members don't have a real degree themselves. Understand how deep the effing scam goes with these scammers, we work with these people. They are certainly not the best of anything
Or let’s protest and get these Kumars out of our country! Enough with this BS! We need US citizens running America! This is no different than relying on China for all our goods!
Used to be Rajesh right?
Robert dances to TikTok videos and majors in LGBTQ rights and psychology while Kumar slogs day and night to learn engineering, be like Kumar
New way to get a job in 2025: be a robot.
The job market for engineering, particularly in fields like Computer Science (CS) and Electrical Engineering (EE), is undergoing significant changes. Many U.S.-based jobs in these sectors are increasingly being outsourced to countries like India, where labor costs are considerably lower. The trend mirrors the earlier shift of manufacturing jobs overseas, driven by the economic advantage of hiring in regions where salaries are a fraction of those in the U.S. For instance, while an engineer might earn a competitive salary in the U.S., similar work can be done in India for roughly one-third to one-eighth of the cost, depending on whether the work is done locally or entirely offshore. One of my kids at 26 started a dog kennel at 23 post CS grad from CSU. His biz is clearing 215K this past year. I feel bad for US workers but you are a boat anchor. You are not needed. Welcome to the international community. Also remember these companies are not about country but profit. US got rid of manufacturing jobs and replaced those poor people with meth and oxy. No one in the US gives a crap. Its all about profit. Which we have been sold is better than Communism but the net result is the same.
Yes, the USA isn't even a real country. It's a pseudocountry that would rather commit suicide through unsustainable economics and ethics. Its quite pathetic. Our own congress sold us out to corporations during the Reagan administration. I fully believe that the rich robber barons believe that they own America and its people.
Very truthful video. AI and Outsourcing are the biggest threat to American graduates. Until they work at the cost model of AI and offshoring or move offshore they will not be able to get a job. Also the root cause of Americans being expensive is the high upfront cost of college and student loans. Until jobs are created in Mississippi and Alabama at 20 dollars per hour most of the American kids will not be able to get a tech Job in America
This is where policies should have kicked in, hopefully, so the people could stay afloat in the society
This is absolutely amazing! I was a computer science undergraduate and now I’m switching back from finance to computer science. I was worried about this change, but I think it’s actually a great move. I know the job market and networking for software engineers are crucial, and finance and computer science give me a different perspective. Marketing helps me understand how many people actually like the product. And with AI coming, I’m really excited about the idea of creating an online dating app for all software engineers. Haha!
Hey , great idea . Would love to collaborate with you on that idea. Let me know.
Bro you gonna be broke, pick up some real skills
@@denisblack9897 Compared to billionaires, I’m quite broke. I’m actually pretty good at business, though. Thanks for your comment!
don't create another social media app which has no purpose.
lmao. You will be replaced by H1B.
Honestly sucks that companies are letting go of people due to advancement of AI ,we shouldn't have to worry about our jobs cause of AI😪
We shouldn't but technological progress is inevitable!
Its temporary. They are doing this because not everybody is integrating AI into their operations yet. Because of this, they get to have higher productivity with lower costs. Once most companies have integrated AI, most comapnies will have similar productivity levels and then they would need humans again to compete.
Complex and non repetitive jobs cant be replaced by AI no matter how powerful they become. So dont worry and just upskill
@@aymadummeech assuming AI continues to take jobs what would you need a human for that an AI cannot within the tech field? Manufacturing has mostly been outsourced for lower costs and people were laid off. Isn’t it just a cycle repeat, Silicon Valley becoming Detroit.
It’s fascinating to witness.
@@Reggie2gz it becomes a matter of philosophy or spirituality at that point. If God exists or at least, if a metaphysical world exists( and our brain brains are partly or wholly metaphysical), then AI will never have our kind of intelligence. That may mean the impossibility of artificial consciousness and other cognitive processes, ultimately limiting AI’s reach. As long as AI cant fully replicate the human brain to the point it can feel emotions, it will never replace us.
In short, it will replace us if it leads us
So my prediction is correct situation will become more worst in 2025 than in 2024, brace yourself
I remember in the pandemic everyone kept yapping about coding/programming. I choosed the ladder, so I put my effort to Networking and security instead, so my job is secure as it can be.
I'm doubtful you actually know how a computer even works though. So many in security are complete skids.
Ai can do network and security better than humans.
@@mmm-ie5wsai cant do shit, wake up
Chose.
I got into security and got laid off, some of the issues is now they are trying to use h1b and overworking the few security ppl they don’t layoff. The only saving grace is gov/contractor jobs for gov does require US citizens so I’m aiming for those next. Just sucks that this is the route companies are going
I’m not traditional “tech” (programmer/coder). I work in data analytics/science (lots of SQL) in the healthcare industry. I don’t see jobs going anywhere soon in this industry; however, I do think there will be less of us in 10yrs due to AI. Data in healthcare / health insurance industry is so crazy convoluted that humans will still be needed for analysis and decision making.
I need ur advice. I am a nurse. I know python. Should I learn ai? To be a part of data science
I think the ultimate answer is become your own business and do AI/Cloud consultation/system architecture. Even help desk roles are going away through platforms like Atera.
The issue here is that 99% of people who don't have experience won't find the job as any sort of consultant
What capital & money can they use for their business post graduation when broke?
the conclusion to this video was an ad. I felt like you are trying to exploit the doom and gloom and overhyping it up to just sell ur course and even then you did a bad job at marketing the ad.
EVERYTHING Burns
Nobody ever makes it out of silicon valley alive... I worked there. The dark secret about silicon valley is that your expected to make their millions between the ages of 21-35. If you manage stay in past the age of 35. And the stress doesn't get to you first. Your salary decreases 50 grand for every year that you do stay in until the age of 40 by which of then in tech your dead.
Does Meta still have PMs. Project Management is not necessary with Agile. They are literally useless secretaries..
3 decades in tech , unemployed as a freelancer no jobs in uk ... it's done with ai taking over
The current job market is tough for new computer science graduates. Experienced professionals like myself, with seven years under my belt, can afford to accept lower pay if necessary, making us more attractive to employers than new grads who require training. This makes it difficult for newcomers to compete.
Frankly, I wouldn't recommend pursuing computer science unless you have a genuine passion for it. My own path wasn't driven by trends; I truly love the field. While many of my friends pursued other disciplines, I've noticed a surge of people entering CS primarily for financial gain. Now that those financial incentives are less certain, those without a genuine interest are struggling. Without a true passion for computer science, navigating this industry can be incredibly challenging.
Very insightful for new comers in tech industry.
New graduates from recent years will get hit the hardest. Just goes to show how quickly tech changes.
This comment section is off its rocker with the high and mighty attitudes, I came here for insight geez louise
And now introduce more H1B visas entering the market, outsourcing and AI. The further is looking grim.
We need universal basic income now
😂 they’re going to be cheap about it
You mean neo-feudalism? 😂 Heck no!
No we don’t need massive inflation
That's what the clot shot was for, d uh.
Most likely no one is going to hire bootcampers anymore
Great work Jay - love the production on here as well :)
You nailed it Jay Feng
A very good overview of what is happening in the tech market, thank you so much for putting it together so seamlessly.
AI models are coding better than people can code. Dr. Shiva wants to hold accountable the schools that receive money from people but do not guarantee employment. Schools like Harvard make $200M a year on interest from endowment. Shiva wants to tax schools too because they operate more like banks, not schools. Endowment is supposed to be for those who can't afford tuition, not investment banking. Support Shiva for President. Truth Freedom Health.
Im really glad I gave up on going for software engineer and doing a masters in Mechatronics instead.
Software guys can be outsourced to India or whatever, but to do physical stuff there will be more demand.
stuck working at start ups.
I know that it's easier said than done, but if you think that these companies are turning their backs against US job seekers, don't support/use their products. Create alternatives to compete. I can tell you that hiring overseas/H1B will not go away so prepare yourselves.
just letting everyone know, you didn't need to spend tens of thousands of dollars and 4-6 year in college to learn how to code. That's pretty much what Computer Science major does. Learn how to program. There are tons of training videos in UA-cam or take a week class which you have to pay, but no where near the college costs. Yes, certain companies look for college degree, but others companies don't. All you need is one opportunity to land the entry job and build you experience from there. There are so many jobs where you don't need a 4 year degree, but folks are brainwashed into getting a degree. I was one of that person. IT is one are where you really don't need a degree. There are training videos and certification you can obtain to market your self. Colleges in general is a scam. yes, if you want to be a doctor, rocket scientist, dentist or something along these line, college is pretty much mandatory. However, for IT, better use of your time and money by studying on your own or get a certification. I'm in IT and this is what I would tell high schoolers if they want to go into IT.
Lot's of internships only give jobs to those who are enrolled in a degree. You will need a link in the industry, without that you'll need a CS degree as the bare minimum. Most people have CS degrees now, it will be difficult to find a job without one.
@@johncam8420 for internship, yes, but not impossible to get it without a degree. If you can get an IT certificate, it would help a lot without a degree. Right now, there is shortage of IT workers, especially in security, so a lot better chance of getting entry level without a degree.
Dude, good job, but I just have to say it, you need to work on the audio. Getting the audio quality up to half the level that the rest of this production is at... is going to make your videos so much easier to take in. I'm stopping halfway because the foggy audio makes my head hurt - and that is despite actually liking the content and otherwise wanting to watch the rest. Hopefully this is well received, because I do mean it constructively..!
Working on it!
@@iqjayfeng You have already cool videos, but yeah, I agreed with him that the audio is still of low quality. Have you improved the audio using the Capcut feature? It can improve a lot, you know.
Companies are flattening and getting rid of management. Middle management is reducing greatly.
Correct all entry level in my tech company employer are in india soooooo annoying!!!! Im stuck in my role here in usa ughhhh
Can have a company full of geniuses, and there will still be "low performers". Someone has to be at the top and 1st , and someone has to be last.
I'm feeling a bit sick after starting this... anyoone else?
Iam doing masters and now iam worried about my future
Pfft hehehehe you too huh...
Join the club.
😂😂😂
😂😂😂😂
You should be worried
Thanks for sharing you observations and analysis of the Tech Job market 👌🏾
Theres only temporary jobs for IT.
I'm guiding my kid through the college to tech job path. This was a very informative discussion. I look forward to more. Liked and Subscribed.
Who's guiding you?
Recommend him going to trade school after graduation as a backup. It’s like a financial investment.
So my prediction is correct situation will become more worst in 2025 than in 2024 job market and it is a big question mark that whether AI is taking our jobs or AI is creating jobs.
Ai is not creating jobs , it's taking 10 jobs away and may be creating a very tough to learn 1-2 jobs so overall it's taking jobs away only. No human can compete with the massive knowledge base and scalability of a hidden API or a general purpose web page that spits code, summary of text or any analysis with just one form factor.
@@amitjain3323 you work for TCS right?
@@amitjain3323 I hate that this is truth and I m delusional so I m gonna say that, that wonot happen
Not convinced. All those "AI improves coders efficiency" studies are done by companies who’s bottom line is directly tied to people believing that. Ask (senior) engineers that actually use the stuff see what they think about the efficiency.
As for big tech, they saw what Musky did at X, saw the interest rates go up, and decided they need to get lean, but telling investors that it’s because of AI is a sexy narrative.
Next, for outsourcing elsewhere, that has been a threat since Skype had video calls. It didn’t happen back then, I bet it won’t happen now either. Timezone, language barriers, work culture differences-big tech won’t rely on that in a serious way other than servicing foreign markets.
My two cents, it’s a downturn dictated by the current economic market. If we don’t find a new revolutionary tech (or a use case for LLMs), it may never go back up to the same heights, but it won’t disappear either.
Well put together video man. Love the structure of it. You gave a really good breakdown and a solution and positive outlook into the industry. Keep going bro!
Thanks man!
Excellent analysis and delivery
When there is more supply than the demand, you gotta work cheap. It’s either you who expect more or someone with the same set of skills who is willing to. Sad that people from India want to.
this needs 10 million views
i attended Lambda, but guess whos not working in tech, and also not paying them a dime.
It's only going to get worse at these big tech companies, they are burning all money on AI and need to cut costs to stay alive until their investment pays off, if ever.
KyleCox404 said it best but i will add, to understand capitalism, no matter where it occurs on the planet, you only need to know one thing: The profits of the capitalist class is but the unpaid labor of the working masses. That is, the less they pay the workers the greater their already obsence profitss.
For the last 300 years, no matter what country, what empire, what city, if it was capitalist, it operated on this fundamental fact: the profits of the capitalist class is but the unpaid labor of the working class. For example, say an engineer produces usd 1M in value for the compitalist, keep it simple, if that worker was paid all the value that he produces in wages.....the capitalist would make ZERO profits.
After watching this I can see that if you have a coding degree just go out, do market research and create something that solves a problem, you’ll have your own business and who knows, if its a good idea it might wipe out Facebook or Google because look at this, when we all thought Google and Facebook were too powerful and it would be hard for someone else to open a similar company OpenAi came along and it does have the potential of turning these other companies obsolete
The way u pronounce scarce is killing me
SCAR-SSSSSS
@ 😂😂
😂
I yelled at the screen
I think he was saying "sparse".
Very informative and detailed- thank you!!!!
Can confirm, ex techworker. My last job was early 2024, time to just make money, ethically ofc
What have you been doing?
@LordPhroz3nGhost just surviving, in a friend's spare room, I was a barista for a month, and I made my first 50 bucks helping others with job search (remote or tax free jobs) writing a lot as in ideation. I've sent out only one application this year tho. I think everyone should try some Form of self-employment, and become unemployable.
If you don't want to engage with artificial intelligence you need to go closer to the metal and become a low-level programmer working on things like microcontrollers and stuff like that. Companies are going to want to rush out more physical products that are powered by smart cloud infrastructure. IOT is going to explode beyond our imagination.
alot of countries invested in india.
japan was rated one of top investors in india.
now it can be either one or the second reason...india sold all the gold to usa...
2nd east trading company moved back to india...since the british rule in india.
.I really love the illustration using musical chair. Ayeeee! Snoopy's Crew made the cut.
I'm in cybersecurity and about to graduate this year and I am really concerned about this. I might be screwed
Cybersecurity is booming, don't worry.
@CinnamonStickk I want to start at IT support, then work my way up to a cybersecurity job
@@supermax5000 Same here I'm also working on getting CCNA certified. Then move up to the ladder
What about data analysis
why is cs even a thing
So tell us what we do?
Do drugs!
This was great, thanks Jay
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
We have been in a depression since 2008, the yield curve has already uninverted, global recession indicators are flashing alarm for well over a year, and absolutely nobody could pull us out of the hell coming regardless of party.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
JASON LUNVO RODRIGUEZ a renowned figure in his line of work, i recommend researching his credentials further.... he has many years of experience and a valuable resource for anyone looking to navigate the financial market
Excellent i was able to schedule a call session. I've seen commentaries about advisors, but not one looks this phenomenal! Curiously inputted Jason lunvo rodriguez on the web, spotted his consulting page ranked top.
New grads today need real world projects and internships (at least 3 internships at corporate companies) and they will be miles ahead of the new grads who graduate with NO experience or projects at all.
Great video Jay, keep up the good work!
Well yall hate working any way, but you want exorbitant paychecks and outlandish fringe benefits so good for the companies who are taking their jobs overseas where people actually appreciate the ability to work
So we need to work on our problem-solving skills. Don't just learn to work with others; learn to build solutions with the knowledge you have. If you do that, you might not need to work for a company-you can become one. There are so many problems in the world, and with the right mindset, we can create solutions to make a real difference.
There are literally 30,000 just cyber security jobs in the US, just on indeed.
Most companies put out open positions to appear like they are growing.
@@internetpointsbankbut they never hire
Out of 30,000 jobs, 20,000 will be outsourced to India and 9,000 will be filled with Indians with H1B visas in USA.
Just an idea to anyone looking for a job. You may not get paid the most but look for small businesses in trades. I help run a small family business and I started learning a little bit of code to build solutions to recurring problems. If you know how to utilize AI that's a plus too as many of the other companies we interact with have no idea how to write a good prompt, or even what ai is capable of.
It's not about getting a diploma, it's what you do with it afterward.
Jay, first of all - appreciate your job drastically, thanks a lot. Second of all - please get a descent mic, and then your channel will grow dramatically. I have no doubt about that.
we're so done