Larry Myers

Daily Note

January 6, 2024

The WSJ is reporting the tech industry was essentially stagnant in 2023 with respect to job growth. Unemployment in tech is still below the national average, so this isn’t the crash of the dotcom bubble. Talented software developers will still have jobs. But it suggests the industry isn’t sure what’s next. It might be AI, or it might be the continued slow automation of the business world.

I sympathize with new grads though. It hurts to enter the workforce during times of low or no growth, and you have to work so much harder to recover any lost wage growth during the course of your career.