Tech layoffs will expose the downside of careers with limited barriers to entry

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Tech layoffs will expose the downside of careers with limited barriers to entry

Economist
f60c

I'd wager that you never took an economics course in your life.

Most coders just copy whatever they've seen before.

Coding requires creativity, optimization, and foresight, qualities many economists unfortunately do not have.

Good coders come up with an idea and decide the general logic before they start writing. They might copy and paste syntax here and there, but that's only a part of the equation. Even for the stuff they copy paste they still need to adapt it to the business problem, scope out edge cases, and make it as efficient and scalable as possible. That takes solid problem solving skills. OTOH academic economists start out by copying an idea and then manipulate the language to make it seem novel when it's not. That's not technical creativity or problem-solving, that's writing. Literature review takes up half of research papers lol.

1 month ago # QUOTE 2 Volod 1 Vlad !
Economist
f60c

yeah, you're totally clueless about economics. probably would get an F in a high school course.

why would the demand side want to decrease supply? dude, you are CLUELESS.

Tech companies can also change the difficulty to manipulate supply.

So they can get top candidates d/um/ba/ss. They want the best of the best, not someone who can’t code for s/h/it or even someone who’s “good enough”. Try harder. There is literally no difference between credentials and interviews, they both signal the same thing.

1 month ago # QUOTE 1 Volod 1 Vlad !
Economist
9caa

Brilliant response. Your logic is laughable, no wonder you’re an economist.

1 month ago # QUOTE 3 Volod 0 Vlad !
Economist
9caa

yeah, you're totally clueless about economics. probably would get an F in a high school course.

why would the demand side want to decrease supply? dude, you are CLUELESS.

Tech companies can also change the difficulty to manipulate supply.

So they can get top candidates d/um/ba/ss. They want the best of the best, not someone who can’t code for s/h/it or even someone who’s “good enough”. Try harder. There is literally no difference between credentials and interviews, they both signal the same thing.

You really can’t come up with a better response? Come on, think a little harder, for once in your life.

1 month ago # QUOTE 1 Volod 0 Vlad !
Economist
21f5

Coding is extremely unpleasant work. Youd have to pay me at least 3 times my current salary to even consider doing it.

You couldn't pay to waste my days regurgitating other people's ideas and calling it "research". Coding requires creativity, optimization, and foresight, qualities many economists unfortunately do not have.

while that's true, 95% of coding in faang is ju.nk that does not involve any of this. huge difference between faang leetcoder and swe who builds their own stuff.

1 month ago # QUOTE 1 Volod 1 Vlad !
Economist
1f08

Most high paying professions have barriers to entry like actuaries, lawyers, doctors, and accountants. you need specific credentials to practice. That is not the case in software engineering. The society of actuaries can literally increase the difficulty of the exams to manipulate the supply.

By that (terrible) definition, how is there a barrier to entry in any profession? Anyone can apply to med school, there are meetups and conferences for undergrads etc to stoke interest. Do you really not understand how rigid your thinking is?

How are actuarial exams any different from leetcode or technical interviews at competitive companies? Tech companies can also change the difficulty to manipulate supply. Face it, at the end of the day, there is no difference between credentials/exams and technical interviews wrt to filtering out qualified candidates. You just have a weird grudge against coding/tech for some reason.

I agree with you, but I think we're just going in circles at this point. Moral of the story: SWEs and economists hate each other lol.

1 month ago # QUOTE 2 Volod 0 Vlad !
Economist
21f5

and thats why swes should stay on blind. this place is for econs.

1 month ago # QUOTE 1 Volod 0 Vlad !
Economist
9caa

and thats why swes should stay on blind. this place is for econs.

Come on now, this place is pretty much an open forum at this point. That’s how the free market works. You sure you’re an economist?

1 month ago # QUOTE 3 Volod 4 Vlad !
Economist
9caa

Most high paying professions have barriers to entry like actuaries, lawyers, doctors, and accountants. you need specific credentials to practice. That is not the case in software engineering. The society of actuaries can literally increase the difficulty of the exams to manipulate the supply.

By that (terrible) definition, how is there a barrier to entry in any profession? Anyone can apply to med school, there are meetups and conferences for undergrads etc to stoke interest. Do you really not understand how rigid your thinking is?

How are actuarial exams any different from leetcode or technical interviews at competitive companies? Tech companies can also change the difficulty to manipulate supply. Face it, at the end of the day, there is no difference between credentials/exams and technical interviews wrt to filtering out qualified candidates. You just have a weird grudge against coding/tech for some reason.

I agree with you, but I think we're just going in circles at this point. Moral of the story: SWEs and economists hate each other lol.

Yeah I guess I just enjoyed backing him into a corner until he ran out of arguments. Didn’t take too long

1 month ago # QUOTE 1 Volod 0 Vlad !
Economist
88f2

Credentials/degrees shouldn't really matter. Ability/experience should.

Unfortunately most professions behave like cartels. Be it doctors or accountants or economist. Economist being less so but still to some extent. Perfect competition is a fairy tale idea. Over time I have realized that ambiguity a out what is skill and productivity in a profession is a great way to mask cartelization a d lack of competition in a profession.

1 month ago # QUOTE 2 Volod 0 Vlad !
Economist
ffad

Any actual layoffs?

1 month ago # QUOTE 1 Volod 0 Vlad !
Economist
f60c

yeah, exactly. they are so clue.less.

and thats why swes should stay on blind. this place is for econs.

1 month ago # QUOTE 1 Volod 0 Vlad !
Economist
f60c

A cartel is when you try to limit competition (supply). That's the entire point of the thread. OP is claiming that SWEs dont have a cartel going like other professions that can use certifications, degrees, etc to limit the supply of people who are qualified to practice a certain profession. Then these re.ta.hded coders keep saying like "oh yeah, you dont need a degree to work as a coder, just need to pass the intervew." lol. they dont understand anything. The interview process is controlled by the demand side not supply side. So it is not the same thing at all.

Credentials/degrees shouldn't really matter. Ability/experience should.

Unfortunately most professions behave like cartels. Be it doctors or accountants or economist. Economist being less so but still to some extent. Perfect competition is a fairy tale idea. Over time I have realized that ambiguity a out what is skill and productivity in a profession is a great way to mask cartelization a d lack of competition in a profession.

1 month ago # QUOTE 3 Volod 4 Vlad !
Economist
25f2

A cartel is when you try to limit competition (supply). That's the entire point of the thread. OP is claiming that SWEs dont have a cartel going like other professions that can use certifications, degrees, etc to limit the supply of people who are qualified to practice a certain profession. Then these re.ta.hded coders keep saying like "oh yeah, you dont need a degree to work as a coder, just need to pass the intervew." lol. they dont understand anything. The interview process is controlled by the demand side not supply side. So it is not the same thing at all.

Credentials/degrees shouldn't really matter. Ability/experience should.

Unfortunately most professions behave like cartels. Be it doctors or accountants or economist. Economist being less so but still to some extent. Perfect competition is a fairy tale idea. Over time I have realized that ambiguity a out what is skill and productivity in a profession is a great way to mask cartelization a d lack of competition in a profession.

Actually the entire point of this thread is to discuss the likelihood of tech layoffs, not to split hairs over the technicalities of "barriers to entry". And yet here you are, more than seven pages worth of useless drivel. Let's get back on topic.

1 month ago # QUOTE 3 Volod 1 Vlad !
Economist
cda9

No actual discussion about layoffs?

Well, Robinhood laid off 9% of its FTEs. (I read the number was much higher when you factor in the contractors, approx. 31%)

All things considered, this is not bad given how many people they hired from 2019-2021. (700 --> 3800)

Exponential growth is unsustainable. This is why slower companies may not be a bad option (F500, non-tech.)

1 month ago # QUOTE 1 Volod 0 Vlad !
Economist
21f5

also leetcoders even if you don't get laid off, enjoy your 50% wage cut from last year.

1 month ago # QUOTE 2 Volod 2 Vlad !
Economist
60bf

also leetcoders even if you don't get laid off, enjoy your 50% wage cut from last year.

still more than you make. if we get laid off, we find another job. you get denied tenure, you're done.

1 month ago # QUOTE 1 Volod 1 Vlad !
Economist
5547

also leetcoders even if you don't get laid off, enjoy your 50% wage cut from last year.

still more than you make. if we get laid off, we find another job. you get denied tenure, you're done.

True. The jealousy is so obvious

1 month ago # QUOTE 0 Volod 1 Vlad !
Economist
838d

also leetcoders even if you don't get laid off, enjoy your 50% wage cut from last year.

still more than you make. if we get laid off, we find another job. you get denied tenure, you're done.

True. The jealousy is so obvious

The cope on this site is unreal. Imagine trying to defend 6 years of poverty, followed by another 6 years of flicking tvrds around with other eunuchs as an optimal path in life. By then your youth is lost. The only good reason for a PhD is for zhangs/pajeets to escape the third world, in which case you were already faecked from the get go. That's it.

1 month ago # QUOTE 1 Volod 0 Vlad !
Economist
f60c

Imagine working at Peleton

The cope on this site is unreal. Imagine trying to defend 6 years of poverty, followed by another 6 years of flicking tvrds around with other eunuchs as an optimal path in life. By then your youth is lost. The only good reason for a PhD is for zhangs/pajeets to escape the third world, in which case you were already faecked from the get go. That's it.

1 month ago # QUOTE 0 Volod 0 Vlad !

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Tech layoffs will expose the downside of careers with limited barriers to entry

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