Not an IT breh so someone fill me in, is AI fukking up the IT job market?
Or is AI still too embryonic to have that impact yet?
It’s more so tied to venture capital.
Money is expensive to loan out because of the high interest rates set by the FED.
The market in general is cleaning up a lot companies that are unprofitable.
What this is doing forcing a competition for jobs at the moment. Once more new companies are able to get easier funding. People will be able to come and go more freely. That’s why at this moment during this game of musical chairs in the labor market people just need to stay afloat and stay grounded. No risky moves.
The FED is literally trying crush economy to slow down spending / inflation.