Concerns about Tech....Thoughts?
After reading articles about the Tech Industry, I noticed that many tech professionals are concerned about the job market.
Some describe the market as "in a rough place" or "slowing down" due to layoffs from major companies. At the same time, the BLS says that computer and information jobs are expected to grow between 15% and 21%.
I'm not sure how to feel about this. Hearing it's growing yet bad confuses me.
Does anyone have any thoughts about this?
Ultimately, what should people pursuing careers in technology keep in mind? Should they stay or go into something else?
13 answers
Aaron’s Answer
It sounds ironic to say that the tech professionals that are concerned are the tech professionals that are not keeping up to date with the new tech. Professional video editors are losing business to hobbyists using free website editors like canva now. You don't need a fancy editor to get a fancy video or at least a video that is social media worthy anymore. You don't need a custom website developer to make a semi-custom website for your business anymore...Where there is a problem...someone creates a solution. It's important in tech to make sure your job doesn't solely exist because of a problem. Someone will find a solution for your job eventually and then you will be out of a job. This doesn't mean it's wrong to make some money doing things that almost anyone could do. People pay you for the time they don't have half the time and not actual skill because they don't have the time to do it themselves. However, remember, that eventually, you have to accept a software might come out to replace you and you need to adapt or perhaps be the person who created the software to replace yourself.
Here's a couple more thoughts:
1) Staying at the forefront of technology. It's important to learn new things so you don't get outsourced/replaced to new technology. I'm learning all about AI video editors now and AI voice training. I didn't know much about this last month but I have a client that's interest and you just nod your head yes, learn it, do it, and win that paycheck. Eventually lots of videos that are educational really will be AI but someone needs to know how to run the AI so I'm learning and this way I can say...I create AI curriculums, etc, etc, etc
2) Don't get greedy...it blinds you. All the big tech companies are laying off all the developers they were paying 200k a year to over these last few months and at this very moment because the developers created solutions that replaced themselves and the big companies realized they can get kids straight out of college to just maintain the same stuff and keep building on those solutions for 60-90k each.
3) Be versatile. On that last note of web developers getting laid off...many people thought they had found the dream of 200k a year...this leads people to become less versatile, less willing to learn new things, less willing to move or make changes in their career. It's a rude awakening to realize you can't do the exact same thing in your computer programming for the next 20 years. Don't just be a web developer for example...be a content creator too, be a semi good video editor, and have a blog. Don't just be an electrical engineer...be a hobbyist toy maker, etc.
4) Being the historian: The truth is...so many people get caught up with knowing what's new...they forget how any of this even works...there is a growing need of younger folk learning what the backbone of our internet, computer networks, and infrastructure actually is. We can do all these amazing things like AI and blockchain...as long as we have the internet. Take the internet away and we're pretty much a useless civilization. So...lots of the people that built the internet and all this infrastructure that lets us all work from home remotely are retiring and (I hate to say) passing way. What happens if no one remember how all this stuff was built? There is a niche in going this path and learning about the very basic of how everything runs, etc.
Amy’s Answer
Erik’s Answer
1) COVID. Technology companies over hired to fill the tech demands of everyone suddenly working remotely. To adapt, businesses had to restructure their IT infrastructure and bring in new tools for collaboration and productivity of remote workers. So, technology vendors went on a hiring spree to handle the influx of projects. This overhiring (think Microsoft, Cisco, Accenture, Google, Amazon down to much smaller companies) correction was inevitable as businesses returned to normal, post pandemic.
2) Weak Economy. The US economy is not strong. All industries are being impacted. When business cut spending, it often starts with IT projects that are non-essential. What this means is, some IT vendors will have their projects cut or delayed, while other won't. However, as the economy rebounds, so will the spending.
All industries have ups ans downs. However, the tech industry always has jobs available because there are hundreds of companies "creating" solutions to solve tomorrow's problems.
Jason’s Answer
First I applaud you for paying attention to current events and doing some research! great skills to having when looking into tech as a career. The first thing I’ll address is the job market. when it comes to job markets and well markets in general they move in what are called business cycles. Sometimes they’re great and others they’re not so great. there are various reasons for this but as of right now most of it is caused by companies evaluating what is most important (turning profits) and eliminating those business units that are costing the company more than they’re making. Unfortunately that hurts the job market. However that presents the opportunity for the company to develop plans for new ventures and hire more people in the future. This is that 15-21% increase you mentioned. it might not happen overnight but it comes in due time.
I’ve been in the industry 8 years it’s a rewarding and fulfilling. If tech is of interest to you i say go for it it’s one of the best and fastest growing industries despite the current moment in time and looks to be that way for years to come. The biggest thing to keep in mind in any job is to bet on yourself and continue to grow your skillset. While some companies are laying off others are hiring those same people.
Kate’s Answer
Blakely A.’s Answer
Lise-Ann’s Answer
Dino’s Answer
First of all, I want to congratulate you on being so forward-thinking and proactive in researching the future of technology programs – that's an excellent quality to have! It's inspiring to see someone like you who's passionate about their education and career goals.
Now, about twenty years ago, IT, computer science, and computer engineering gained immense popularity among students who excelled in mathematics. They all aspired to be part of the IT revolution. It's true that some big tech companies have faced closure, teaching us that nothing is permanent in this world. But remember that change also breeds innovation and growth.
Technology holds the power to make our world function more efficiently, and it is unlikely to be replaced anytime soon. The fact that you're considering your future and questioning the long-term stability of a career in IT shows that you have the foresight needed to stay ahead in this ever-evolving field.
Rest assured that universities and colleges are aware of the changing dynamics within the IT landscape. They'll adapt their programs to meet the challenges that arise and ensure the future success of their students, like yourself. So, while uncertainty may be a constant, you can definitely trust in your abilities to adapt, grow, and excel in your chosen field.
Lastly, it's always a wise move to keep a Plan B in mind, as it'll ensure that you'll stay resilient and open to new opportunities in these fast-paced times. Keep holding onto that forward-thinking attitude, Tiana – it will carry you far in your career!
Best of luck and remember, you're on the right track!
Dennis’s Answer
" The only thing constant is change." I may have heard that sometime or other. Over 100 years ago, people relied on horses to get work done or to travel. Now we rely on gasoline-fueled vehicles, but the next new thing looks like battery-electric powered vehicles, or maybe some vehicles will be Hydrogen-fueled.. But, something better may be waiting in the wings. Before 1950, most radios and TV (tv, sort of got started just after WWII), used vacuum tubes. Today, all of our electronic devices use "chips" which have "Solid-state" switching devices in them. That change from Vacuum tube to "transistor" occurred over about 20 years. What did all of the vacuum tube workers do? Diesel engines replaced steam engines on railroads in about the same time-frame. Where did all of the steam engine workers go? Before 1980, we didn't have personal computers or cell phones. What technology died out because of cell phones and PCs? What's next? That's up to you and your peers.
What hasn't changed? The basic physical laws that explain how things in this Universe work. So, getting an education in the technology area is good, if it allows you to grow and adapt and contribute to the next new thing. Whatever you decide to study should allow you to adapt to new ideas, new methods, new materials. That's how technology changes. And, to continue to be useful and employed, you need to be able to adapt and change as well.
When I was a high-school student, I saw the beginning of the Space Race between USA and USSR (now, Russia). It was not clear to me, then, that I would become an engineer (or, even, what kind of engineer), but I knew that I enjoyed science and math. I was fortunate to get a very good technical education that served me well during my career. Technology did not by-pass me. I did not work in the aerospace or electronics industry, but I could have. If I were a student today, I think that pursuing a technical degree would still be a good choice if I had the interest in that area and I would not worry about losing a job because the technology changed. I would be more concerned if I knew that my technical skills could not be adapted to a different job or technology.
I hope that helps answer your questions, Tianna. And Good Fortune to you!
Lauren’s Answer
To make the most out of it, focus on these key points:
1) Enhance your relevant skills: Continuously learn and refine your expertise as a Data Scientist. Never stop working on projects or sharpening your skills. Numerous courses on Udemy and Coursera are available, and you can practice on Fiverr, Kaggle, or by offering freelance services on social media.
2) Embrace the ups and downs: Some companies may be laying off tech workers, while others are hiring. This alternating pattern will always be there, so stay optimistic and pay attention to your personal growth and development. Rest assured, there are countless tech roles waiting for you out there!
3) Record your experiences and observations: Jot down your thoughts and the market fluctuations, as you might notice patterns over time. This insight could prove valuable when the tide eventually turns in your favor.
As someone who started their career amid a challenging period, I'd like to emphasize: Focus on yourself and keep developing your skills! Have faith in your abilities and remember that you can succeed even when others say you can't! Keep believing in yourself, Tianna, and amazing things lie ahead for you!
david’s Answer
I agree that there are contradictory opinions, but that will always be true. On the flip side, if everyone was saying that tech jobs are exploding everywhere with thousands of job openings, you would find that the truth was somewhat less. As it stands, STEM careers are the best bet you have. There will be ups and owns throughout your life, but learning a career of important skills will always carry you. Our future is dependent on technology, so do stay the course. Good question, though. All the best to you.
Mrinalini’s Answer
Given your remarkable awareness and maturity, you're definitely equipped to make the best choice for yourself depending on your priorities and concerns.
On the other hand, the tech world is a dynamic and exciting space to be in! You'll constantly be on your toes, working hard, upgrading your skills, and embracing healthy competition that keeps you engaged and growing. With this mindset, you'll never find yourself stagnant, always looking towards the future and considering what more you can achieve.
Based on your insightful thought process at this age, I truly believe you'll be a valuable asset to any organization you join. Keep up the great work and continue to stay proactive about your career choices. Chase your aspirations and flourish in all that you do. I wish you all the very best on your journey ahead!
Brent’s Answer
This is a really great question - it can be hard sometimes to separate facts from opinion. The facts are that there are a LOT of jobs in technology, it's a huge field with many different outlets to work in. There are also a lot of people in the industry, and so there will be competition. A few things to remember as you look at any industry -
- Focus on roles and career paths that "fill your buckets". They make you happy, you want to go do every day. You will be most successful when you enjoy what you do (You can't enjoy it if you aren't good at)
- Stay current, stay fresh. Technology changes rapidly. Make sure you are either the best at something hard to do, or very good at something there is lots of interest in hiring for. For example, Generative AI is very hot right now. if you understand it, can program to it, can sell it, can position it, you will find work.
- Network network network - people hire people. Most of your jobs will come from people you know, who know you, and respect what you can do. Don't forget that it's not just about being good at your job, but who knows your good at your job and can help you succeed.
- Most companies are a business, they hire and fire based on their business. Make sure you understand who you work for, what makes them successful, and recognize the signs that they may not be and get in front of it.
I know it can be scary looking down a path, but technology is a great path with many opportunities, and that makes it a wonderful road to walk on. All industries have their ups and downs, they all go through hiring booms and firing valleys. Pick something you enjoy that has opportunity (there are only so many jobs in the world for very unique skills) and you will ride through the ups and downs.
Good luck!