A ‘demoralizing' trend has computer science grads out of work — even minimum wage jobs. Are 6-figure tech careers over?
Submitted 14 hours ago by chobeat@lemmy.ml to technology@lemmy.zip
https://www.yahoo.com/news/articles/demoralizing-trend-computer-science-grads-103000049.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cucmVkZGl0LmNvbS8&guce_referrer_sig=AQAAAAweR-d7iUxUwwbZCHFKWeW5Z6Oy5yOlMj19X_QhxzWlmc7r1Jqcw1QS4MnvYcg8i1_V5dLKewaCW_7iqVUN_LyVlPYI4XGHTu_R8g3PrN8u1rGEjKJU1CvEmi8fTDdOHjZNU8iZYsxJOghrvAqPAkcA_FMC5f-QSLqPIe0YCeeC
TomMasz@lemmy.world 14 hours ago
I teach Software Engineering, working mostly with first-year students but also coaching the senior capstone project. This year was the first time that not all of my seniors had a job before they graduated. One got hired just two weeks ago. Unsurprisingly, incoming numbers are way down. It’s likely that at least some of those were attracted to the money aspect, but it’s still a disturbing trend after years of steady growth in numbers.
favoredponcho@lemmy.zip 12 hours ago
Part of this is related to how the 2017 tax law changed how companies can write off the costs of software development. Those rules didn’t kick in until 2022, which is when things started to get messy for the tech industry.
cooley.com/…/2023-09-25-irs-publishes-guidance-on…
As I understand it, the rule reverted in the most recent tax bill this year. Of course, that will take some time to kick in. We are also in a recession, which no one is acknowledging yet. So, may take some time to recover.
87Six@lemmy.zip 5 hours ago
To be honest, some people that studied CS alongside me had no place in front of an IDE… Some barely had the thought process necessary to look things up critically and not just trusting the first result every time.
87Six@lemmy.zip 5 hours ago
I also have a friend that traches CS and he’s been saying that the quality of students is terrible nowadays. And he’s not old, he’s under 30.