Do you agree?
The storm is not AI.
It's the uncountable number of fresh graduates standing behind you to do the same job.
But due to AI and online resources the gap between you and them is very small.
And companies have realised that they can always cull the herd and still an infinite number of near qualified people are ready to step in.
And it will slowly spiral to the bottom.
Gems_Bond
Stealth
8 months ago
Bengaluru real-estate if this happens 📉
Go to this person’s twitter feed, read their other tweets, and then decide how much you wanna value their opinion (I don’t know what you’ll see but it is better not to give in to random screenshots and panic).
FreshMeans5
Stealth
8 months ago
đź’Ż
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DesignTinker
Stealth
8 months ago
We need to create unions for the IT and tech sector in India. It’s worked in some EU countries.
satoshi_nakamoto
Stealth
8 months ago
Why bad idea?
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And I still find it hard to hire good senior engineers. Too many people but less good people.
How much are you offering? For context i have 3.5yoe. and earn ~50, if i were a senior good engineer anything less than 70-80lpa would be insult.
Demon
Stealth
8 months ago
It's the same problem this Twitter account is highlighting. The high earners do almost no work and thus have less or no experience. This has distorted job market beyond any sense. Problem is not good people making good money, problem is having an easy way out by being "experienced" and taking the position that should have gone to a good talent. Good talent thus sees few open positions and people hiring at good salaries see few good employees.
Even if you spending 50 Lakhs+ in India, 9 out of 10 CVs you will get are posers who can hardly make a difference. In the US, a person making equivalent ( say 250 k), is a unit and can build and ship while taking responsibility.
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Indusplateau
Stealth
8 months ago
Even chamath mention the era of a
Saas is nearing an end.
Indusplateau
Stealth
8 months ago
Bhai he plays in billions so he has higher signals than we have. But add a probability that there will be downward pressure of multiple Saas firms
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Demon
Stealth
8 months ago
Have you seen earnings of IT companies this quarter? This guy is a charlatan, but it's also true that all is not well.
I am not denying that but it’s a clickbait tweet. What kind of storm? How was IT pay high from 25-30 years? Anyway, present is definitely bad. Let’s see for future
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NeatFrame72
Stealth
8 months ago
If companies do not nurture talent -> they will become less lucrative over time -> people will stop looking to enter that career path as it is no more financially feasible -> companies will find hard to grow coz of dearth of talent. AI can't do everything
You know it. I know it. We all know it. But they will never know it. Even if they did, they'll never be able to understand it. And will realise it when the train has passed the station.
It's still hard to find strongly technical and competent engineers at mid/senior levels. AI will not strongly solve engineering tasks like systems-level design or evaluating core software decisions.
At best, we will have a plethora of junior software engineers who will be able to write code (leetcode junkies) but have no clue how to think about larger systems or have an opinion on design decisions and are only suitable for following other technical thought leaders at their respective companies.
Competence will always win. The pyramid for quality engineers is just getting broader at the base and narrower at the top.
Just one question to all the tech folks here when was it ever minimal work for high pay? Am i missing out on something?
High pay for minimal work? India? IT in india? Majority of IT companies in India are sweat shops
PrizeFighter
Stealth
8 months ago
Im never agreeing until TCS, infosys and other WITCH companies offer more than 5lpa to freshers from tier 3. I have seen an mnc offering 3.83lpa for a tier 3 student and 11lpa for the same role to an NIT student.
PolarBear
Stealth
8 months ago
Varun ko developers se pata nahi kya badhaas hai pata nahi. Hamesha leta rehta hai.
satoshi_nakamoto
Stealth
8 months ago
Who is this? He is exaggerating. Also I don’t know who is getting highly paid for minimal work🤔
I do agree! Most of the Indian techies are way over paid.
The difference between a 3 Yoe from Tier 2/3 and 3 Yoe from Tier 1 is crazy to say at least while the difference in output isn't crazily different.
All storms are big, until another storm comes in. 99 was a y2k, 2009 something, 2020/21 bio storm. Until there are mad guys who alone wants to make money by sacrificing human race. These storms are nothing for them.
4me2
Stealth
8 months ago
You can't replace practical exposure to solving problems.. No one will hire u to write code..( AI can do that) They are looking for how you have solved the problem with balancing the business ask.
This skills you have to learn.. You can't learn it by attending the courses.. Have a mentor. Spent money & energy on that..
Bhai grapevines pey ata hu to negative negative sunne milta hey band kr deta hu ye app
Saw this post yesterday on Twitter, checked the replies and noticed that he didn't have any reasoning to back it, he just dropped a spicy statement for buzz and engagement.
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