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.
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).
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.
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.