SoylentNews is people
SoylentNews
When tech giants like Amazon expand, other companies don't just worry about losing business. They also fret about hanging on to their employees.
Some of the industries that have defined New York City and the Washington, D.C., area will face increased competition for talent when Amazon sets up shop in their territory, with plans to hire 50,000 new workers amid the tightest job market in decades.
The expansion comes at time of fierce demand for computer programmers, mobile app developers, data scientists and cybersecurity experts. Salaries keep rising as companies from banks to retailers seek new technology professionals to expand their online presence and automate operations. Particularly in demand are software developers, with many switching jobs each year. Even some banks have eased up on their dress codes to project a hipper image.
Good news, ye techies working on Wall Street! Soon you might be able to wear jeans and t-shirts to work.
(Score: 0) by Anonymous Coward on Tuesday November 20 2018, @08:16PM (5 children)
We are overdue for an economic correction. Just wait for a recession, then you'll get plenty of applicants.
(Score: 2, Interesting) by Anonymous Coward on Tuesday November 20 2018, @08:33PM (2 children)
You don't know the DC tech job market very well, I see. Even during an economic downturn, the tech jobs are in such a demand in DC that companies and recruiters are practically clawing at each other. I don't need to apply for a job if I want to switch. I just say I'm open to opportunities on LinkedIn and the recruiters flock to me. Got to test this out a few months ago. Left a job, enabled the LinkedIn "I'm looking" switch, had 3 recruiters call me within 4 hours. Within a week I had 6 recruiters giving my resume to a dozen companies. I had a job in less than a month /above/ my asking price. That price was already above average for someone in my field and about 30% above what is the national average for my "experience" level.
(Score: 0) by Anonymous Coward on Wednesday November 21 2018, @12:22AM (1 child)
I was in CA during the first dot-com crash, and the market was flooded in CA. I had to temporarily work out of state. There was also a mini-IT-bust roughly around 1990 because aerospace firms were doing mass layoffs due to "glasnost", throwing a lot of IT staff into the market. (The movie "Falling Down" is allegedly influenced by the 1990-ish recession/Glasnost.)
Past patterns are no guarantee of future patterns in either direction.
(Score: 0) by Anonymous Coward on Wednesday November 21 2018, @01:26PM
Agreed. The only way the DC tech market can be put in danger is if there is a tech crash. If there is a tech crash, the economy is fucked. It won't be about tech at that point. It will be at least '08 again.
I agree about the past patterns part. One must not fall into a gambler's fallacy. However, one can be certain that tech is relatively secure in regards to demand for skilled workers. A slight recession will decrease the demand somewhat but there will still be the demand and not that much supply. A major recession or crash is the only way to flip the balance. In that case, it's the whole economy that suffers, not just tech.
(Score: 2) by suburbanitemediocrity on Tuesday November 20 2018, @08:40PM (1 child)
Maybe they could hire all of the homeless people in CA and buy them a train ticket for moving expenses.
(Score: 0) by Anonymous Coward on Tuesday November 20 2018, @11:42PM
Where do you think the rest of the country has been sending them to?