Tech’s allure may be dimming, according to new data from LinkedIn’s Economic Graph. The industry’s appeal as a career destination declined in the fourth quarter from a year earlier in consumer services (-40.1%), administrative and support services (-39.4%), government administration (-35.2%), manufacturing (-31.1%) and retail (-30.8%). Across the board, employees in these industries are less likely to be leaving for tech jobs.
https://www.linkedin.com/news/story/techs-luster-is-fading-6131866/
I don't know about the rest of Tech, but as a software developer I can see reasons to stay away from it. In fact, as soon as my daughter showed some interest in that discipline around age of ten, I did my best to explain her why it would be a terrible choice. She dropped the idea thankfully.
If you live in a third world country, it can be a good choice, because you can earn much more money than others that work in some other profession. I lived in one such country before moving to EU. However, if yo live in developed country, not only that your salary is not that much bigger than the median, but your job is in constant danger of being outsourced to cheaper countries as well.
That is one reason that majority in developed countries can agree about. There are many other reasons why one wouldn't want to go this profession, but I guess not everyone would agree about those.
It was good choice a few decades ago, now not really.
Tech went bad when they started importing huge numbers of people to work cheap and who would take a lot of abuse (and they do).
For the last 15-20 years I’ve told people to stay away from tech. It’s a horrible industry to be in, although when I started, it was one of the best. And it gets more brutal every year.
The only industry to be in as a young person these days is power generation and electricity transmission. Even nuclear is going to take off.
IT has worked ok for me and given me a reasonable salary for many years, as indeed it has for many of us. I’m at the back end of my career now though and if I were younger I’d rather do a proper job like medicine, law, construction or possibly auto maybe. Most of IT is complete BS and innovation for the sake of it and can be very stressful. TBH I don’t know how the industry has managed to get away with it for so long.
Highly funded startup >>> Publicly Traded Corporation
Even highly funded startups fail if they don't have good leadership. I worked at a startup where the VC's decided to sell off the majority of the company that was so successful that made the business worth taking public and then tried to take the "tech" part of the business and turn it into a Business-to-Business service provider, but couldn't develop a B2B service product to sell. They burned through all the IPO cash and the cash from selling off the profitable parts of the company and bankrupted it. My IPO shares were underwater by 75% before the first year's worth even vested. Then the company got kicked off the NASDAQ before the 2nd year's worth could vest.
owning your own business is the best path.
it can be a sub shop or a plumbing business
Big Tech's allure faded years ago. As Cisco employees, we could see how acquired startups treated their employees. The acquired employees left quickly after being exposed to dysfunctional Cisco culture.
Highly funded startup >>> Publicly Traded Corporation
For sure!! Its best to stay away, its all bad. Could very well be the worst choice in careers.