And maybe the others should reconsider whether IT/tech is the automatic meal ticket they thought it was. Not sure that's the worst outcome. Honestly, there are probably still a lot of jobs floating around--just a lot fewer at the highest paying and sexiest companies--and some of the jobs may be in trades and other professions.
Except that's not the outcome, or how it happens in practice.
When merit is no longer an important metric, the competent leave first because they are no longer rewarded for their productive capacity, or effort. The people who thought t was an automatic meal ticket burn the house down for everyone.
The current offers going out for IT Architect work, decade+ direct experience is 40k/yr, no equity. No conversion rate on applications that isn't 1000:1 phone call.
For 40k/yr, you can go and flip burgers and not have to deal with the high stress involved in these type of positions. It would be a joke, if only it were not serious, and things will only get worse.
The creeping ruin has a way of coming at you sideways without you knowing until its too late.
And maybe the others should reconsider whether IT/tech is the automatic meal ticket they thought it was. Not sure that's the worst outcome. Honestly, there are probably still a lot of jobs floating around--just a lot fewer at the highest paying and sexiest companies--and some of the jobs may be in trades and other professions.