Things move in a sinusoidal cycle because of this. Oversupply is overcorrected, leading to an undersupply, which is overcorrected, leading to an oversupply.
Medical doctors are well oversupplied where I live. COVID hit them particularly hard and they were "drafted". A 35 year old doctor might be paid around the same as a 28 year old programmer.
Back when I graduated, software salaries were terrible, barely above minimum wage. Most quit, became teachers, bakers, fashion designers, etc. I quit to start a cafe, somehow got pulled back into software to raise funds to start a coffee franchise, and simply outlasted the other native Android developers.
Whatever seems oversupplied today will be undersupplied in 5-10 years, especially as advice as "don't do a degree" goes around.
I mean, it is probably country dependent. In my country in Europe a medical doctor right out of the university makes around the same as a senior software developer and the difference only gets bigger with time.
Comments
Things move in a sinusoidal cycle because of this. Oversupply is overcorrected, leading to an undersupply, which is overcorrected, leading to an oversupply.
Medical doctors are well oversupplied where I live. COVID hit them particularly hard and they were "drafted". A 35 year old doctor might be paid around the same as a 28 year old programmer.
Back when I graduated, software salaries were terrible, barely above minimum wage. Most quit, became teachers, bakers, fashion designers, etc. I quit to start a cafe, somehow got pulled back into software to raise funds to start a coffee franchise, and simply outlasted the other native Android developers.
Whatever seems oversupplied today will be undersupplied in 5-10 years, especially as advice as "don't do a degree" goes around.
I mean, it is probably country dependent. In my country in Europe a medical doctor right out of the university makes around the same as a senior software developer and the difference only gets bigger with time.