Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Here's some backup to that claim [1], though, offshoring is only part of it.

In reality, it's likely several factors:

- Offshoring/outsourcing

- Businesses running out of ZIRP cash/returns

- Software replacing a lot of "paper" jobs (AI being a sliver of this)

- Older people needing and not vacating jobs like past generations

- Higher CoL expenses meaning lower-paying jobs that would/could be occupied by a recent graduate aren't.

- General market sentiment being cautious/conservative due to the whiplash of the last 17 years.

As with most things, it's not one convenient scapegoat, it's many problems compounding into one big clusterf*ck.

[1] https://archive.ph/8Zda3



Add to that section 174 of the tax code. This directly impacts software companies and profitability.




Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: