[quote=deadzone]Okay so we’ll see about the remote work/back to work debate as the year progresses. Just pointing out that a lot of big, important tech companies are calling their folks back to work. And that is most definitely not a positive for SD RE market.
Bigger issue I see is if the magnitude of this tech stock crash reaches .com crash level or worse, and the Fed stops printing money to support the corporate bond market as they did before, there will simply be a lot fewer jobs in the industry.
And let’s face it, if hiring 100% remote is fully normalized, why would I hire a San Diego engineer at 200K when I can get the same productivity out of an Indian engineer for 50K or less?[/quote]
Again you aren’t in the tech industry so clearly you don’t understand. I have 4 teams. 1 main engineering team 3 outsourced providers. Your idea of paying someone $50k to get good work these days is way off. our cheapest contracting firm overseas is running around $90k, and there are a boatload of reasons why you can’t count on them to do research and things that aren’t fully speced out. As I mentioned before , part of dollars spent on US employees is so they can accommodate loosey goosey requirements and don’t have 15+hr timezone difference. That might seem to cost more in front, but if you consider how much time is spent going back and forth and redoing stuff, it ends up being in the worst case scenario roughly the same cost. There had ways been the opportunity to use contract firms from overseas well before the pandemic….but unless you setup a shop there and make them your own employee they won’t have a vested interest in building something you want like your full-time hire will. This was even before then pandemic. If your assertions we’re correct, there would be no engineers hired in the US over the past years because the pandemic didn’t bring on the ability to hire foreign contract workers. That option was already there….200k isn’t San Diego wages. It’s what you pay a where in the US for top talent.
Again, lots of people who aren’t engineers, who haven’t built anything, haven’t had any leadership or management team, sure like to think they know what they are doing and yet that couldnt be further from the truth. Reading news articles doesn’t make one an expert in how tech companies run or how to acquire (and more importantly) retain good talent. There’s a false belief people that don’t know that good engineers could easily be replaced by another. While this might be the case for like min wage burger flipping jobs (which in today’s labor market I would challenge that assertion too), things clearly aren’t that way in tech. You have a bunch of posers that apply to these tech jobs but they aren’t real and won’t get hired.
If I get a resume from who says.theu are.an experienced mobile “engineer” who’s only relevant experience is taking classes at “Full Sail University”, it’s going into the trashcan
