What To Expect In The Job Market In 2024!
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- เผยแพร่เมื่อ 23 ก.ค. 2024
- What To Expect In the Job Market In 2024. Looking for a new job in 2024? Here's what I expect to see happen for those who are looking for job search advice and tips to take advantage and make 2024 the best year possible!
0:00 - intro
0:48 - hiring forecast
2:50 - layoffs forecast
3:50 - Contract vs full-time roles
5:05 - raises
6:50 - remote work
8:24 - loyalty
9:52 - aging workplace
10:29 - A.I.
11;49 - Land your next job fast
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Don't work for a company that wants you to pay for its building
Can you do a video that expands on the topic of the aging workforce?
Have you heard about the unemployment applications surging recently? It's becoming a real concern.
Yes, it's alarming. Many people are struggling to find work. I hope there's a solution soon. Provide financial planning services to help individuals manage their finances during unemployment and plan for the future.
I completely agree; I am 60 years old, recently retired, and have approximately $1,150,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
@@ThomasChai05My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
'Gertrude Margaret Quinto' maintains an online presence. Just make a simple search for her name online.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I am the most educated I've ever been and have the most experience I've ever had, yet this is the most difficult job search I have ever had. Getting a job was easier before I even graduated high school.
Hang in there, talk to God about it and watch him work
At the same salary level?
Agree it’s crazy
@@ChrisP-in8qr
People need real life opportunities not silly religious mythology. 😶
Unfortunately the older more experience and educated you are the worse things will be in this debt driven monstrosity of an economic system we have.
Yes, we have all been lied to in this upside down world 🌎. 😳
Expect condescending, snotty interviews. Expect job descriptions that are nowhere near what the real job is. Expect salaries and contractor rates rolled back to 2008 . Expect free work demanded on the 5-8 interviews before you realize you won't be hired. Expect ghosting as the NORM, from the interview invitation that's never set up after you've responded promptly, to the non-appearance on the call or meeting, to non response to emails and calls, never hearing whether you're proceeding or getting an offer. Oh, and expect getting an offer, getting onboarded, and then let go because the quarterlies stank.
So true, unfortunately.
I'm going through this right now. It's an internal transfer at my company. Hiring manager has been telling me to apply when it opens, for the past 8 months. I applied December 1. I interviewed December 14. So far they have just told me they are still interviewing people. I think they are an EO employer so they have to interview everyone that applied. Now hiring manager told me that it could be a few more months because the upper management is not sure if they want to retain the position. Hiring manager said he wanted the position filled in November, and can't have less than six people down there. So position is in limbo. I have no other offers. I feel trapped tbh. These companies don't care.
Oh babyyyy, but when the tables turn, these employers will be SORRY! Lol
I just had an interview that the job description was nowhere near the job expectations they want you to travel plus do your job no remote in office only. The salary was low wanted a masters job only requires an associate degree.
Ghosting has been the NORM, since 2020, when Covid-19 came about up until now, in 2024!! Agree with everything you said!!
I was laid off and I hadn’t expected it due backing from director. I am at the point of applying for applying for jobs I don’t want making less than I need. My layoff started sept first and I can live ok for 4 more months but I don’t want to wait until I am desperate. Good luck everyone!!! We can do this❤
Same here Was laid off Sep 2023. Still hanging. Savings depleting. 51 now. Not expecting to make it back on my own accord. Just upskilling most of the time nowadays.
I was let go in November, can't get unemployment family helping out, ugh! No bites at all.
@@kathygaber3801 I am so sorry!! Luckily my company gave us packages and also let us draw unemployment plus I am only paying $55/month for cobra. I was going to move because I knew my apt was going to go up and was already too high but I got the renewal that went up $200 the day after I found out my director couldn’t save me. Kind of hard to get an apt with no employer 🤦🏻♀️. I would be on the streets if it wasn’t for the co help. I wish there were better news out here. I am down to looking at customer service jobs that I hate doing. I loved my job 🥺. I also only have to support myself and 2 very spoiled cats. Do you have any kids? I hope that you job comes around the corner very soon!!!! If you need to talk to someone who is on the titanic with you, I will be here. I think we all need to help each other through this!! Sending ♥️ and great job vibes!
@@pinoyheartbeat7245 I am on the other side of of the 50s hill so I understand!! I hate to see all of you nice people dealing with this!! The ride can stop now. We are all ready to get off!
At least you bitches got laid off, i got fired.
Have a healthy dose of stoicism. Do everything you can. Don’t stress too hard on what you can’t control. Just because the trends are negative doesn’t mean you won’t get a job. But it will likely take more effort and take longer than expected.
do your buddhist meditation everyday and your stress will go away + mind will be clear and focused.
Well...... The companies have broken the trust and loyalty. So loyalty is only goes a far as you're willing to pay me.
AMEN!! FACTS!!
Absolutely right
What loyalty? 😂😂
I route out people like you on job interviews. I don’t want people working for me who have this “that’s above my job description” mentality. It’s the reason why I’ve gotten promoted year after year consistently for 5 years, because I’m the guy they send to clean house and solve problems
Is loyalty dead from companies? Perhaps. But is hard work recognized and reward, you bet your bottom dollar… especially when the competition is sub-par people who have the above mentioned poor mindset
It seems pretty clear that the shareholders want to run their organizations as minimally staffed as possible, and only after making people jump through 500 hoops, because the next quarterly earnings call is always in sight, and those EPS have to keep going up, at all costs.
Eventually there will probably be another pendulum swing back, but it's going to take a lot of pain, and a lot more jobseekers refusing to play ball with the most egregious offenders.
My company lays off the worker bees and hires directors and SVPs. I think the CEO is priming the co to sell, there have been rumors. We went into bankruptcy a few years ago, got a new ceo that was the hired gun to trim the fat. Then we got the current ceo that gave us rainbows and unicorns then cut the cord without a thought. I agree that the tides will eventually turn. The will realize offshoring and AI will not sustain a company!
I did my part
Or fire the least productive/non profitable roles. ?hr?manager? Hire more bottom line employees that make you more profits?
Oh no, lay off the people that actually understand how things work and hire more directors + level people 🤬
Capitalism
The money issue sadly never will be worked out for us bottom 90%ers
Another thing I'm seeing with salaries are job postings that are offering salaries that I got in 2016, but requiring much more in the role. Talk about "shrinkflation"...I'm close to retirement age, but can't. And that's also hurting my chances.
even earlier... early 2000's wages
Ive been applying since March 2023.. its ridiculous. Plus im trying to switch careers, and these "entry level" jobs want people with all the experience already
Brian has a video why we have entry level jobs requiring 10 years experience. There are several reasons but for me the most plausible is that many automated job posting systems do not have a protocol to set experience level at job boards, and the default experience level for new jobs (at Linkedin anyway) seems to be entry level unless the job posting comes through otherwise.
Have you tried applying for unpaid internships? I know it sounds unappealing, but that’s how I got my foot in the door in 2010. I did 4 months of unpaid internship, then the same company hired me at the end of it. So while I hated working for free at that time, it was totally worth it in the end.
@@feezee82 2010 😂😂😂😂
@@Borninit384 well you laugh, but keep in mind that in 2008 there was a financial crash. It was much, much bigger than the current recession. On top of that, I’m from Finland. Around that time the largest tech employer in the country - Nokia started failing and laying off people in spectacular fashion. Unemployment was high. It was really hard to find a job. People look at the past through rose tinted glasses, but there were plenty of periods where the job market was really tough.
I find it weird that normal media keep saying that companies are missing a lot of workers, but the company isn't filling up the positions.
Personally, I think we are heading towards depression 2.0 based on the culmination of events. While I am employed at the moment, that can be subject to change very suddenly and Unemployment will only hold you over for a brief time. It worries me to know that my future could be me as a homeless man in my 50's.
We're already in a depression but due to people, msm, the current Potus and his administration preferring to avoid acknowledging reality.
Honestly if you think you're gonna be homeless, do what you can to invest in a van. You can be homeless and thrive if you plan properly.
And if you do experience that life one day, you might find that the freedom that comes with it liberates you in a way.
Peace.
Ageism is real. Being 60 and in the job market has been the most eye opening experience! I finally got an interview and hired but not as a Director but as an Assistant manager. Obviously making a lot less but feeling so very blessed with the job as I feel like I landed a secure position that I can keep long term. My recommendation is to try to get in with a good company regardless of position and pay especially if you're 50 or over.
@@gigimitzi Congratulations on being hired!👏🎉
At least your foot is the door and you're almost there so hopefully you'll get a Director position soon.🙏
I blame the president
I retired last year (22 years at large hospital network). I was told by a co-worker that the hospital will layoff employees later this year. That same organization has layed off employees every year since 2020 in October, before the holidays. This time their doing it after the holidays! 🙄
They mostly layoff the administrative staff, so they burnout the ones that are left behind. Glad I invested well into my pension plan! These hospitals are greedy and ruthless the way they treat their employees!
Thank you for your work at the hospital. I am always grateful when im there. Also recognizing that hospital staff got so many people the care they needed during covid (of course that didnt happen to deniers).
The layoffs may have been low across all industries, but tech was savaged, as was mortgage to a lesser degree. I lost my job in December of 2022 and it took me until October of 2023 to find a new role (VP-level in tech). I'm in my late 40's and have been working since I was 16 years old. It's never taken me more than 4 weeks to find a job in my life. 2023 was just nuts in the tech sector; if interest rates start coming down again and the VC money starts to flow, it will normalize.
It is super tough in tech right now. I have over 5 years of experience and have been passed up for multiple jobs because someone with more experience applied. Barely any entry/junior level jobs right now. Lots of people in tech are looking for work right now. I've been looking at transitioning into a different role.
Yeah, this tracks with what I have been experiencing. I had the "fortune" of working at a mortgage-focused fintech, lol. It was a bloodbath. Hoping 2024 will be better.
That is the problem. The solution is to let it burn and have a recession hit and deflation everywhere. Companies can then then hire at regular non six fig salaries and houses and cars will be affordable again. You shouldn't have to be an IT director making 175k for a starter home. INsanity!
@@timgibney5590 The prices of homes and cars have nothing to do with people's salaries; it's simple supply and demand. Houses are expensive right now because the inventory is very low and demand is very high; compound that with higher interest rates, and it's pushing some buyers out of the market completely. What has to happen is that the post-pandemic supply chain issues get fixed so the cost of building materials goes down and homebuilders can start building new homes again, increasing supply.
I'm in tech as well and it was brutal las year. I myself was laid off after the company decided to outsource to an MSP. I'm curently looking into cloud and AI services as this is where the industry is heading to like Microsoft 365, Azure, Co-Pilot, etc.
I completed an on line application recently. The job seemed to fit my skills. I got a response within SECONDS saying, "after carefully reviewing your qualifications......." meaning that's how long it took the ATS to figure out my age.
Company I’m working for will be laying off 500 employees I was the first round. I’d rather be the first round in the last round.
Graduated at the end of 2022 from my masters in CompSci but I was switching careers, got some interviews but never made it past the last round. They want experience, experience, experience. I'm trying to get certifications to compete, but money is always the issue. I'm trying to stay hopeful, but it's going to be a rough road I think.
My Nephew just graduated with a B.S. in M.I.S. from UC Berkeley. He is starting his new job at $125k and a $18k signing bonus. So don't give up. He did have a few internships to get experience as I had recommended.
I understand your frustration. I have over 5 years of experience, and I am having a hard time finding something.
Are you diversity ?
They don't want experience, they want certainty. They view you as uncertainty. Give them reasons to be certain about their decision making process in that hiring your services it would be a wise decision.
@@ericinla65
> Berkeley
So.. 125k... is basically the American equivalent of 62k
Does he have flatmates?
I graduated with an electrical engineering degree in May 2023, an allegedly "in demand" field. 7 months later and there's absolutely nobody willing to hire entry level engineers in my area, and it's just getting worse. Remote jobs have 1k+ applicants and I know everyone's ATS systems are just throwing away my resume locally because they think they'd rather hold out for that experienced person desperate enough to take the entry level pay. I don't know anyone to try and network with, and it just feels like game over.
I’m in a similar boat with the ATS. Very demoralizing.
Have you tried your college alumni services? Or tried joining any local organizations, meetup groups, etc that are focused on your field of study? Definitely put effort into networking.
Start a commercial window wash business...
Apply to other locations as well. Your skills may be in demand elsewhere, and a temporary move can seriously slingshot your career.
I'm like you and thought a computer science degree was going to be an easy way into the job market as it was so in demand. I graduated December of 2020 and spent 2 years applying to over a thousand job postings to only end up with 5 interviews. I decided to go for my master's in business intelligence and recently graduated. Needless to say I still have yet to get an interview. You're not the only one.
Two things led to the push for return to work in 2023: (1) Companies were looking to shed workers, and the "return to office" was the tool to do just that. Consider it the garden weeding itself (as the Freakonomics guys mention in one of their books). Unfortunately it worked too well and companies had to dial that back a little bit. I see a much more emphasis on "hybrid" work than a complete return to office today. And (2), the moneyed class realized that all that commercial real estate in their portfolios was going to be worthless if they didn't get butts in chairs in all that square footage. The effects of that are still being calculated.
Very true!!
The corporate turds still want to see asses in chairs inside their overpaid skyrises and to micromanage in the worst ways possible! It just happened to me recently! Left a contract job on December 22 because the turd IT/Tech manager was being very disrespectful, rude, nasty, mean-spirited, spiteful, and a real asshole of a human! He forced 3 other contractors to quit within a 2, 2 1/2 month period, so I reported the employer and him to the California Department of Labor and the EEOC for discrimination, since he doesn't like Black and Hispanic contractors and employees! As a Hardware, Network and Software Engineer, I'm not going to tolerate that type of behaviors and no one should!
Number 2 makes sense but please explain the first one. I always thought employers wanted to steer away from remote work because they pay for the space.
@@nancykerrigan anecdotally, it's been suggested by employees that their employers were using the return to office as a means of having excess employees quit their jobs instead of having to lay them off. An employee who quits won't collect unemployment or receive severance. But it worked too well, and more employees than expected ended up quitting, so some of these same companies had to go out and hire the missing staff.
@@stevenvallarsa1765 And hiring them based on a at-office basis or "low" hybrid. The problem is, the talent pool (especially the new generation) reaaally likes the remote option and in some sectors (like tech), it reaaallly makes more sense. Coupled with the aging workforce mentioned (yeah, you can offload the work to the existing hires but most of the times you'll end up burning them out and bolting for the exit, unlike the 90s and 00s, workplace culture has changed and loyalty / grinding for promotion is almost non-existant).
I'll be applying to plumbing apprenticeships in March! Hopefully all goes well
Mike Rowe (Worst Jobs TV series,) would say since the demise of apprenticeships we're hurting for high paying blue collar professionals . Yep, ya gotta role up your sleeves but it's an honest living.
@@dawnreneegmailapprenticeship pays have nothing to do with high salary blue collar jobs.
wha? @@olympic-ass-eater
The 2023 layoffs appear to be a “designed event” since all companies are doing it in an “orchestrated” way while continuing to post record profits every quarter. Why do companies continue to do “share buybacks” in the BILLIONS of dollars to ARTIFICIALLY inflate stock price and engineer results versus using that MONEY/PROFIT to hire/retain talent that increases the potential to increase revenues and innovation?
Because capitalism encourages cutting corners and short term gains. If these companies were the people they vote as, the would be drug addicts and or gamblers who rob people in their circle for their next fix.
I have noticed the same thing. Big companies are copycats and do the same things as their peers. I think it is largely due to Wall Street expectations. Don’t forget, all publicly traded companies work for shareholders and so ballooning stock prices are the only goal.
Capitalism
@@sanepillow59 still better than socialism
@@jakeb3055 If you say so😂
I started looking for work back in September. I've only had 2 interviews and over 50 rejection emails. I am sure a lot of it is ageism but even 8 years ago when I was out of work, I only was out for 2 months before getting hired at a new role. It's depressing.
Good advice in this video.
Yes agesim is a reality, a polished waiter at 40 was drummed out old ladies wanted a 30 year old to wait on them snd would tip them very well and old waitress would get only 10 %, yes it's he'll to get old unless you have young fit genes for being older!🎉
I'm hoping to grow my IT and Tech Services LLC and work on some independent contracts in IT and Tech this year in 2024! As someone with a BBA in Finance and a BS in CS, I love your analysis on the projected trajectory of the 2024 jobs market and everything that is relevant to the job seeker, current workers, and future jobs prospects, Bryan! Your videos are always highly appreciated by me! Keep up the great work in 2024, Bryan!
Watched your videos all through 2023. Then I got laid off and now the market's passed me completely by. Fun times!
This was a useful video for me. Can you do a full episode on what industries are going to have a lot of openings because of an aging workforce?
My guess jobs such as plumbers or electricians. They are getting quite old and not many people want to do labour now. These guys will make a fortune as a result.
@@waterbottle4782yes, a lot of the trade skilled licensed jobs, including mechanics. A lot of garages are short handed with mechanics and have to pay the remaining ones a fortune to retain them. Also the medical field , with licensed medical professionals, especially RNs, physicians assistants, nurse practitioners, ultrasound and X-ray techs, physicians in internal medicine and other specialties ect
There is a shortage of teachers , a lot has retired during and post Covid. A lot of the younger teachers has left this profession due to low pay and disrespectful kids ect
In China a young 33 year old was told he was too old for the job market they wanted a 24 year old, the gut gave up tells his wife that he is going to work laid off, hangs around in the library with a new generation of college graduates that can't find employment at least hear in America you Cann get a fast food job!
Mechanics, outside claims adjusters, construction. Manual labor since few are willing to do it but the need is high.
Yes, those are the obvious ones. I'm interested in learning more about corporate roles that are aging out in industries like tech, advertising, finance, etc. My background is in SaaS software and cannabis. I wish they would have taught me that trades were an option when I was young but unfortunately we were still working with hard-core gender roles and home ec classes. All they ever talked about was the track to university. I wish I knew those options were out there for women when I was a kid. I might have chosen a different path.
2022 business grad with 0 gaps in my resume and I still can't find an entry level job in any business field - marketing, HR, communications, sales, operations. Over 1000 applications since May 2022. I have spent countless hours refining my resume, custom cover letters and networking on LinkedIn and I am struggling so much. Feels hopeless
What do you do now?
@@olympic-ass-eater i lost my job as a bartender in october
@@CC-br9qg I'm going to try my luck as a freelancer, i wasted way too many hours looking for jobs while i could be building something myself. Maybe you should give it a go too
Have you thought about the trades? My brother is a diesel mechanic and makes way more than I do with my business degree and many years of experience.
Start a commercial window wash business...
I recently took a new job where they want me to stay long term. Minimum of 5 years. Last guy that left the role...
Was promoted.
And its a 6 figure salary.
Dont lose hope!
6 figures isn't what it used to be, not even close.
@@everss02 Nothing is what it used to be, but it's a hell of a lot better than the median.
Jealous. What field?
@@dfuk66 IT, but in a more niche sector. Has historic unemployment rates of 4% even during the 2008 recession.
adjusted for inflation 100k is the 2018 median, you need 200k+ to even consider buying a home these days and that's without kids(daycare is a grand per kid a month on the low side) @@chuckchan4127
I just got laid off only 5 months into the role, our entire division was just dissolved😢 so far the job search has been rough
I don’t know how we can survive with high costs, high rent and no job prospectives.
@@ericapoe we probably won’t unfortunately. This is going to be worse than the last Great Depression since this one was slowly caused by a virus that’s worse than the flu and ever growing inflation since then, along with other related factors.
15% interest rate mortgage was a real thing back in the day my younger peeps... YOU CAN DO THIS. Dig deep, find your income mojo and make it happen! I believe in y'all💁🏼♀️‼️Blessings🕊️
My friend told me about this channel, and I’m glad he did. So many gems dropped!
I absolutely despise companies that enforce office job when the job can happen remotely, there's no bloody reason I as an Individual have to force my ass and commute for 1-2 hours to sit in an office chair and work on a laptop, whereas I can still do it at my home and have some time with family. Afterall humans work for a better quality of life, companies are doomed if they keep pushing these agendas, remote work is superior, Period.
The hydrid model that would work for rural workers is one week per month in the office instead of days per week, with per-diem expenses, of course.
That actually sounds ideal.
I feel sorry for people that have been In stable jobs for 20-30 years. Wake up call approaching.
That’s actually NOT the norm and it’s annoying when companies gaslight employees to think it is. At my company, one of my coworkers is having his 36th anniversary with the company which is unheard of! Most companies expect tenure but they don’t want it. So better get used to the reality of people switching jobs 2-3 because companies brought this upon themselves for their behaviors
@@DiamondFlame45and the advice I hear here is make a career move more often than every five years touted during my active career. For the record: 24 years at a job ( retirement a pittance but my sanity trumped the situation) and 10 yrs full time into flex Saturdays today😎
@@DiamondFlame45 hope not but what I’ve seen makes me wonder what sort of psychos are on the management teams. Judge company by its actions.
Or people like me who were comfy in a job in the same role essentially for 11+ years. Huge mistake to think that job would allow me to retire without future proofing for a potential layoff like I'm in right now
It is wild because i have also been told about the cost and time (cost) to hire and support for first 3 months is around $20,000 or more
I don't know if this will be the future of fast food, but at McDonald's in the Walmart I went to yesterday, in place of walk up ordering counter was a self-service kiosk. There was just one employee whose sole duty was to hand customers their orders.
give it time and soon a robot arm will replace that guy
That’s also due to progressive idiotic politicians that require fast food workers to get paid $20 or more per hour to flip burgers and take orders. Common sense should tell you they will hire less people and the cost of the food will increase.
Companies love contractors. They don't pay benefits and they can toss you aside at any time with no severance. They also don't have to give you raises and they will stick you in a corner until your contract runs out.
I've gone to business town halls and one CEO complained about wager inflation. I'm sure that's being echoed though out the industry. The gap continues to widen.
But contractors are setting up their own raises… And those are way beyond 2% that you will get from employers.
Companies have to pay or look for another contractor.
@@kjkj4725yeah, you're HR too managing all the behind the scenes paperwork in addition to what ever work you do. More corporate shenanigans.
Contractors also spike in wages. If they want to keep you on board you increase the case wage 30-70% each year. Also your starting wage shall be no less than 60% more than the average.
This is why the government needs to step in regarding healthcare for all and retirement
@@CC-br9qg or, government can fuck off because they created these problems
As a college graduate with a 3.75 GPA, with zero related work experience and relatable transferable skills, I cannot get hired, except to work at Amazon warehouses, which I gave done and going back to, completing with high school graduates for low wage jobs on food service, food markets and retail. HOW SAD IS THAT❓I busted my ass in college with high hopes as college was hard for me, but I did it and happy I did. I know the longer I go without relatable skills and experiences, the harder it gets to find that career path. What a sad world to live in. I WISH I went to some kind of trade school………
Employer loyalty was never alive in the first place.
I work for a large company that resulted in a contract role for the last three years. They have let people go at the end of 22 and 23, and had told they would bring back contract work but reneged on it because of budget. My contract is up in July but honestly I don’t see myself being there till then. I’m expecting second quarter to be told I would no longer needed. I would love to say what I think but will not be derogatory. Love your videos for the last three years
And of course because you're a contractor, letting you go, even cutting the contract early, doesn't get reflected in these layoff stats.
Do what you can for a stable job. HR will start to require no gaps and no job hoppers again when a recession hits. Maybe take a job a step under you if it's a permanent role. After 2 years making less money you can then go back again to your current role. I know what I said sounds ridiculous but it is how I survived in 2010. HR doesn't care about contractors. They hang out at the finish line and hire the winners. Winners meaning perm folks. You got 6 months so go hit the pavement and apply for any permanent roles
@@timgibney5590 I’m looking into that. I’m not going to wait till the end because they have changed from guaranteeing a job to can’t make any promises. I’d like something more stable as well as many other people in the workforce.
@@timgibney5590 I've been at my current role (and burning out) for over 10 years now, so I'm pretty covered, but yeah excellent advice in general.
something thats really bad right now is also jobs in basic starter jobs such as fast food and grocery stores. Personally I am done working fast food, ive done it for far to long and its not going to help me progress any further. So ive been looking into grocery stores yet all of them are similar to fast food where they are "hiring" yet they could not give me an answer as to why my application has been on file for 4 months and has not been denied. Still no update after speaking to the hiring manager multiple times and STUDDERING when I would confront her and she didnt have an answer. They are finacially hurting just like everyone else and just as this channel as mentioned, they are trying to protect their company incase of a downfall.
My wife has been in food service for 13 years. She applied everywhere, constantly. Eventually she ended up taking a pay cut and working at Taco Bell, and that was a miracle. We can pay our rent now.
@@crash_override9435😮
Great video. Loved the advice near the end about AI
My company is planning layoffs early next month. Welcome to 2024!
I have 16 more months of work left. I work fully remote. If they will let me go to part time, I'll stay on a bit longer, otherwise I'm outta there Spring 2025. 🎉🎉🎉
Are you on contract?
@@olympic-ass-eater No. I've been with this company for 10 years next month.
I am struggling to find a company that allows me to work fully remotely in europe.. do you have any advice of websites that you came across for remote jobs? I mainly use linkedin and wellfound. Thanks!
Inflation has slowed rising * that doesn't mean the 50% markup on all goods during covid is going to go away thats the new standard
From what I’m seeing with a couple guys that have left work, the jobs they got where by word of mouth and networking, no official posting.
Unfortunately, many of us don't know anyone.
@@olympic-ass-eater same here.
Yup almost feels like you need a job, to get a job.
Been a project manager for 10 years. Meager salary - barely paying my rent. Well, I need more money like everyone so I started looking. Found out I couldn't even replace my own job right now. Wow. Guess I should have done something more useful trade-wise. Whether I end up under the bridge, oh it doesn't matter anymore. Need to accept the fact I will always be less than mediocre.
I thought project managers earned a good salary.
Hey, don't underestimate yourself my freind it's called faith!😅
Mike Rowe ( Worst Jobs) has been promoting roll up your sleeves income... can you find something that works for ya? Blessings🕊️
You’re not alone. I know the feeling. I know that I’m lucky to have a job. It’s not a career and the pay sucks. As they say, 1 paycheck away from being homeless.
Start a commercial window wash business...
He hit it right on the nail
In terms of AI for software developers it’s using the new tools for developing. It’s essentially just a more advanced autocomplete, for now anyway.
We don't even have Artificial Bad Programmer yet.
I quit my job at a global fortune 500 company due to serious burnout, lack of training and an overall toxic environment. They threw AI at us and all the changes made my job pretty challenging. In have 15 years of experience and was making around 75k per year. Job searching right now has been discouraging. Being offered entry level jobs/pay its sad.
Indispensable does not and never will exist in any job market with any organization.
Unless it's your company 💁🏼♀️
We don't have an economic system that can handle tens of millions of people suddenly not having a job and not being able to find one. So what is going to happen in 2024 and beyond - largely due to AI - is anyone's guess
I already barely get any job offers in Reno NV already the fact that it's just gonna keep going down means us poor ppl are gonna have to take drastic measures to keep living. I'm already selling all my shit, definitely been seeing myself doing more temp work over long term over the years, we really need something big to happen to the job market
I work for Amazon and am loosing my job as I cannot move to Seattle… I was hired into a remote slot and from a state that has zero corporate office presence… thus, was told move to Seattle or hit the road. My last day is March 29th and honestly I’m terrified of not being able to find another job. I’m a single income and am extremely nervous
Please consider moving seriously. Seattle is a big city with more opportunities too.
Glad that I will be retiring in 6 months.
I think hybrid work is here to stay. This is the trend i am seeing with all the jobs i apply to.
Finally some acknowledgement of the effects of AI. You even included a mention for your closing pitch. I look forward to seeing further updates as you continue to measure more of the effects of AI going forward.
AI is reading all of our resumes and auto-rejecting
@@CC-br9qg There is definitely much more than just that happening in today's day and age.
Is it AI or is it a Biden?
@@Devolops Can't wait for AI-DEI.
@@bigneiltoodefinitely AI
I just need a job for 10 years...then i can retire....
Sounds like we should be constantly looking for jobs in 2024 even if we have on already. I started a new job in July with a highly rated employer that still promotes from within but it is a 3 year term and I'm on probation the first year. I'm looking for jobs that are better and with higher pay for about 2 hours per week
Layoffs have been hitting contractors too all through 2023 many were terminated early. Especially in public services.
Inflation has not dipped in Canada, it's expected to get even worse this year. Idk what govs expect ppl to do, everyone's already at breaking points. I'm assuming many bankruptcies this year in my country.
Yep
I agree with MGMT focusing on AI. But most management will have to focus on improving management skills
I'm 52 so yeah... I'm starting my own company (for survival). Can't retire.
I think the layoff numbers do lie based on how the employers report them…
Sounds like a good year for a sabatical
What a great use of off time 💁🏼♀️
I agree Brian. I think that for white collar jobs the new normal will be a hybrid model which means that as you pointed out it will require you to stay in an urban or suburban area.
I worked for a large company that went through this 10 years early - and it was the remote model that won out for many jobs. Unless you have to go onsite for a useful purpose, such as to use a piece of equipment, I found the hybrid model to be the worst of both worlds. If all you do is work at a desk and discuss items with others a few hours a week then hybrid just keeps you constantly changing your work environment, so you never get in a rhythm or optimized. Company cafeterias often go downhill first with fewer people around, then cleaning and other services get harder to justify when the workplace is often empty. With things being less pleasant workers tend to find more excuses to be away - until after a few years only the people who really need to be onsite or who don't have a good home workspace show up.
There have been layoffs in certain industries, but much of that seems to be an overreaction by companies that anticipated a downturn that didn't occur. Other industries still can't find enough workers, the workforce is limited by an aging population, and there is a ton of government infrastructure and military funding entering the economy. I'd say that within a year we will be back to companies being happy to hire whoever they can get - and making accommodations when necessary.
@@JasonEDragonI agree, the next two years the tables will turn! These greedy corporations can barely retain long term employees. Thanks to the baby boomers they have sustained for a long time , because most baby boomers were brainwashed to believe that staying long term would reap them pensions, seniority , a lot of vacation ect By staying until retirement would make their organization be “loyal” to them . But that is the biggest lie, the past three decades organizations has started stealing pensions, closing down and laying off employees or had mergers that caused many long term employees to get laid off (reorganization schemes ) ect Those baby boomers are aging out and retiring and have specific skills for their industry that is not taught in colleges. Decades ago companies were willing to train employees with no experience right out of high school & college. Now every job you see posted requires experience, even for entry-level jobs , yet the salaries offered doesn’t match what the employer expects the job seeker to be qualified for. Another dirty deceptive thing employers are doing is changing the job title to a entry level title, but it’s really for a higher skilled level job so they can justify the low salary. For example I am seeing a lot of administrative assistant jobs (used to mostly be secretary or office assistant general clerical job). But when you read the qualifications they are requiring the person applying to be bilingual, have quick books or bookkeeping experience, excel experience , knowledge of using specific financial computer software that their organization uses , bachelor’s degrees, 2-3 years experience ect When you check out the salary offered it’s low wages . If they posted that the job with the correct job title of Bookkeeper the salary range would have to be significantly higher. A lot of scams out there, they feel like they can take advantage now because of the state the economy is right now. But those tables are going to turn because you get what you pay for!! They will burnout their current employees who will eventually leave either by finding another job or retirement. They will eventually become so short staffed that they will lose business and have to file bankruptcy or shutdown due to their inability to value their employees and pay them what they deserve.
Simple advise to people still employed in IT always work in direction to add value to business, dont try to apply and learn the fancy tech from influencers just for adventure. Keep it simple. Essential survival tip.
It's basically impossible to move back to "an employment base", especially if you're entry level making relatively low wages. Housing is too expensive there now. It wasn't this bad before the pandemic.
Do you know David Fano, the CEO of Teal? He pretty much expresses the same concerns about company loyalty because 2023 was a huge wake up call.
Yes, we’ve spoken.
Yolo I am the ceo now… silver lining it’s never been easier to do it all by yourself.
Great topic! Thank you! Nebraska state demanded their employees return to work as of Jan 2024. It is a big big debate. One reason is office space in Omaha is empty and the building owners do not have occupancy. It affect their ability to get loans etc. and owners have clout in political arena. So far, employees many have it in their contract as remote are still remote. Droves of people are 'leaving' to nearby states for same jobs, who at their state level allows for remote work. IA, KS, SD, CO, WY, MO.
Good data sources
A.I is going to be our new supervisor at work.
This… and it’s also gonna be our new hiring manager
I've given up on tech, I have a PhD in telecommunications from my home country (North Africa), but am working as a French language teacher. I'm trying to register for a 1 year AI program in a college, but I don't even put much hope into that degree. I'm mostly doing it not to have regrets later.
I feel like everyone wants the same software/AI/gamedev jobs so of course it's gonna be tough to be hired. Nobody wants to do plumbing or carpentry. In the city where I live, there's a lack of bus drivers, but nobody takes a hint and goes to these jobs. Us millenials and Zoomers only want to work at our computers, hence shooting ourselves in the foot.
What I think we're seeing is a return to the valuing of loyalty AND a shift from large conglomerates to decentralized work. Contract work is gaining traction for a variety of reasons, as a simple example.
I hope contract work will not take off. I've held three contract positions in the last 3 years and got laid off of each one of them only to have five plus months of no work after each one of those jobs. To me, contract work equals instability.
Yeah I have seen a lot of contract work but don’t want to do it. I am not sure about the loyalty part though. I was loyal to a fault! I think all of the new c suite got amazing deals and the time to pull the parachute clause is coming quickly. They need to learn some loyalty but won’t.
@@KinniMooYeah. I am currently at 1 year since I last had a job. And the rest of the job market doesn't look great. From fake job postings or jobs that only to be intended to be filled by internal employees, I don't see myself getting a job even this year. That will mean that I will end up going two years of not having a job that is relevant to my (laughable) career. I think the gaps are killing my chances of getting any kind of job at this point, and only getting worse every month that goes by.
@@Denastus I understand! I am lost without my job. Obviously not having a paycheck is a nightmare, but getting laid off totally knocked me off my game. I had learned so much and, in my 50’s actually felt like I had a career and loved my job. I didn’t realize how much of who I was came from my job. Now that month 5 is trudging away and I see so many of you that have hit the year + line, I am terrified. I can’t believe how hard it is to even get an interview!! I have made it to two final interviews (out of the maybe 4 or 5 interviews I have had) but nothing. I hope we are both proven wrong about the job prospects this year and we land good jobs. Oh and I have gotten the fake interview requests too. It is really cruel. Good luck with your search! 2024 has to be better! The bar is really low!
@@KinniMooto you both, YOU HAVE TALENT‼️‼️deep dive and find that income bliss... encouraging you here!!
Funny you say hitting the job listings is the slowest way to get a job. In WA to collect unemployment they require that you hit them and do other "job search activity". Unfortunately, updating linkedin, contributing, etc. does not count. I imagine the same is true in some other states.
Colorado too
It seems like the tech industry was really where all these layoffs were concentrated, and of course anyone involved with tech is going to be extra vocal online.
That said as an IT worker myself, shit's scary out there.
Yep, the IT department I was in had two rounds of layoffs in 2023 and went from 30 people to 10 people. Be safe, be careful, be savvy.
Tech and mortgage were savaged in 2023.
@@JustMe99999 Thanks for mentioning the mortgage/finance industry, I didn't necessarily mean to disregard their plight too
You can get a role in a capacity which enhances or maintains AI systems. Such a job should be safe to hold on to for a few years.
I suggest learning a new trade as a lot IT roles will be eliminated in the next 1-2 years due to AI being the obvious reason.
Went to school for IT/Cybersecurity, was searching for about 2 years for entry level positions with no luck, I have moved on from trying anymore and basically wasted money on school and certifications just to realize that I am competing against a thousand applicants with working experience which I do not have. I’ve cut my losses and have moved on to something different.
Hello, I have a question. I was working as a Software Tester, but I got laid off. Now, I am thinking of learning backend development. I am wondering if it's a good time to change my career.
Just Got a Govt Job, Army Civilian, Hopefully 🙏 I'll stay until retirement
12:15 no one is indespensible. Good advice for the PMC's but not for the majority.
Life as we know it will never return to pre-pandemic levels. It’s over folks.
“We are going to see less layoffs overall” so far in 2024. ups (12,000) twitch(35%) eBay (1000 + contractor workers) Microsoft (1900) wayfair (1600) business insider (8%) and more..
And many many more!
I do agree more remote work or hybrid work
going to be interesting to see jobs shrink because of AI and how the public reacts to it. wiping out thousands of jobs but introducing a few hundred.... thats an interesting balance. Maybe there will be a swing back to STEM jobs as AI and automation cant do much of that. not yet at least.
If anything AI is going to create more jobs, specifically in regulatory and debugging/testing
@@cpK054L
" Ai is going to create more jobs" This is what they want you to think while they are heavily pushing AI development to replace us.
AI is already expected to replace basic doctors in the future and many tech jobs even basic lawyer jobs so I don’t know where you got that idea from
@@la6136 did you mean webMD and Google?
@@la6136 AI is over hyped
If you’re worried about AI, ask yourself this question do I interface with clients (individuals outside of my organization)? Another great question, is there some repetitiveness in my work?
Do you have a video of applying to other places 2 weeks after getting a job
me tryna get hired💀
Facts😂 me too
Today was the 3rd time in the last 4 months that I've had an interview cancelled last minute (the day of the scheduled call). In all three cases, they were fortune 500 companies. I'm beginning to feel these postings aren't real and they're just not serious about filling the positions. If this is any indication of the future, I don't see 2024 getting any better.
Big firms are absolutely assholes and no job security at all
This happened to me, too. They also stretch out interviews. I am on my third interview that spanned over three months!
Got laid off the day after Christmas, so now I'm on it pounding the pavement!
Same here. You are not the only one. No worries. Keep your head up!
I’m seeing it at Whole Foods which parent companies Amazon and in retail and they’re just treating us like slaves and like crap and if you do nothing you get promoted it’s just awful and ageism is real
Ageism is real and rampant in EVERY industry!
I was actually fired from my job at Amazon due to a misunderstanding where I was about a punch in frustation for working the wrong hours when a supervisor told me my actual hours (I was about to be finished during the afternoon shift).
I am telling ya, them AI is competing against us humans in the job market. CEOs are seeing AI a good & cheap investment than humans employees.
That’s what I’ve been saying for years. They’d rather a machine than to pay a human with rights and needs. But yknow we can all work at McDonalds and Amazon according to them. 🙃
@@still_your_zeldaAmazon is planning to reduce their headcount in the warehouse sooner too.
It won't be surprising if CEOs get replaced by AI as well.
Companies are traming employees as revenue and profit plummet , key indicators point to more retrenchment coming
Start more positive. Time to change the name and of your stream. A good life after hire. Good jobs! Peak hires! More remote! A. I. as much as you want. It’s a thought.
Man I wish I could watch videos on this page& hear good news for once 😅
Read an article that said job openings are the lowest in three years….
Can you share the link?😀
I just hope they start hiring again ive been applying to places for a while now
I don't understand how the White House says they created all these jobs yet the market is as bad as it is is. Like there is a credibility gap. Or are all of these minimum wage part time jobs nobody can earn a living with?
They’re lying. They lie with statistics. Many who can work have given up and left the applicant pool. Companies who fired but give severance packages are also not included in the unemployment numbers since those people are still on the company’s payroll.
There are a lot of ways around reporting the truth.
We won’t get the truth this year in the US since it’s an election year, so the current Administration will hide the ugly reality.
They are a bunch of liars.
Capitalism
@@sanepillow59 ..... Let me guess, you think socialism is better? Let me tell you something, I almost married a girl from a socialist country. You still have the rich people at the top, and everybody else is really poor. No, I blame greed for this. Companies are realizing they can get more work out of people for the same money and they can reduce workforce but still maintain productivity and keep stock prices high. The government should just let these companies fail. High interest rates do not help either. That is caused by big daddy government borrowing and spending too much.
Expect the SOB.
layoff proof and indisposable are not existed… impossible, unless you’re the company owner
Any given employer can hire more people while cutting the hours of the people already there.
Anything is better than 2023 honestly
i'm about to join the bums under the bridge. I'm over this shit lol
How can anyone not be a pessimist at this point? Is there an end to any of this??? @@crash_override9435
Do a lot of US companies outsource outside of the US? I’ve seen a lot of remote/ work from home jobs that are restricted to US citizens/residents only.
They do. There's just some positions that can't due to stuff like US export laws where it is illegal to have non-citizens handle sensitive items
@@Demopans5990 i see. But yeah, found a few websites where we can work online for US businesses
guess I missed out on this wage growth. Our company suspended raises during the pandemic and never brought them back.