Now, lets be serious for a minute. An over-saturated market is never a good thing, and right now, the market is over-saturated with job offerings. There are more people seeking “talent” than the amount of actual “talent” out there. Employers take whatever they can (my neighbor’s dog just got a job offer from Google). That means they hire a person that calls himself a “Software Engineer” after learning HTML/JS for a few weeks or just getting out of college.
So lets all move to SF where we’ll get lots of money for just calling ourselves “Software Engineers.” Did Someone just say gold rush?
Since there is only so much gold in the mine. You can only dig for so long until you get it all out, and we are close to the end of this rush. You can only build lies upon lies for so long before everything collapses, and when it happens, the over-saturated market will do a 180 flip leaving us with the complete opposite situation. Tons of people (most of them completely unqualified) and not enough jobs.
But what about the big guys? What about Google, Facebook, Twitter, etc? The well established companies are not relying on finding gold anymore. They are now making investments with all the gold that they have. And they will eventually take advantage of the situation in a market saturated with people looking for jobs. Today they have to hire who they can, tomorrow they get to pick. And when they get to pick, they also get to offer whatever they feel like – and what they feel like it won’t be as sweet as it is today (not even close).
Do you know all that new construction that targets “young professionals” making all that money? Who will be the target when the bubble bursts and 22 year-old kids begin to fall from the sky and hit the ground hard?
Do you know all those new fancy bars and expensive restaurants that just opened up? How will they stay open when people can’t afford $15 cocktails? I still remember the days where booze were cheap in this city (lonely tear running down my cheek).
Clearly we are living in a culture that is based on a big lie, and as my mom always said, lies have short legs, so they can’t get too far. We are about to see the end of this start-up-lie era.
Don’t get me wrong, by no means am I implying that tech is going away, and we are all going to have to move back to caves. In fact, I obviously believe in the ability of technological progress to help not only improve lives, but the world around us. All I’m saying is, this particular bubble is about to readjust, and when that happens, we are going to shovel the dead dreams of all those young CEOs out of San Francisco.
To be perfectly honest, I can’t wait to go back to the times where no one listen to you if you are under 40.
Fede Pisani (Age of 30).
Note: If you don’t know what HTML is, go learn it. You could be making over $100k in little over 2 weeks.