Tech Industry in Crisis: Developers Need Trade Union

Name: Tech Industry in Crisis: Developers Need Trade Union
Uploaded: 2023-02-15 12:13:16
Description: The tech industry is facing layoffs due to cost-cutting, and developers need to form a trade union to protect their salaries from competition.

This article is a summary of a YouTube video "IT-индустрия мертва?" by Миша Ларченко

TLDR The tech industry is facing layoffs due to cost-cutting, and developers need to form a trade union to protect their salaries from competition.

Key insights

💻

Despite the high demand for programmers, testers, and other IT professionals, the industry is relatively small compared to other global industries.
💻

The IT industry experienced accelerated growth during the pandemic as businesses shifted online and the demand for programmers and testers increased.
💼

The current situation in the IT industry is causing a lack of job opportunities and layoffs, giving the impression that the industry is dying.
💼

Highly qualified developers are needed for supporting existing projects and adding new functionality, but the staff of such products is unlikely to grow rapidly.
💰

The demand for developers may decrease, leading to a potential decrease in salaries or developers demanding higher pay.
🌍

It seems that there is a big boom in the IT industry in poor countries like Venezuela and Argentina, where people are eager to earn money and work decently.

Timestamped Summary

📈

00:00
The tech industry is young and growing, despite recent layoffs.
💻

02:34
Demand for programmers has increased due to the pandemic, but it is not the most profitable profession everywhere.
💔

03:39
Companies are reducing costs, leading to a lack of jobs for juniors and experienced developers being hired instead.
💸

05:13
Salaries of good developers will fall.
💪

06:10
Form a trade union to protect developer salaries from competition.
📉

07:21
Outsourcing from the former USSR region has decreased, but there is still outsourcing from other countries.
📉

08:30
The pandemic has caused a surge in South America, leading to mass layoffs in the IT sector.
🐟

09:43
Local Dynamac can be used to defish images offline.