Canada's Tech Job Market Has Gone From Boom To Bust In Last Five Years (msn.com)
- Reference: 0178888184
- News link: https://news.slashdot.org/story/25/08/26/2250204/canadas-tech-job-market-has-gone-from-boom-to-bust-in-last-five-years
- Source link: https://www.msn.com/en-ca/money/topstories/canada-s-tech-job-market-has-gone-from-boom-to-bust-in-last-five-years-indeed/ar-AA1LfD3H
> "The Canadian tech world remains stuck in a hiring freeze," said Brendon Bernard, Indeed's senior economist. "While both the tech job market and the overall job market have definitely cooled off from their 2022 peaks, the cool off has been much sharper in tech." He thinks the fall was likely caused by the market adjusting after a pandemic boom in hiring along with recent artificial intelligence advances that have reduced tech firms' interest in expanding their workforces.
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> "We went from this really hot job market with job postings through the roof to one where job postings really crashed, falling well below their pre-pandemic levels," Bernard said. However, he sees AI's recent boom as a "watershed moment." While much of the decline in tech job postings has been in software engineer roles, Indeed found hiring for AI-related jobs was still up compared to early 2020. In fact, machine learning engineers and roles that support AI infrastructure, such as data engineers and data centre technicians, were among the job titles with postings still above early-2020 levels.
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> At the same time, Indeed saw postings for senior and manager-level tech jobs drop sharply from their 2022 peak, but as of early 2025, they were still up five per cent from their pre-pandemic levels. Meanwhile, basic and junior tech titles were down 25 per cent. When it compared Canada's overall decline in tech job postings, Indeed found the country's decrease from pre-pandemic levels was somewhat milder than the retrenchment it has observed in the U.S., U.K., France and Germany. The U.S. fall amounted to 34 per cent, while in the U.K. it was 41 per cent. France saw a 38 per cent drop and Germany experienced a 29 per cent decrease. "All this just highlights is that this tech hiring freeze is a global tech hiring freeze," Bernard said.
[1] https://www.msn.com/en-ca/money/topstories/canada-s-tech-job-market-has-gone-from-boom-to-bust-in-last-five-years-indeed/ar-AA1LfD3H
What they won't tell you... (Score:5, Interesting)
Canada is experiencing record high migration. Put two and two together.
Re: What they won't tell you... (Score:1)
Hey how, stop bringing reason and logic to /.
Probably doesn't help (Score:4, Interesting)
The US sowing economic uncertainty around the globe with its constantly shifting tariff levels and its general threats to Canadian sovereignty likely dont help either.
Re: (Score:2)
The one time I want mod points to able to mod this up.
Re: (Score:3)
I can't stand our Liberal government more than most people, but to be fair we just did this 8 years ago during Trump's first term. First thing he does when he is elected to his second term is break all the agreements he himself proudly negotiated last time around. We just assume the dotard can't remember that far back, but there is still the fundamental problem (and not just Canada but everywhere) of how to effectively negotiate with someone whose word is worth absolutely nothing. Yes, America's word is
Re: (Score:2)
Right, the best thing to do is to cave in to a bully. They'd never come back around again with more demands later.
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Half the world has stopped sending mail to the USA because of the tariff shit show. [1]https://www.nbcnews.com/world/... [nbcnews.com]
Have you heard the elderly dementia patient speak lately? Christ if Biden said anything even close to this they'd have admitted him to the hospital and sworn in Kamala. [2]https://news.slashdot.org/stor... [slashdot.org]
“You know, China intelligently went and they sort of took a monopoly of the world’s magnets, and nobody needed magnets until they convinced everybody 20 years ago, ‘Let’
[1] https://www.nbcnews.com/world/europe/global-mail-carriers-suspend-us-deliveries-confusion-new-duties-rcna226828
[2] https://news.slashdot.org/story/25/08/26/2250204/canadas-tech-job-market-has-gone-from-boom-to-bust-in-last-five-years#comments
Re: (Score:2)
That sounds like an argument for becoming the 51st state
Re: (Score:2)
"Hey, you know that giant economy that is deliberately being run into the ground by a government stripping everyone's rights and tearing apart the social safety net? Yeah, you should want to join that dumpster fire!"
Your post has to be among the dumbest takes I've ever read on anything.
Re: Probably doesn't help (Score:1)
Did you wander over from Reddit?
Re: (Score:2)
I see you're another wonderful product of the GOP-sabotaged American educational system. Congratulations on falling for the myth of American Exceptionalism even as it's causing you to slit your own throats.
Re: (Score:2)
Why are you dragging Puerto Rico into the conversation?
Education has failed (Score:1)
Training idiots to follow procedure does not produce the critical, analytical, and logical thinking we need. Instead we have lots of people doing what their textbooks said was right. You can't build an empire on that!
Misleading and inconclusive (Score:4, Interesting)
It focuses on Canada because it's written by a Canadian news media. However, it says Canada experiences a very mild effect compared to several other countries, USA/UK/France/Germany which are all worse.
Therefore for all folks here who try to explain the "bad" results with immigrants or something like that, it's more the contrary, how to explain the GOOD results of CANADA while other countries performed worse.
Then the paper tries to explain the results by the recent AI. But it finally cites different countries (Australia, Singapore, Spain) which experienced POSITIVE job change, and says it's because the overall job market in those countries remained high. Which, if we accept this interpretation, means all of the previous is wrong, nothing is due to AI, only to the "overall job market" in each of the countries.
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Fewer tech jobs isn't necessarily a bad result. Maybe they solved all their tech problems and can now get back to collecting maple syrup and jacking lumber?
Global Socio-Economic collapse in progress (Score:2)
Once again another nail in the coffin of this civilisation.
Theres a 5% chance of us diverting to a trajectory that does not
lead to extinction.
Re: (Score:2)
> Once again another nail in the coffin of this civilisation.
i guess you mean "western civilization". no argument here but that's not "global". in globalland, most of the rest of the world is doing relatively well.
> Theres a 5% chance of us diverting to a trajectory that does not
> lead to extinction.
no argument on that either. maybe the world will be better off when this civilization led by hypocritical, supremacist and exploitative gutmenschen is finally put in its place, but it may get so desperate as to wanting to spoil the fun for everyone first. in the long run, however, i sadly wouldn't bet on our species being a success story anyway. one has to
Re: (Score:2)
> What's not to like about a non-tax-funded, inflation-indexed universal basic income?
Why wait? If you want to give people free money, just fork Bitcoin into yet another pointless alt-coin and give them that.
"But it won't be worth anything, because who'd exchange goods and services for a coin that was just created by arbitrarily making a few code changes to fix that whole pesky scarcity thing?"
Is it starting to sink in, yet?
Re: (Score:2)
the $5000 dollar bread that's $10000 by the time you get to the store
But, how? [Re:Is basic income looking better yet?] (Score:3)
> What's not to like about a non-tax-funded, inflation-indexed universal basic income?
If it's not tax funded, how is it funded?
Re: (Score:3)
Probably through inflationary spending, but some people tend to forget that inflation is just a sneaky form of tax.
How is inflation a tax? (Score:2)
Especially the inflation we have seen over the last 10 years which is almost entirely driven by large corporations exercising the Monopoly Powers they have built up over the last 50 years in the absence of any antitrust regulation?
The governments go out of their way to stop inflation. Now mind you they do this by using high interest rates to trigger Mass layoffs but you can hardly suggest that inflation is a tax when governments do everything in their power to keep it low.
It honestly just sounds lik
Re: (Score:2)
Here's a crazy idea, we could automate food production and give everybody food. Then we can automate 3d printed construction and give everybody housing. Automation is supposed to be a good thing that makes our lives *better*.
Re: But, how? [Re:Is basic income looking better y (Score:3)
Either you are joking or the kool-aid is really tasty.
Re: (Score:2)
Let me know when the govt is giving out free pussy.
And it needs to be free pussy that people actually enjoy fucking too.