So the future of Software Engineering (SWEs) jobs has Jevons paradox on its back.

In recent years, employment in the software sector has declined by about 200,000 jobs. Enough to tank enrollment in SWE departments.

Lenny Rachitsky and related research shows software job openings are on the rise! What to make of all of this?

Engineering job openings are at the highest levels we’ve seen in over 3 years. Most jobs growth in the U.S. have been in healthcare for quite some time.

There are over 67,000 Eng openings at tech companies globally right now, with 26,000 just in the U.S. But less immigration and less entry level opportunities.

Whatever is the case, overall I don’t believe unemployment among younger workers is structurally higher because of AI. Apollo’s analysis also supports this.