dave333 7 hours ago

This happened to me during the dot com bust and I was what I call self-unemployed from 2001-2007. I tried various things to make a living. Developed some games/puzzles websites that still make several hundred bucks every month like clockwork. Tried buying and selling stuff especially dot com surplus stuff like docking stations and also books and music CDs. Bought in quantity at local auctions and on eBay and sold individually through a website or on Amazon. Eventually I studied to become a mortgage broker and passed the real estate exam but then the subprime crisis burst and there was very little demand for mortgage loans anymore. Eventually I landed a software job at a startup and rejoined the full time employed.

Maybe create a software co-op where people meet and can give or get help with any projects they are working on. Meet anywhere convenient like local library or office after hours or even someones garage. Nobody gets paid unless by agreement and to make money people need to sell something (maybe just ads). There's a much bigger chance of success than if all the people work independently.

  • devKnight 14 minutes ago

    what was it like going back to tech after 5-6 years? Was it a new stack? Were you doing some personal projects along the way to keep skills up?

irq-1 16 hours ago

The best way to harness this is to offer what companies don't: unlimited time off, no return-to-office, health insurance and savings plans that don't kick-back to the company, flat(ter) management, no all-hands meetings...

  • schmookeeg 14 hours ago

    I'm overemployed as a 40+ but this would get a CV from me pretty quickly.

    Offer some part-time options and you'll get a custom-crafted cover letter professing my love and why I am a perfect fit as well. :)

    • DougN7 8 hours ago

      Part time sounds magical. I think there would be a ton of very talented people interested in only working (and being paid for) 20 hours/week.

  • readthenotes1 13 hours ago

    Sounds like a good charitable endeavor.

  • missedthecue 12 hours ago

    "no one is accepting my current price, so the solution is to increase my demands"?

mrcode007 16 hours ago

Multiple possibilities exist but everything depends on context and the skill set.

One option is to start a consulting business with a group of engineers (essentially a market equivalent of a union but with more legal protections) and start charging very high market rates and nickel-and-dime the client hedge fund style with pass-through fees for everything. Use the knowledge of former jobs’ contracts and undercut on price.

If the skill set is very niche and highly specialized you could even attempt cornering the market by recruiting people away that are still employed and sell back their services through the consulting gig (offer profit share as a sweetener, etc.)

nitwit005 14 hours ago

It sounds like you're proposing hiring people for less than they used to make. That can absolutely work.

The problem tends to be that high unemployment tends to coincide with economic downturns. It's hard to get investment to start a business during such a downturn.

profsummergig 16 hours ago

Serious question: what's the definition of "skilled software engineer"?

  • austin-cheney 12 hours ago

    In the world of JavaScript its the person who uses the most tools, sometimes all of them simultaneously.

  • ninetyninenine 16 hours ago

    Someone you would consider skilled. Your own personal definition of this would suffice.

    I suspect though there isn't a lot of these people that are unemployed. There's more "mediocre" engineers that are in this zone.

    • ivewonyoung 16 hours ago

      Perhaps but it may also include people that were consciously or unconsciously passed on because of their age.

MasterScrat 16 hours ago

I suspect the largest opportunity right now is to leverage whichever industry you have experience in, and build vertical tooling that leverages LLM.

colesantiago 14 hours ago

> Is this an arbitrage opportunity? What's the best way to harness this concentration of energy?

Here is a profitable idea.

Make a group decision and choose a target profitable SaaS company or startup of your choice, replicate it with AI and race the target SaaS company to near zero in pricing and sell your services as the cheapest offering to SMEs and enterprises (assuming you guys have experience in this area)

Keep it running or sell it to another business and the collective reaps the profits once the target SaaS company is dead or is unable to compete.

Repeat for all or any companies or startups that you wish should not exist or that laid you off in the past

  • jdlshore 13 hours ago

    You’re making the mistake of believing that people choose B2B SaaS purely on the basis of price and features. While those are a component, reputation, marketing, and an effective sales force are far more important.

    • colesantiago 13 hours ago

      And so do the collective people who worked on the competing SaaS have all of those skills as well to use to their advantage.

      Just say you've worked at Google, Microsoft, Intel, etc, 300 years of collective experience.

      S4 Capital famously won contracts away from WPP even though WPP had a long standing reputation and marketing prowess.

jarsin 9 hours ago

I would say start an opensource project who's main mission is replacing a big tech app/platform. Bet you could get tons of laid off devs to eagerly contribute to something new and exciting that is taking on the empires.

  • haael 2 hours ago

    [dead]

rvba 17 hours ago

New OS to beat Linux?

Consulting for smaller companies to give them cheap software that helps them with their problems cheap? (And scales revenue with many subscribers) - I could write one example that comes to my mind but I dont want to soubd like a shill

Probably some of them are good, but software recruiters have problems to identify who (this happens to many jobs, not only software). I could write a book how recruitment and assessments could be changed to identify real gems.

  • thephyber 10 hours ago

    > I could write a book how recruitment and assessments could be changed to identify real gems.

    What if the companies people really want to work at have already solved this issue and the legacy companies won’t figure out how to change before they die off…

  • markus_zhang 16 hours ago

    What new OS has the potential to have a foothold?

nathanaldensr 11 hours ago

To answer the question directly: there isn't an obvious way that is economical. There's nothing intrinsically valuable about a group of 40+ technologists when most investments seem to be in the AI space or in other hype-driven spaces.

I'm 43, about to turn 44, and I've been unemployed for three years. My former employer fired me for not vaxxing despite being a full-time remote employee as I refused to give in to their ridiculous requirement. I've been taking care of my aging parents since then as my dad has developed dementia.

I'm interested in working in software again as tech has been my life since I was 13 years old. I've got tons of skills and experience, not just in tech but also leadership, but the prospect of insane hazing rituals known as "tech interviews" has me discouraged. I've been considering starting a tech services business but the economy is rough right now and I'm living in one of the most expensive states in the US.

If anyone could use an experienced .NET dev/DevOps or team lead, look me up.

ninetyninenine 16 hours ago

Is it that bad?

  • Josoephr 13 hours ago

    I wonder if this is further decimation of the middle class?

redcafe2 16 hours ago

[flagged]

  • codegeek 16 hours ago

    You are not serious right ? Most jobs ultimately are CRUD and LLMs are just the shiny new thing that is hardly 2 years old. There are 1000s of companies/products that require CRUD jobs and are not going away just because of LLMs.

  • maddmann 16 hours ago

    There are still plenty of crud jobs.

  • ninetyninenine 16 hours ago

    LLMs aren't doing anything truly beneficial to the economy. Nothing has really changed. Some tasks are a bit smoother and faster to do with LLM assistance, but as of right now the entire LLM industry is mostly just R&D and not generating any value.

  • erulabs 15 hours ago

    at what point does short term thinking "for decades" become, you know, long term thinking?

    • alxjrvs 15 hours ago

      The same number closets you'd need to build before you've build a house.

  • slater 16 hours ago

    LLMs are just the shiny new thing. Look:

    - Most took the easy path, doing CRUD for decades for easy money. Now, with Flash, they struggle to specialize or stay relevant as they are not intelligent enough and never pushed themselves.

    - Most took the easy path, doing CRUD for decades for easy money. Now, with AJAX, they struggle to specialize or stay relevant as they are not intelligent enough and never pushed themselves.

    - Most took the easy path, doing CRUD for decades for easy money. Now, with blockchains, they struggle to specialize or stay relevant as they are not intelligent enough and never pushed themselves.

    etc. etc. etc. ad nauseam