It's supply and demand.

It could also be a 4X increase in grads for Computer and Information Sciences degrees since the 90s.

Aperocky 3 days ago | parent | next [-]

There's only a 4x increase? I think the amount of positions have increased by far more than that.

bogdan 3 days ago | parent | prev [-]

How does this correlate to job demand? I imagine demand is on par if not higher.

	▲	mathattack 3 days ago \| parent [-]
		Good question. A couple caveats on the data: 1 - These #s are just domestic. 2 - They don't contain near-CS degrees like math and .electrical engineering (which may not have grown as much) 3 - They leave out bootcamps and similar training programs. 4 - Domestic only. My (only slightly educated) guess is that many US based CS grads who used to go to internal IT jobs are now at tech companies. CS grads from India and elsewhere now take up most of the internal IT positions due to outsourcing. I asked Perplexity [0] and they said that from 2000 to today software engineering emnployment went from 680K to 1.53MM. That's closer to 2.25X. Maybe it rises to 3X if you back up to 1995. [0] - https://www.perplexity.ai/search/how-many-software-engineeri...