Interesting. I saw contractor rates dropping here too. The ones I saw recently were at pre-pandemic levels so from 6 years ago. The large increase in cost of living from that time makes it even worse. The funny part is that the skills and experience that are being asked for are at a senior level. So I guess that would be senior level vibe coder at junior rates?

Management literally doesn't realize that you can't exactly vibe code a serious project? Maybe they just don't care and it's an experiment. Super low risk I guess, depending on the city they might pay the floor cleaner more than that.