Tech Layoffs Worry Younger Americans
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Key Takeaways
- Americans worry about tech sector jobs being outsourced or given to immigrants as continued layoffs plague tech companies.
- Younger tech workers express apprehension as they face the brunt of layoffs; however, many are still swayed by media reporting positive Biden economy news.
- When stripped of political spin, Americans overall have a negative perspective of the current tech job market as companies continue to hire immigrant workers.
Our Methodology
Demographics
All Voters
Sample Size
13,000
Geographical Breakdown
National
Time Period
30 Days
MIG Reports leverages EyesOver technology, employing Advanced AI for precise analysis. This ensures unparalleled precision, setting a new standard. Find out more about the unique data pull for this article.
American tech positions have been seeing continual decrease in job security going back to January 2023 when sizeable layoffs began. According to Boundless research, more than 300,000 tech workers have lost their job, despite an increase in H1-B visas for tech positions increasing year-over-year and a dropping denial rate under the Biden administration.
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Views of the Tech Labor Market Among Demographic Groups
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Political affiliation appears to play a significant role in how people perceive and discuss tech layoffs. Some Americans, particularly those who lean Republican, criticize President Joe Biden's administration for perceived failures related to job numbers and immigration. They argue the job numbers do not add up and suggest the administration's immigration policies are a contributing factor.
Others, who align more with the Democratic party, dispute these claims. They argue that immigration has not negatively impacted the economy and job numbers.
Age also seems to play a role in the discussions, with younger users expressing more pessimism about the job market. These voters often share personal experiences of struggling to find employment despite numerous applications. They argue the positive job reports do not reflect the reality on the ground, suggesting a disconnect between the official data and actual experience of job seekers.
Economic class is another significant factor in the conversation. Voters from lower economic classes express frustration and distress about financial struggles despite positive job reports. This suggests a dissatisfaction with the current economic situation. They criticize officials like Janet Yellen for allegedly being out of touch with the economic realities facing ordinary Americans.
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What Influences Sentiment on Jobs
Sentiment regarding tech and other sector layoffs can increase or decrease due to various factors. Negative news about the tech industry, such as reports of mass layoffs or declining profits, can increase negative sentiment. Conversely, positive news, such as reports of job growth or increasing profits, can decrease negative sentiment and increase positive sentiment.
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Sentiment towards tech layoffs seems to become more negative when people feel reported job numbers do not reflect their personal experiences or when they perceive government officials as being out of touch with the reality of job seekers. Conversely, sentiment appears more positive when job growth is reported, particularly when it points to continued economic strength. However, skepticism remains among some who question the accuracy of these reports.
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