I've seen other research and discussion on this topic. Some stats that may be validating for you (and others) to hear:
* There's a 0.08% job application -> offer rate when applying through LinkedIn (LI). An average of 1 in 1,250 applications lead to an offer
* The linked paper on this post finds that 21% of postings are ghost jobs, but I've seen credible estimates that the proportion is as high as 50%
* A Stanford survey found hundreds of fake LI profiles, AI-generated "recruiters" that are interacting with candidates and posting ghost jobs on behalf of big companies
* ~75% of resumes from qualified applicants are never seen by a human
* resumes get on average 6 to 8 seconds of consideration when they are reviewed by a human
* 300,000 jobs are outsourced annually (with respect to the US)
All this to say, you're right, something is fundamentally broken in the labor market, especially the tech labor market. And not that many people are talking about it, except for those of us who have been unfortunate enough to need to look for jobs in the past ~2 years.
In my own case, my previous employer (a startup) ran out of money and laid everyone off last Fall. I was fortunate enough to find a new position, but this job search was the hardest I've faced since 2008 - and it seems worse now than it was this time last year.
I've seen other research and discussion on this topic. Some stats that may be validating for you (and others) to hear:
* There's a 0.08% job application -> offer rate when applying through LinkedIn (LI). An average of 1 in 1,250 applications lead to an offer
* The linked paper on this post finds that 21% of postings are ghost jobs, but I've seen credible estimates that the proportion is as high as 50%
* A Stanford survey found hundreds of fake LI profiles, AI-generated "recruiters" that are interacting with candidates and posting ghost jobs on behalf of big companies
* ~75% of resumes from qualified applicants are never seen by a human
* resumes get on average 6 to 8 seconds of consideration when they are reviewed by a human
* 300,000 jobs are outsourced annually (with respect to the US)
All this to say, you're right, something is fundamentally broken in the labor market, especially the tech labor market. And not that many people are talking about it, except for those of us who have been unfortunate enough to need to look for jobs in the past ~2 years.
In my own case, my previous employer (a startup) ran out of money and laid everyone off last Fall. I was fortunate enough to find a new position, but this job search was the hardest I've faced since 2008 - and it seems worse now than it was this time last year.