"and you will too" is a big part of why this is the accurate TLDR.
I looked at the job market a few months ago and Carona aside, the market is in a terrible state. Companies are looking for unicorns that agree with them on style, chose all the right techs four years ago, are young or otherwise willing to accept abuse, and write like someone with 10 years experience teaching TDD style programming. On top of that they want you to agree that they have chosen a profitable business that will save the world.
One advantage of an economy like this is that in another year or two, companies will have been humbled a bit and will not be looking so far up the corporate equivalent of Maslow's hierarchy, and will either be more focused on things that actually matter, or will be dead.
Unfortunately, we have to get through this bit first....
I hope you are right. OTOH, with an actual over abundance of labor instead of always on hiring barely finding enough employees, they can either go even farther in the direction of pointless hoops or even shorter on wages relative to output.
My advice to everyone who is thinking about tech is to find a ___domain that needs tech assistance and consider that ___domain your career future. Street smart engineers I know have mostly dropped out by 40, so tech is not a career.
I looked at the job market a few months ago and Carona aside, the market is in a terrible state. Companies are looking for unicorns that agree with them on style, chose all the right techs four years ago, are young or otherwise willing to accept abuse, and write like someone with 10 years experience teaching TDD style programming. On top of that they want you to agree that they have chosen a profitable business that will save the world.