Why are the salaries of QA positions shrinking in 2024?

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I would like to see this conversation get a bit of traction. I have not been monitoring data for QA salaries through and post-COVID, but I would speculate that the core issue is competition and real/perceived scarcity of work.

More people are seeing the possibility of working from home, and QA generally fits that model. As more people take up this discipline, there is greater competition for roles, especially within tech, game dev, etc. having such a turbulent period in regards to layoffs. Take these numbers with a pinch of salt, but I believe we are at over 270,000 layoffs across tech since Jan 2023, with 16,000 jobs lost in the game dev "niche" over the same period,

Of course, hiring is still happening, and the trend seems to be reversing finally, but there are so many people looking for work now. All this to say, it seems to be a buyer's market, if you will. I think there has been a greater supply of prospective and professional QA workers recently. Anyone have other thoughts or more concrete data?

To my fellow QA professionals out there, as well as those wishing to get into this industry, the last few years have been complex and challenging, but I think we are seeing sunshine on the horizon. We can weather this storm!

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