>Reduced demand in tech due to constraints of capital
That's it, really. All the "hiring" money is being spent on building data centers, at least in the US tech field. Better hope AGI is really around the corner, or that's a lot of money chasing nothing that could have been put to productive use.
Do you have any idea of how much money has gone into this already? Agriculture is an awful job. It's at the top of the list of jobs we would love to completely automate.
It turns out it's a hard problem because computer vision is hard, and we've had a lot of agtech investment already.
But funny enough, we can't just ship 100k software developers from the bay to the central valley and it just work.