AI didn't cause the tech jobs bust, but it explains why there's no recovery

While the overall U.S. economy has grown since 2020, tech sector employment has declined significantly, with information-sector jobs down 12.1% from their November 2022 peak and IT services stagnating despite economic recovery. The tech job market is shifting toward senior roles, with 71% of software-developer job growth concentrated in senior positions, while junior hiring remains depressed and 56% of tech postings now require AI skills, suggesting a structural transformation rather than a temporary downturn.