The Linkedin Black Hole
The positive effect that Linkedin has had on the job market:
There’s no denying that Linkedin took off like a shot during the Great Recession. Folks were losing their jobs left and right and Linkedin offered a new arena to showcase their work history, connect with others having the same problem, join groups to discuss their issues and hopefully get discovered and land a new job and get back to work. I remember what Linkedin was prior to the recession. They’d reach out and ask me to take a look at their site and provide feedback. At the time it offered very little as people where still very bashful about throwing their resume up for public viewing. The idea that your resume could be seen by co-workers and might be misconstrued that you’re looking for a new job could easily land you in hot water with your current employer. The Great Recession changed all that and Linkedin became a place where everyone from the big boss down to the mail-room clerk could post their bio for public consumption.
The negative effect the Linkedin has had on the job market:
Now enter into an economy where employment is up and where actual talent on the sidelines is at an all-time low. Enter a market where economies like LA, San Francisco, San Jose, New York etc have become so expensive to live in that employers in real estate have a tough time competing with each other for talent let alone the reduced cost of living that is now attracting candidates to move to different states. Enter a market where juggernaut meta-job-board websites like Linkedin and Indeed are CONSTANTLY pounding on candidates with opportunities that typically are not attractive and generally irritate the recipients. This relentless bombardment has made most candidates fearful to even think about making a career move. It’s like over-fishing a pond. When there’s too much bait fish stop biting. It also lures candidates into a false sense of security feeling that opportunities will always be abound…which as recent history has taught us is something we cannot take for granted. These sites are making a killing off of their ad revenues but they are also killing the market for solid employers to attract good stable candidates.