Why Are Coding Bootcamps Going Out of Business?

Reblogged from Hack Education

Within the past week, two well-known and well-established coding bootcamps have announced they’ll be closing their doors: Dev Bootcamp, owned by Kaplan Inc., and The Iron Yard, owned by the Apollo Education Group (parent company of the University of Phoenix). Two closures might not make a trend… yet. But some industry observers have suggested we might see more “consolidation” in the coming months.

It appears that there are simply more coding bootcamps – almost 100 across the US and Canada – than there are students looking to learn to code. (That is to say, there are more coding bootcamps than there are people looking to pay, on average, $11,000 for 12 weeks of intensive training in a programming language or framework).

All this runs counter, of course, to the pervasive belief in a “skills gap” – that there aren’t enough qualified programmers to fill all the programming jobs out there, and that as such, folks looking for work should jump at the chance to pay for tuition at a bootcamp. Code.org and other industry groups have suggested that there are currently some 500,000 unfilled computing jobs, for example. But that number is more invention than reality, a statistic used to further a particular narrative about the failure of schools to offer adequate technical training. That 500,000 figure, incidentally, comes from a Bureau of Labor Statistics projection about the number of computing and IT jobs that will added to the US economy by 2024, not the number of jobs that are available – filled or unfilled – today.

Perhaps instead of “everyone should learn to code,” we should push for everyone to learn how to read the BLS jobs report.

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