Yup, market corrections are not scalpels, when they happen they cull the weak but they certainly take out a bunch of companies that would thrive if they had a c

Yup, market corrections are not scalpels, when they happen they cull the weak but they certainly take out a bunch of companies that would thrive if they had a chance, but due to the time they needed to incubate happening to overlap the retraction they just don't have that time. Likewise the resulting contraction in the job market can impact even very talented developers, contrary to the widely held opinion that as long as you're a talented developer you'll be okay in the job market. Saw this happen a bunch in the last go-round in 1999/2000. Once everyone goes into panic mode and starts the cycle of layoffs and hiring freezes if you happen to be a talented developer left out in the cold of the musical chairs that occurs when the market starts shrinking, you could be in for a really bumpy ride for a bit (hopefully you have some savings) before the stronger, still-alive companies loosen the purse strings enough to start bringing new people back on-board. I'm not suggesting this sort of cleansing isn't a good thing for the industry over all, in a lot of ways it probably is, but it brings with it too much potentially life-altering collateral damage to individuals for me to be very rah-rah about it.