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Right, but what will be the catalyst that stops jobs growing? And would it necessarily be uniform to all geographic areas? The housing crisis was unique in tha
by shostack 10y ago
Right, but what will be the catalyst that stops jobs growing? And would it necessarily be uniform to all geographic areas?
The housing crisis was unique in that it impacted people across the nation. Likewise with the dotcom bust since that was all about the public markets.
What would have a similar effect today? If tech jobs are killing other jobs/industries, wouldn't that lead to a situation where the tech market is still really strong with jobs, but other areas decline (and thus housing prices may stay the same in say, the Bay Area, but decline in another impacted area)?
Just trying to extrapolate things out. Yes obviously if jobs stopped growing everywhere at once, things would crash. But what would cause that? It seems more likely that they would stop growing at different rates, and some may even grow more as a result. As such, we might see more weird fluctuations in the markets, but that isn't a popping event per se.