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I find this to be allegorical to "housing prices will never go down, and the demand will only increase over time". Imagine some big tech companies go down from
by taurath 9y ago
I find this to be allegorical to "housing prices will never go down, and the demand will only increase over time".
Imagine some big tech companies go down from some fundamental shift - suddenly there are floods of coders on the market. Its the most common job in many states, and growing. The housing market can crash - the tech sector (as we know it) can crash.
- afpx 9y agoI agree - I think it will crash. But, like real estate or stock market bubble, it will be a correction. Companies will fire people. Wages will go down. There will be pain. Lower wages will allow more people to be hired, with less stress, more work-life balance. Many people will leave the industry because they were just in it for the money. Companies will have larger teams of more passionat people. Those people will collaborate. The innovators will then have more time to innovate. New companies and tech will be created. And, the cycle will continue.