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Well, tech is really well paid, and tech workers tend to spend a lot of money buying things. Considering consumer spending is almost 70% of US GDP, when people
by cbanek 7y ago
Well, tech is really well paid, and tech workers tend to spend a lot of money buying things. Considering consumer spending is almost 70% of US GDP, when people lose jobs (especially good high paying ones), other industries tend to suffer. This can start a downward spiral.
https://www.thebalance.com/consumer-spending-trends-and-current-statistics-3305916 https://www.thebalance.com/consumer-spending-trends-and-curr...