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I think there's a big reckoning coming. Big companies will do fine, in fact they'll probably just get bigger and richer. Anyone who's already poor, close to bro
by brenden2 6y ago
I think there's a big reckoning coming. Big companies will do fine, in fact they'll probably just get bigger and richer. Anyone who's already poor, close to broke, or otherwise in a bad position is going to get hit hard by this.
I know it's a really unpopular opinion right now, but I do think the worst damage from the virus is the economic impact which is going to set millions (maybe even billions) of people back another 10-20 years. Simultaneously, rich people will just build an even bigger moat between themselves and the poor.
I think the biggest risk to rich people (and they know this) at the moment is that poor people finally decide to fight back against feudalism and we go through a new cycle of political upheaval ("new world order" type thing[0]). This is something Ray Dalio talks about a lot if you follow his writings/talks.
[0]: https://en.wikipedia.org/wiki/New_world_order_(politics) https://en.wikipedia.org/wiki/New_world_order_(politics)
- scarface74 6y agoI’ve never wanted to work for $BigTech. But the market and salary for senior software engineers collapsed locally and I don’t see it coming back. I still have a job. But, we did have an across the board pay cut. I have an interview this week with one of the major tech companies. It’s not a software engineering position. But it is tech adjacent. They are the only companies that have the cash to afford to pay the wages I want.