Reading the tweets it seems like he’s pulling a sleight-of-hand. He’s describing the cost of capital for startups, then describing the effects of a weaker marke

Reading the tweets it seems like he’s pulling a sleight-of-hand. He’s describing the cost of capital for startups, then describing the effects of a weaker market for software engineers. Those are two separate things, but he doesn’t bother to prove there’s a correlation between the two. High burn rate startups are not the marginal buyer of software labor, their inability to budget does not need have any impact on the job market for engineers. In fact, their cost constraints make it more likely they’ll try to compete more on culture type benefits like wfh where they cannot outbid competing firms.