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How can you call it a leading indicator of the tech job market when it is a tech job market?
by whatshisface 4y ago
How can you call it a leading indicator of the tech job market when it is a tech job market?
- zdragnar 4y agoIt is a pretty narrow segment of a much larger market, presumably.
- whatshisface 4y ago"Startups quit hiring first," sounds like a leading indicator on the surface, but if you think about it that also means that they will stop hiring during smaller dips that later pick back up. Every big dip has to do through the smaller dip state, but since plenty of smaller dips recover it is still a martingale - unless it isn't, but if it isn't that's the cause of my surprise.
- hn_throwaway_99 4y agoThat's basically true of all "leading indicators", and is summarized in the popular joke that "Economists have predicted 8 of the last 5 recessions".
- TedDoesntTalk 4y agoYeah, there are literally thousands of tech companies that don’t use HN.
- Jiocus 4y agoNot the author but I would assume they mean that "Who is hiring" was indicative of the job market outside the HN thread itself, in a macro-perspective.
- mountaineer 4y agoLeading indicator of the (overall) tech job market is a better way to put it. The job postings in The Who Is Hiring? threads are a small sliver of the overall industry.