> This is how things started in 2007, anecdotally. The ladder got pulled up earlier in the year, and then right around the holiday season everything fell apart.

> This is how things started in 2007, anecdotally. The ladder got pulled up earlier in the year, and then right around the holiday season everything fell apart. It took a good 2-3 years for everything to recover, but in that time salaries were down roughly 20-30%. Yes. It really sucks for new graduates and entry-level because all of a sudden you are competing with people with years of experience for the same salary and position. Also importantly, the consequences of graduating into a recession can be quite lasting. Based on research going into the last recession ('08), it takes up to 10 for the effects to disappear[1]. And if your base case is the last couple of years in software - well it seems likely that was a huge bubble that won't be replicated any time soon. --- [1] https://www.nber.org/digest/nov06/career-effects-graduating-recession https://www.nber.org/digest/nov06/career-effects-graduating-...