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> FAANGs firing, fast food hiring. Is there a real insight to be had here? Or is this a blip (no offense to folks who lost jobs) that will soon be covered by o
by Melting_Harps 4y ago
> FAANGs firing, fast food hiring. Is there a real insight to be had here? Or is this a blip (no offense to folks who lost jobs) that will soon be covered by other economic events?
It's no different than in 2008 when you had a glut of STEM and non-stem workers all being coaxed into hospitality and retail after promises of social mobility and incurring large debts, where sadly most have remained despite having a college/university degree. It's the unpayable debt, low to no wage growth and the frustration and apathy that festers that should be he bigger worry, because Gen Z really doesn't care what happens to the World after what they saw us millennials go through.
I think this will impact many, but just ike in 2008, most will be forgotten and wonder why the homeless problem just keeps getting worse in SV and sheepishly go about their day in their coddled bubble as they had before.