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We didn't go through a recession nationally or globally but there has definitely been a micro tech recession as the VC valuation bubble burst. Its a good thing
by cm2012 3y ago
We didn't go through a recession nationally or globally but there has definitely been a micro tech recession as the VC valuation bubble burst.
Its a good thing though, it means tech and normie salaries will converge. Economic data says post-covid the bottom 25% of society has had the biggest salary gains.
- datavirtue 3y agoWhich was pennies and thirty years too late. Hence, why the salary increases are just barely keeping thier noses above water. Sprinkle in the creeping erosion and you have people going under unexpectedly. Auto repairs are billed at $140 an hour--doesn't matter if its a brake job or a CAN BUS nightmare. Automobile quality has nose-dived as their costs have increased dramatically. The people at the lower end of pay scales cannot afford automotive transportation at all. They are going under just from that.
- cm2012 3y agoWhat a downer comment. If we never celebrate wins, what's the point? Life has sucked since the dawn of time, its only through the stride of civilization that people have hope of better lives now.