4 ms·

We are in a downward cycle for Software right now. Are higher interest rates a precipitating factor at the moment? Sure, but there are others as well including

We are in a downward cycle for Software right now. Are higher interest rates a precipitating factor at the moment? Sure, but there are others as well including the COVID bubble etc.. Our industry was bound for a correction. That said, interest rates alone do not predict a tough market for software engineers since the majority of the .com bubble in the 90's saw 5% percent interest rates.

ejb999 3y ago
The difference is, the 5% interest rates in the 90's seemed low, because we had been on a steady slide for 10-15 years from rates much higher, so they seemed low at the time. Now a 5% interest rate seems high, since people were used to the ZIRP.