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Folks who were around during the tech bubble and during 2007/08, how bad the current market is compared to those two periods?
by mr90210 3y ago
Folks who were around during the tech bubble and during 2007/08, how bad the current market is compared to those two periods?
- game_the0ry 3y agoI graduated college in 2007/2008. Things were worse back then. Nowadays, you could apply to 30 jobs in a day. Back then, there weren't even 30 jobs, maybe like 2 new ones every month. I am going to sounds like a grumpy old timer, but I don't care... I see far too many young people on social media complaining about how hard it is to find a job now, but at least you can post a tik Tok about it and potentially go viral and maybe even score a brand deal [1]. I remember applying to Target and Starbucks, and then never hearing back, so I have been there, done that. I did not get a job with health insurance until I was 25, which was also when I was finally able to move out of my parents' house. This happens every 8-10 years. Nothing really new, expect this time was not as bad as 2007/2008. Back then, almost all companies had mass layoffs all at once. Today, they come in coordinated waves. [1] https://www.yahoo.com/lifestyle/gen-z-tiktoker-goes-viral-210324569.html https://www.yahoo.com/lifestyle/gen-z-tiktoker-goes-viral-21...
- rc_hackernews 3y agoGraduated in 2008 right in the middle of the mortgage crisis. It was really bad, but I was fresh out of college and had no experience. Took me about 10 months to find a job in that market. The market is definitely rough, but I wouldn’t say it’s that bad yet.