Too much unproductive money was dumped into the industry during the pandemic. This was a monetary policy to keep the world employed and paying bills; tech and g

Too much unproductive money was dumped into the industry during the pandemic. This was a monetary policy to keep the world employed and paying bills; tech and gaming and media had a rally because of the remote, online world we were forced into—many people believed society would change forever to be more remote and online. Because this money printing and investing didn’t produce sustainable results, the businesses can’t afford to carry the payroll they hired with the invested capital. So the bubble popped and layoffs are one of many negative consequences from having the distortion of the pandemic. Another consequence for instance is that people don’t necessarily know if they were good or bad at their jobs during this time because cash flow was disconnected from productive value; and I think that is a shame because it will mess up a lot of people for years. ps. The tech rally had actually begun in 2016. It got supercharged in 2020. It’s unclear where things will settle.