This has more to do with mismatch between demand for (in coveted companies) and supply of tech labor than interest rates. Supply of tech labor has exploded in t

This has more to do with mismatch between demand for (in coveted companies) and supply of tech labor than interest rates. Supply of tech labor has exploded in the recent past (I saw somewhere Stanford’s engg school composition: 800+ CS entering class vs 16 civil engg!). A case in point is Wall St. The demand for the few front office analyst jobs at bulge bracket investment banks greatly outstrips the supply regardless of the interest rate regime. This frequently shows up in the form of outrageous selection process.