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Market is the worst it has ever been, at least in the last 10 years but even before because now supply significantly outnumbers demand. Most people on LinkedIn

Market is the worst it has ever been, at least in the last 10 years but even before because now supply significantly outnumbers demand. Most people on LinkedIn have a green badge. The economy is doomed. Keep rising interest rates to the sky.

k99x55 3y ago
Everything is collapsing except bitcoin.
bb88 3y ago
The economy cycles between greed and fear, without any room in the middle for stability. All of economics is group psychology. 2000/2001, 2008, 2020 and others were bad years and growth eventually happened. But even The Great Depression lifted eventually. If I had a choice, I would choose gentle growth rather than boom years and bust years.
coffeebeqn 3y ago
How long have you been in the software market? 2008 was terrible and dot com for a while was also a death knell. If anything the last 15 years have been absolutely amazing for working in software
- mech422 3y ago
  yeah - its hard to remember how many people out there haven't seen a 'down' market before. 2008 was literally 16 years ago... Anyway, I'll take today's economy over the dot com bust, the early 2000 off-shoring craze, and 2008 recession..
  - ecoquant 3y ago
    Nasdaq returns by year 2002 -37.58 2001 -32.65 2000 -36.84 The people that think this is bad, can't imagine what 2002 was like when the all time high in the Nasdaq was a few days ago. Hate to break it to everyone but the good times are right now. The next decade we should see a massive deflationary force from software being so much cheaper to create.
rhelz 3y ago
> The economy is doomed. chuckle the economy is not doomed. Of course there's green badges on linked in, its not tik-tok, if you are on LinkedIn, you are probably there to look for a job. It seems like the sky is falling, but it's only tough in a few sectors of the economy. Unemployment is at historically low rates. We're not used to this kind of turbulence, because historically it has be us who have replaced employees with automation, but eventually, what goes around comes around.
- pylua 3y ago
  Honestly, do people really believe the unemployment rates, or take them at face value? The real rate of employment is much worse. Not to mention that pay has not kept up with inflation. What would the employment rate look like if it had? Many low paying jobs are being created and since pay has not kept up it is barely a living wage.
  - rhelz 3y ago
    > do people really believe the unemployment rates.... When the government measures what it calls the unemployment rate, you might wish that it were measuring what you call the unemployment rate, vs. what it calls the unemployment rate. But at least the government's definition of the unemployment rate hasn't changed, and each time they measure it they are measuring the same thing. So, even if you doubt the absolute number, you can still have confidence that if you can compare the current number with past numbers, you will get a reliable reading on whether things are moving in the right direction or not. AS I said, high-tech is not used to facing this--it was us who were automating thing, and letting businesses do more with fewer people. Now its finally come around to us, and it sucks, but its nothing everybody else hasn't faced since the beginning of the industrial age.
    - pylua 3y ago
      If purchasing power and minimum wage had kept up to pace then unemployment would not be so low. Though the numbers mean the same they have been artificially influenced by other factors and the ability to measure the economy through unemployment has been nerfed. Not to mention attrition is higher than the past so the jobs that are being created could be largely recycled.

k99x55 3y ago

Everything is collapsing except bitcoin.

bb88 3y ago

The economy cycles between greed and fear, without any room in the middle for stability. All of economics is group psychology. 2000/2001, 2008, 2020 and others were bad years and growth eventually happened. But even The Great Depression lifted eventually. If I had a choice, I would choose gentle growth rather than boom years and bust years.

coffeebeqn 3y ago

How long have you been in the software market? 2008 was terrible and dot com for a while was also a death knell. If anything the last 15 years have been absolutely amazing for working in software

mech422 3y ago
yeah - its hard to remember how many people out there haven't seen a 'down' market before. 2008 was literally 16 years ago... Anyway, I'll take today's economy over the dot com bust, the early 2000 off-shoring craze, and 2008 recession..
- ecoquant 3y ago
  Nasdaq returns by year 2002 -37.58 2001 -32.65 2000 -36.84 The people that think this is bad, can't imagine what 2002 was like when the all time high in the Nasdaq was a few days ago. Hate to break it to everyone but the good times are right now. The next decade we should see a massive deflationary force from software being so much cheaper to create.

rhelz 3y ago

> The economy is doomed. chuckle the economy is not doomed. Of course there's green badges on linked in, its not tik-tok, if you are on LinkedIn, you are probably there to look for a job. It seems like the sky is falling, but it's only tough in a few sectors of the economy. Unemployment is at historically low rates. We're not used to this kind of turbulence, because historically it has be us who have replaced employees with automation, but eventually, what goes around comes around.

pylua 3y ago
Honestly, do people really believe the unemployment rates, or take them at face value? The real rate of employment is much worse. Not to mention that pay has not kept up with inflation. What would the employment rate look like if it had? Many low paying jobs are being created and since pay has not kept up it is barely a living wage.
- rhelz 3y ago
  > do people really believe the unemployment rates.... When the government measures what it calls the unemployment rate, you might wish that it were measuring what you call the unemployment rate, vs. what it calls the unemployment rate. But at least the government's definition of the unemployment rate hasn't changed, and each time they measure it they are measuring the same thing. So, even if you doubt the absolute number, you can still have confidence that if you can compare the current number with past numbers, you will get a reliable reading on whether things are moving in the right direction or not. AS I said, high-tech is not used to facing this--it was us who were automating thing, and letting businesses do more with fewer people. Now its finally come around to us, and it sucks, but its nothing everybody else hasn't faced since the beginning of the industrial age.
  - pylua 3y ago
    If purchasing power and minimum wage had kept up to pace then unemployment would not be so low. Though the numbers mean the same they have been artificially influenced by other factors and the ability to measure the economy through unemployment has been nerfed. Not to mention attrition is higher than the past so the jobs that are being created could be largely recycled.