Except for a brief spike as the Fed tried to coral the housing bubble, we’ve had CRAZY low rates for 20 years. https://fred.stlouisfed.org/series/FEDFUNDS http

Except for a brief spike as the Fed tried to coral the housing bubble, we’ve had CRAZY low rates for 20 years. https://fred.stlouisfed.org/series/FEDFUNDS https://fred.stlouisfed.org/series/FEDFUNDS A big part of that was inflation was bottled up by basically outsourcing manufacturing to low labor cost China, but that effect is declining for a variety of reasons. Inflation has been stubborn and even with higher rates the economy is roaring, so higher rates may persist and be a drag on tech employment.