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The current situation is absolutely nowhere near a recession. That being said, recessions are measured in very aggregate terms. In aggregate, the US and world e
by tootie 3y ago
The current situation is absolutely nowhere near a recession. That being said, recessions are measured in very aggregate terms. In aggregate, the US and world economists are in a boom by any broad measures. But during a boom, some sectors or regions can be doing much worse than everyone else. I'm honestly not even sure tech is in much of a downturn. We've just gotten used to extreme boom times and this is now just kinda mediocre.
- twojobsoneboss 3y agoIt’s definitely a recession for US based tech workers
- tootie 3y agoI really, really don't think so. Not in absolute terms. A lot of people got used to life on easy street with remote work and sky-high salaries. I think that has made a lot of software people complacent and picky. If you want a job, any job to put a roof over your head, it's still easier than the national average and the national average is also really, really good. The current data says the unemployment rate for software engineers is just 2.4% which would probably still qualify as a labor shortage. https://www.comptia.org/newsroom/press-releases/tech-industry-employment-grows-for-second-straight-month-job-postings-for-future-hiring-rebound-comptia-analysis-reveals https://www.comptia.org/newsroom/press-releases/tech-industr...
- asynchronous 3y agoIf this isn’t a recession I fear it’s just the new normal of being an employee in the modern world. Tech stocks have literally never been higher and yet they continue to lay off % of staff. Ridiculous.