I'm inclined to agree, but for some reason the theory that "developer jobs are scarce because interest rates" has been repeated often lately. I'm not sure why p

I'm inclined to agree, but for some reason the theory that "developer jobs are scarce because interest rates" has been repeated often lately. I'm not sure why people find it so compelling. I live in a city dominated by non-tech Fortune 500s (i.e., not VC start-ups) who traditionally hire lots of devs but this year not so much.