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Why would it? Bank trading never recovered to the "glory days" of the 00s. Don't work in tech, but I definitely don't see the junior market recovering to what
by mamonster 2y ago
Why would it?
Bank trading never recovered to the "glory days" of the 00s.
Don't work in tech, but I definitely don't see the junior market recovering to what it was pre-2020 and for mature devs its probably "high pay for $BIGCORP but you're in the office" or "WFH for a startup for bad cash pay and equity roulette" for the foreseeable future.
- chaosist 2y agoI don't work in tech either and completely agree. These processes aren't cyclical, they are non-ergodic, one off regimes that once we visit a specific regime, we will not return to that regime. As someone who has done quite a bit of t-bill and chill investing this regime, I don't see how we can afford to lower interest rates anywhere near like we did the last decade. I am good with 50 bps but it can only go so low this time to keep US government debt attractive. Then I think of how I could have been a really shitty front end React developer circa 2019. There is no way I could ever get a job doing that now when I see what I can do with Cursor/Sonnet as the same shitty React dev.