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The US tech industry will still be in a recession. The war against Chinese offshoring will work, but at the cost of thousands of jobs in the American tech labor
by talldayo 2y ago
The US tech industry will still be in a recession. The war against Chinese offshoring will work, but at the cost of thousands of jobs in the American tech labor industry. American businesses will become more frugal as a result and invest heavily in lobbying and future defense against the DOJ. Software startups will become more popular and less successful, hardware startups will begin waning as investors lose appetite for high-margin, high-risk entrepreneurship. ZIRP will make a return as the US realizes this, but investors will fuel a liquidity crisis that dissolves most struggling businesses.
2027 will be a more concentrated tech market with fewer small players and more money going toward "sure thing" investments in businesses with a clean track record that are too big to fail. This would be great for established high-risk brands like Tesla, provide plausible deniability for economists that only wanted to put America first, and likely crush most chances for small businesses to compete. Assuming the Trump administration intentionally gimps the DOJ (I mean, why wouldn't they?), America will be at the whims of it's own wily market.