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A lot of people in tech are cheering for tech crash without knowing the consequences. Next crash will bring recession which lasts until the end of Trump adminis
by gsky 1y ago
A lot of people in tech are cheering for tech crash without knowing the consequences. Next crash will bring recession which lasts until the end of Trump administration given that he will never listen to experts. Most engineers will loose jobs and will replaced by new grads when the economy recovers.
Tech industry keeps this economy going. Everyone should thank all those AI investments
- laughingcurve 1y agoIt’s wild watching the supposedly most tech savvy place on the internet devolve into gnashing of teeth and wailing over development and progress. Hacker News? More like Grognard Complaints
- disgruntledphd2 1y agoDevolve? People have been complaining about tech valuations and asset prices for the 12+ years I've been here.
- renewiltord 1y agoI've seen it happen numerous times. Everyone cheers the idea of "we need a crash, everything is overvalued" and then when it happens "the billionaires are doing this to us". It's just words. These are just the barnacles of society who are along for the ride.
- Herring 1y agoThat's what banal evil looks like: shallow, clueless, greedy.
- bgwalter 1y agoAt the end of 2023 the Nasdaq 100 was 15000, now it is 24200. The economy was better in 2023, before this "AI" nonsense and all the layoffs began. The bubble is more isolated than in 2000. If "AI" crashes, tech companies might focus on real progress again. At the beginning of 2019 the Nasdaq was at 6000 and the economy was even better, with ample jobs in the tech sector.
- deleted 1y ago[deleted]