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> How do you prove that software development is a bubble? By looking at the software development market. How else would you do it? Salaries rose sharply from 2
by 9rx 11mo ago
> How do you prove that software development is a bubble?
By looking at the software development market. How else would you do it? Salaries rose sharply from 2020-2023, but then plateaued and are now starting to decline. Slowly, however. It did not crash. It ticks the boxes: Rapid price appreciation, speculation, a disconnect from fundamentals, widespread media attention, and an eventual correction.
> Stock prices are at all time high and continuously growing.
If we're sharing random facts: Global average temperature is also at an all time high and continuously increasing.
- simianwords 11mo ago1. the labour market has not much to do with whether it is a bubble or not 2. definition of bubble is that the market cap must precipitously reduce, which it hasn't.
- 9rx 11mo ago> the labour market has not much to do with whether it is a bubble or not How can the very market we're talking about not indicate whether there is a bubble in that market or not? Do you think we should be looking at the price of soybeans instead? > definition of bubble is that the market cap must precipitously reduce, which it hasn't. Incorrect. It has, just not by very much. Which isn't surprising as we already established that there wasn't a crash.
- simianwords 11mo agoWhat is your definition of bubble then? If not by market cap?
- 9rx 11mo agoWhy read comments in isolation? We already went over this: - Rapid price appreciation - Speculation - A disconnect from fundamentals - Widespread media attention - An eventual correction If market cap, how do you explain housing bubbles? Market cap is not applicable to housing.
- simianwords 11mo agoof course market cap of housing went down! individual houses fell down in price. that didn't happen for tech stocks. you are making your own definitions of bubble - the sufficient thing to happen is for the market cap to go down precipetously which it didnt.
- 9rx 11mo ago> of course market cap of housing went down! individual houses fell down in price. Traditionally, market cap only refers to companies. I accept your pet definition that includes any kind of market, but then we can apply it to the software development market just the same. Individual software developers have fallen in price. There was not a significant drop, but a slow decline. > that didn't happen for tech stocks. Nor gold. But what does that have to do with the software development market? Are you under the impression that stock certificates write code?