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Thanks for pointing this out - title is extremely misleading. Total tech jobs is not lower than 2008 just because YoY is down.
by causal 7mo ago
Thanks for pointing this out - title is extremely misleading. Total tech jobs is not lower than 2008 just because YoY is down.
- OJFord 7mo agoGeneral media, news, etc. gets this wrong all the time, see any commentary on inflation, GDP growth, rate of change in house prices, etc.
- abustamam 7mo agoAs an aside, I remember some time ago that Tesla stock went down because the growth of the Model 3 sales went down... After years of being one of the best selling cars on the planet. If number don't go up fast I guess people get scared.
- lambertsimnel 7mo agoIt could have been that so much future growth was priced in that a reduction in the growth rate could have justified a reduction in the share price
- abustamam 7mo agoI didn't think of that! That's certainly possible.
- gloryjulio 7mo agoThe issue is the company's valuation has priced in ridiculous growth in the future. The trajectory matters here. Not saying you should short the stock
- wavemode 7mo agoNo, the title is not misleading at all - your comment is misleading. Total tech jobs being up doesn't tell us anything, since there are also way more tech workers now than back then. Over 100K people graduate in CS/IT per year, and that doesn't even count people who come in to the industry from overseas or from other degree paths.
- causal 7mo ago"Tech employment now significantly worse than the 2008 or 2020" says the unemployment rate is higher today than in 2008 and 2020, but that is NOT what the chart shows.