2 ms·
My initial reaction would be "of course not". When the rest of the economy is in a tailspin, why would tech somehow be different? But here's the thing - we (t
by geebee 18y ago
My initial reaction would be "of course not". When the rest of the economy is in a tailspin, why would tech somehow be different?
But here's the thing - we (the tech world) took a brutal recession in the early 2000s to shake off the excesses of the dot com bubble. Many people believe that Fed managed to avoid the dot com bubble reckoning by creating a new, and even more dangerous, bubble in housing.
It did seem that way. While hundreds of thousands of people (including good programmers) lost their jobs, housing prices kept climbing, and consumer spending kept humming along, even increasing.
So in some ways, I wonder if maybe the rest of the economy is experiencing the reckoning that tech has already been through.
I have trouble believing that high tech won't be negatively affected by the economic troubles, but it may be much better off than other sectors of the economy.