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Taking into account the fast acceleration of AI development. Expansion into India and other countries. And a myriad of other reasons. Will the US job market ever recover? TC: 0 Looking For Work (Manager or IC) #tech #job
The US market had very similar characteristics at 2008 and by 2011/12 it was back. It will take time. It has begun just last year. By 2026/27 it will be back.
The hyper growth companies of today will become the IBM”s of tomorrow.
Michael Scott has the answer for you: https://youtu.be/Ih-y_ikCvHw?feature=shared
Look at all these optimists! I bet none have ever been through a major economic crisis in their life. If you think things are bad now, they can get way worse. (Same applies the other way around)
Sure it will recover, but it will unlikely to be the covid hyper growth market ever again.
Once interest rate cuts start things will get better again
Be aware, rate cuts take much longer than a rate hike unless there’s a black swan event.
What do you mean by recover? Back to 2022? Never. Even 2018-2020, unlikely…very likely we go back to early 2010s market tho (2012-2016ish)
Did I totally miss some big windfall or something? I barely noticed a difference in my earnings between 2012-2019 vs 2020-2022. People are talking about those two years like they were the golden times. My earnings were barely changed.
Only if you switched jobs or lucked out with a company whose stock price skyrocketed.
Nah we doomed.
No, it will never ever recover and the country will slip into the sea… why do people think a trend is forever
The hyper growth is over. It was a good 12-13 year run tbh. These big companies are big enough they don’t have to be nice anymore. They will hire and fire. Plenty of people will line up. Fired? We will rehire you in 6 months, and 50% of them will return to daddy Zuck and Lord Sundar without skipping a meal!