People should look on the bright side.
The dot-com crash was brutal. Brighter days followed.
The dot-com crash was brutal. Brighter days followed.
BUT, performance goes through boom and bust cycles. It is not unique to the tech industry. Hence the ant saves during times of plenty.
New things will pop up and current things will pick up as well. It is cyclic.
The dotcom crash, 9/11, 2008, covid, and that's just since 2000. So when I read that now it is really over I can't help but chuckle a little bit.
https://fred.stlouisfed.org/series/FEDFUNDS
A big part of that was inflation was bottled up by basically outsourcing manufacturing to low labor cost China, but that effect is declining for a variety of reasons.
Inflation has been stubborn and even with higher rates the economy is roaring, so higher rates may persist and be a drag on tech employment.
Rates were the same or higher during the dotcom boom. I don't think they impact VC that much and companies are still getting massive funding rounds.
You end up needing to make calls to the AI a tremendous amount compared to when you query it yourself and do work in between responses.
If single shot results improve dramatically then some glue and scaffolding might be able to be removed. I think that’s one thing we won’t see particularly fast improvements on in spaces like software engineering, though.
Of course despite leaning on compute more than people think, it’s probably still orders of magnitude cheaper than a developer. But what’s the quality like? Devin still only succeeds less than 15% of the time. Reaching even 25% without significantly increasing compute and complexity is probably still quite far off, even with the steady advances we’ve been seeing.
I also wonder if the recent layoffs have affected the market for childcare. I definitely know some tech folks who are at home with their kids now.
Perhaps that’s because we live in SV, where housing is expensive, but I’d again assert that “most” daycares do not cost more than the rent/mortgage payments of the families that go there.
Our base rate (in Menlo Park) was around $1,500/mo, but if you added extra hours (past 1 or 2p) then it was more. Presumably someone who is laid off and wants to hold their spot would stick to the minimum hours both for cost reasons and so they could spend more time with their baby/kid.
Out of curiosity, what do mortgages cost for families who attend these daycares?
I do, however, always live below my means, save, and invest. I have never saved less than 30% of my salary. You have to do this long term, meaning 15 to 20 years+. Many people don't have the temperament to do this.
https://www.npr.org/sections/money/2015/02/05/382664837/map-...
I have to wonder if that survey was taken during the government shutdown when even was furloughed??
Why are you bringing up non-tech companies in this thread?