[akiselev]

I'm more worried about tech losing its status as investment of last resort. Who knows how much of the industry is propped up by the flood of easy capital in the last few decades. We just watched all that capital dry up with everyone's liquidity.

Software engineering already went through a wave of offshoring in the 2000s and the whiplash from that was enough to make many a freelancer/agency/startup rich. We learned that many knowledge and service jobs can't economically be offshored because the benefits of locality (whether thats due to the trust from face to face interaction, efficiency of communication, etc, depends on the field) far outweighs the extra cost.

[throw51319]

I could see aggregate investment in tech go down, but relative investment no way. Automating all processes with technology gives benefit in all industries. Our skills will be lucrative (relatively speaking) until they figure out how to automate the building of somewhat complex systems.

[throwaway3563]

> tech losing its status as investment of last resort

What do you mean by this? Investment in tech companies by retail/institutional investors, or investment by companies in their own proprietary tech?