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For a lot of people who hang out here, this amounts to baseless FUD.

Technology is not going to contract any time soon. Quite the opposite. It's also really hard to build and distribute technology products well. Good software engineers and tech sector employees will continue to be in high demand for quite a while.

There might be an interim period of depressed income but that will also likely correlate with reductions in cost of living, as a consequence of the same macro factors. The key is that a good technology employee making wise career choices will continue to be able to live somewhere towards the front of the standard-of-living curve.

What might be lost for a while are some of the more extreme tail outcomes (in the many millions of $s) that had become a bit too easily realized in this latest iteration of frothy tech bubbles. Not a big deal. Most of us won't notice any difference.