[code4tee]

What’s happening now is very analogous to the 2000 dot.com crash. The economy overall will recover, albeit slowly. However companies are questioning why they need 100 engineers instead of 50. That doesn’t just reverse itself overnight. As the OP said those that weren’t around the last time might find it hard to believe that tech jobs really just disappear for years.

[corporateslave5]

No it’s not. The fed printed so much money and dropped rates so low, there’s a massive excess of capital looking for business opportunities. Monetary policy is what is driving the economy, and it’s making this bubble bigger than ever. You can’t ignore economics and cheap money. We will have ten more we work like companies.

[orky56]

Rates are low now but it will take time for this to get reflected in VC/PE/corporate dollars to invest. The addressable market of consumers/enterprises that are willing to spend money on non-essential products/services is down and will drop further since budgets are being tightened and fat is being cut. The 2008 unicorns that were born out of the last recession had to provide oversized returns to investors based on them addressing needs well beyond what cash-strapped consumers/enterprises were willing to spend on. We're in for a ride.

[corporateslave5]

Not really. You are underestimating the magnitude of money injected into assets.