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by alephnerd
1260 days ago
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Because HN is basically filled with Boomers at this point, maybe most commentators don't realize that there are different segments of young people. Those who were in the Class of 2020 and above got FUCKED big time hiring wise. Those who were in the Class of 2008-2011 got FUCKED big time hiring wise. Everyone who started their career between 2012-2019 (like me) have had an amazing ride. We could jump companies at the drop of a hat and 1.5x-2x our TC, stocks were constantly rallying, and it is this group that started to enter middle management and/or build startups with YC. And it is this group that has never experienced a real recession. PS. What is happenning in tech right now is nowhere near a recession. I've seen the stress my parents had during the Dot Com Bust and 2008. What's happening right now is nowhere near that bad. |
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I was very lucky to find a new (lower paying) position during that era and the company I joined subsequently barely got through some of the aftermath. But I knew a lot of people from technology companies who basically got out of the industry and, for at least some of them, their careers/finances never really recovered.