Maybe because, I dunno, tech is not the whole economy, you self absorbed tech bro dumbasses??
this post was submitted on 04 Feb 2024
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The U.S. economy is booming. So why are tech companies laying off workers?
(www.washingtonpost.com)
Blame AI and share prices.
Tech is a cost center (in most cases) not a revenue center so despite us being an invaluable resource, IT jobs are generally the first cut when investors need to be paid
I wonder if it isn't a symptom of things going from high competition environment between new internet services and older stuff like cable to more established systems of revenue which don't have as much incentive to compete for workers or market share. So maybe that's the end result of approaching monopoly.
Greed
Holy fuckballs. The economic illiteracy in this thread is shocking. We need civics and economics taught in highschool.