> The more than 400,000 tech workers who have been laid off since 2022 are a clear reflection of wage suppression in the industry,
IMO, they are a clearer reflection of the fact that the industry has lots of jobs that are tied to remote future payoff and dependent on financing outside of operations, and that tighter money policies reduced the flow of investment into the broad industry (outside of the AI segment), cutting a lot of those jobs.
IMO, they are a clearer reflection of the fact that the industry has lots of jobs that are tied to remote future payoff and dependent on financing outside of operations, and that tighter money policies reduced the flow of investment into the broad industry (outside of the AI segment), cutting a lot of those jobs.