• 0 Posts
  • 121 Comments
Joined 2 years ago
cake
Cake day: June 14th, 2023

help-circle












  • No. In the US at least, wages are up for blue collar work, and that’s where the economy was most vulnerable. Inflation has been bad but it’s coming back under control and wages can outpace it in the next couple years, median wage growth already has (yes I have a hard time believing this too, but that’s the numbers).

    The last financial crisis had a flagrant cause in default-prone loans. There isn’t such a problem right now.

    The largest crisis we are running into is a crisis of propaganda, where people are being told “everything is terrible” when in fact the numbers show that everything is pretty great… except for white collar tech workers (me!).

    I think the tech market will rebound the second that the fed lowers rates again, because tech is fundamentally capital intensive and speculative. So you need cheap money to fuel tech. Video games deflated/corrected a bit but that’s fine, those people can work on other things.




  • I hear you, but I disagree. My people are great at slacking me or each other when they need stuff. We have a great collaborative atmosphere. They set up meetings with each other and with me as needed, and I’ve heard over and over that they really like that. I have weekly 1:1 meetings with each of them, and usually we hang up after 15 minutes because they know what they’re doing and can get back to it.