This is actually quite scary, we know that the economy is going down. We're just not sure when will it recover
Lowest “Who is hiring?” Post Count in 30 Months
231–240 of 318 posts
Re: Lowest “Who is hiring?” Post Count in 30 Months
#232But shouldn't you wait for the entire month of October before counting that number? Presumably "We're hiring" posts could be added through October 31.
Re: Lowest “Who is hiring?” Post Count in 30 Months
#233I don't know the intention of the author, but I see like a lot of "Look, it's happening! The economy is going down!" posts pop up these days. Which may be true, but it can also be a self-fulfilling profecy if everyone is doing that on all platforms. Which would be a shame. I'm not saying HN and other platforms should censor (/ take action) either. It's just a thought I have on this subject, and I don't know if there…
yes, this has been my joke.
"maybe it won't be a recession. maybe it will be. what i can tell you for sure is that it will be the first of its kind in real-time, full surround, three dimensional, quintophonic social media stereo."
economics is the study of population behavior. remember that.
Re: Lowest “Who is hiring?” Post Count in 30 Months
#234Earlier quoted context omitted.
I'd put taxation in the same bucket as price control because for this to be effective the taxes would need to be on the rich (in effect to drain liquidity) and that's as likely as price control.
I don't disagree with the unlikely nature of new taxes on the rich. That was basically my original point. It is wild that we decided that we would rather go into a recession than tax the rich and I don't understand why there is seemingly no public pushback against this.
There's historic precedence that increasing rates controls inflation. Yes, it's a very blunt and crude instrument. However, when you know this tool works, trying another tool is too risky to experiment with (in case it fails).
Inflation does have the risk of getting out of hand and being even harder to control. The risk analysis is that whatever pain increasing the rates would cause it pales in comparison to having hyperinflation.
As far as the lack of a pushback: My guess is a combination of apathy and the fact that it doesn't affect the average person quite as much as inflation.
Re: Lowest “Who is hiring?” Post Count in 30 Months
#235I don't know the intention of the author, but I see like a lot of "Look, it's happening! The economy is going down!" posts pop up these days. Which may be true, but it can also be a self-fulfilling profecy if everyone is doing that on all platforms. Which would be a shame. I'm not saying HN and other platforms should censor (/ take action) either. It's just a thought I have on this subject, and I don't know if there…
I believe the intent is to share as a possible leading indicator. I don't know the OP's exact reasoning, but I have tracked this data for years at hntrends.com and it was my original thesis that this thread is a leading indicator of the tech job market at a minimum.
Isn't it too early to count the total on October 4th?
Re: Lowest “Who is hiring?” Post Count in 30 Months
#236Has anyone actually gotten much success in either direction (hirer/candidate) from these posts?
Posted a job here once. Got 9 applicants, none of those were hired.
Archive reasons: (4) Underqualified (4) Work Authorization (1) Unresponsive
Re: Lowest “Who is hiring?” Post Count in 30 Months
#237Earlier quoted context omitted.
It is still wild to me that this is the approach we are taking, things are getting too expensive so let's shrink the economy. That can't be the best solution. We are throwing the baby out with the bathwater.
It's the only way we know of to stop greed/fomo running rampant. Folks need to be put in a time-out to cool off and force them to reprioritize. We like to think of the market as this calculated and rational entity. It's far from that, in fact it's closer to the opposite of that. The other option is to do price control, but that won't fly in capitalism.
I wouldn't say its the only way we know, rather its the only politically feasible move. Increasing taxes on the wealthy would arguably be a more effective way to take money out of the economy and wouldn't hurt non-wealthy people as bad, but good luck getting that through congress.
The only party that can act right now is the Fed, and the only move the Fed has in increasing interest rates.
Re: Lowest “Who is hiring?” Post Count in 30 Months
#238Re: Lowest “Who is hiring?” Post Count in 30 Months
#239This is actually quite scary, we know that the economy is going down. We're just not sure when will it recover
>we know that the economy is going down
No, we don't know that. If you do, you'll make quite the killing on the stock market.
Re: Lowest “Who is hiring?” Post Count in 30 Months
#240I don't know the intention of the author, but I see like a lot of "Look, it's happening! The economy is going down!" posts pop up these days. Which may be true, but it can also be a self-fulfilling profecy if everyone is doing that on all platforms. Which would be a shame. I'm not saying HN and other platforms should censor (/ take action) either. It's just a thought I have on this subject, and I don't know if there…
> self-fulfilling profecy
that's not really how it works though, and it should absolutely not be a concern (it's quite common to get a sort of tech-industry tunnel vision while discounting the bigger picture or regional focuses.)
I've always argued that downturns are a natural part of every business cycle and perhaps instead of trying to avoid them, we plan for their inevitable occurrence.