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Where have all the sacked tech workers gone?

economist.com

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Re: Where have all the sacked tech workers gone?

#2
https://archive.is/nUklO

TLDR:

* most of the workers being laid off are not engineers

* the laid off engineers are either being hired by “old school” industries like John Deere or carmakers or are creating new startups, many around generative AI.

Honestly am impressed at how wasteful such articles are in how little content they actually contain.

Re: Where have all the sacked tech workers gone?

#3
post #2

https://archive.is/nUklO TLDR: * most of the workers being laid off are not engineers * the laid off engineers are either being hired by “old school” industries like John Deere or carmakers or are creating new startups, many around generative AI. Honestly am impressed at how wasteful such articles are in how little content they actually contain.

While agree with your premise usually, this article was actually pretty concise compared to most of what I try to read online these days.

Re: Where have all the sacked tech workers gone?

#5
post #2

https://archive.is/nUklO TLDR: * most of the workers being laid off are not engineers * the laid off engineers are either being hired by “old school” industries like John Deere or carmakers or are creating new startups, many around generative AI. Honestly am impressed at how wasteful such articles are in how little content they actually contain.

"Where are the non-engineers going, and is it to somewhere that will continue to give them north of 200k per year so they can keep borrowing millions and propping up the artificially inflated housing market in the periphery of the Bay Area," is the question on the minds of those whose clicks I imagine this headline is trying to attract.

Re: Where have all the sacked tech workers gone?

#6
post #2

https://archive.is/nUklO TLDR: * most of the workers being laid off are not engineers * the laid off engineers are either being hired by “old school” industries like John Deere or carmakers or are creating new startups, many around generative AI. Honestly am impressed at how wasteful such articles are in how little content they actually contain.

Well, when you are a content company like a newspaper, you need to generate content daily. No matter how crappy it is.

Re: Where have all the sacked tech workers gone?

#7
post #2

https://archive.is/nUklO TLDR: * most of the workers being laid off are not engineers * the laid off engineers are either being hired by “old school” industries like John Deere or carmakers or are creating new startups, many around generative AI. Honestly am impressed at how wasteful such articles are in how little content they actually contain.

"Where are the non-engineers going, and is it to somewhere that will continue to give them north of 200k per year so they can keep borrowing millions and propping up the artificially inflated housing market in the periphery of the Bay Area," is the question on the minds of those whose clicks I imagine this headline is trying to attract.

Honest question: how is the Bay Area housing market artificially inflated? I assumed the high prices were the normal market response to high demand from many people with deep pockets.

Re: Where have all the sacked tech workers gone?

#8
post #7

Earlier quoted context omitted.

"Where are the non-engineers going, and is it to somewhere that will continue to give them north of 200k per year so they can keep borrowing millions and propping up the artificially inflated housing market in the periphery of the Bay Area," is the question on the minds of those whose clicks I imagine this headline is trying to attract.

Honest question: how is the Bay Area housing market artificially inflated? I assumed the high prices were the normal market response to high demand from many people with deep pockets.

IIRC, new housing is not being approved for construction mainly because the local gov is full of people who own real estate. In a natural situation, supply would be increased to meet demand.

Re: Where have all the sacked tech workers gone?

#9
post #2

https://archive.is/nUklO TLDR: * most of the workers being laid off are not engineers * the laid off engineers are either being hired by “old school” industries like John Deere or carmakers or are creating new startups, many around generative AI. Honestly am impressed at how wasteful such articles are in how little content they actually contain.

I'm finding that one of ChatGPT strengths is summarizing fluff-heavy texts.

Re: Where have all the sacked tech workers gone?

#10
post #7

Earlier quoted context omitted.

"Where are the non-engineers going, and is it to somewhere that will continue to give them north of 200k per year so they can keep borrowing millions and propping up the artificially inflated housing market in the periphery of the Bay Area," is the question on the minds of those whose clicks I imagine this headline is trying to attract.

Honest question: how is the Bay Area housing market artificially inflated? I assumed the high prices were the normal market response to high demand from many people with deep pockets.

> … how is the Bay Area housing market artificially inflated?

I shouldn’t have an opinion on this because I don’t live in the Bay Area or closely follow its politics, but the most common refrain I see is that policies (e.g., zoning) prevent building more and higher density housing, thus artificially limiting supply.

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