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The Job Market Is Frozen

theatlantic.com

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Re: The Job Market Is Frozen

#21

Post by hedora »

lukev wrote: post #15
Spooky23 wrote: post #11

Duh. Between the chaos in Washington and the commercial real estate crisis (30% of properties are underwater) we’re going to see a big crash, probably this year. Tesla and Nvidia are both huge components of the overall market cap and drive alot of the yields in the last year or two. You’re one Elon scandal or Nvidia earnings miss away from a really bad day. Healthcare is the other wildcard. For the last decade, medic…

Just curious, what kind of Elon scandal do you think could move the needle at this point? Anyone capable and willing to observe his behavior has probably already acted on it. What lines are left to cross?

He could fall out of favor with Trump, or the market could conclude that Tesla’s being sacrificed at the altar in exchange for pork barrel spending on spacex and twitter.

Re: The Job Market Is Frozen

#22

Post by happymellon »

lukev wrote: post #15
Spooky23 wrote: post #11

Duh. Between the chaos in Washington and the commercial real estate crisis (30% of properties are underwater) we’re going to see a big crash, probably this year. Tesla and Nvidia are both huge components of the overall market cap and drive alot of the yields in the last year or two. You’re one Elon scandal or Nvidia earnings miss away from a really bad day. Healthcare is the other wildcard. For the last decade, medic…

Just curious, what kind of Elon scandal do you think could move the needle at this point? Anyone capable and willing to observe his behavior has probably already acted on it. What lines are left to cross?

The needle has moved.

https://www.thestreet.com/video/tesla-loses-1-trillion-statu...

Stock is dropping, sales are falling, Elon is losing money with his antics.

[Edit] I'm showing a 25% drop in Tesla stock vales over this month. If Tesla is a significant part of the USA economy, then that has to be pretty painful. [/Edit]

It may not be obvious to you, but the protests are emboldening people.

https://electrek.co/2025/02/24/tesla-protests-gain-momentu-w...

Not sure where you are, but here in the UK sales might not have dropped as much as other European countries but there are definitely less Tesla's around, and the conversation is towards other EV makers because people don't want to fund him.

Re: The Job Market Is Frozen

#23

Post by dumbledoren »

The article doesn't emphasize the biggest elephant in the room: The zero-interest economy ended and crashed the economy that rode on bloated valuations and stock prices. And now companies are gutting themselves to float the stock prices.

Re: The Job Market Is Frozen

#24

Post by dumbledoren »

happymellon wrote: post #22
lukev wrote: post #15

Earlier quoted context omitted.

Just curious, what kind of Elon scandal do you think could move the needle at this point? Anyone capable and willing to observe his behavior has probably already acted on it. What lines are left to cross?

The needle has moved. https://www.thestreet.com/video/tesla-loses-1-trillion-statu... Stock is dropping, sales are falling, Elon is losing money with his antics. [Edit] I'm showing a 25% drop in Tesla stock vales over this month. If Tesla is a significant part of the USA economy, then that has to be pretty painful. [/Edit] It may not be obvious to you, but the protests are emboldening people. https://electrek.co/2025…

Except all the stocks are crashing. Not just Tesla.

Re: The Job Market Is Frozen

#25

Post by asdff »

dumbledoren wrote: post #23

The article doesn't emphasize the biggest elephant in the room: The zero-interest economy ended and crashed the economy that rode on bloated valuations and stock prices. And now companies are gutting themselves to float the stock prices.

Wasn't that the excuse when they were laying people off two years ago?

Re: The Job Market Is Frozen

#26

Post by wucaworld »

YZF wrote: post #20
pipeline_peak wrote: post #16

As a software dev should I even bother switching jobs? I really can’t stand my current one, but articles like this and ones about AI are pretty demotivating.

You do you. If you can't stand your current job then look for a new one while doing your best at the current one. There are jobs out there and it's much easier to find a job while you have a job. Are you learning? Can you pivot a bit with your current employer to do something more interesting? Are you paid well? Ignore the articles. In the worst times of the dot com bubble burst you could still find interesting jobs.…

I find your second sentence very difficult to pull off in practice, if you have any sort of responsibility (e.g. kids). Modern interviews seem to assume you have a lot of time to dedicate to prep.

In the old days, one could prep while on severance. But those seem to be becoming. Less generous and in some cases being skimped on through shenanigans.

Re: The Job Market Is Frozen

#27

Post by happymellon »

dumbledoren wrote: post #24
happymellon wrote: post #22

Earlier quoted context omitted.

The needle has moved. https://www.thestreet.com/video/tesla-loses-1-trillion-statu... Stock is dropping, sales are falling, Elon is losing money with his antics. [Edit] I'm showing a 25% drop in Tesla stock vales over this month. If Tesla is a significant part of the USA economy, then that has to be pretty painful. [/Edit] It may not be obvious to you, but the protests are emboldening people. https://electrek.co/2025…

Except all the stocks are crashing. Not just Tesla.

IBM hasn't.

Apple hasn't.

Meta is still up on the month.

What are "all stocks"?

Re: The Job Market Is Frozen

#29

Post by wodenokoto »

lukev wrote: post #15
Spooky23 wrote: post #11

Duh. Between the chaos in Washington and the commercial real estate crisis (30% of properties are underwater) we’re going to see a big crash, probably this year. Tesla and Nvidia are both huge components of the overall market cap and drive alot of the yields in the last year or two. You’re one Elon scandal or Nvidia earnings miss away from a really bad day. Healthcare is the other wildcard. For the last decade, medic…

Just curious, what kind of Elon scandal do you think could move the needle at this point? Anyone capable and willing to observe his behavior has probably already acted on it. What lines are left to cross?

I think it is a good point, but the guy can still get a heart attack.

Re: The Job Market Is Frozen

#30

Post by FirmwareBurner »

amai wrote: post #28

Europe is hiring: https://europa.eu/eures/portal/jv-se/home And companies in Europe still embrace home office often even in foreign countries: https://euremotejobs.com/

>Europe is hiring:

On paper yeah but everyone I know who's applying to jobs is getting instant rejections before getting to the interview stage. Was also my experience a few months ago. The key word everywhere are "cost reduction" and layoffs and outsourcing are the norm.

>And companies in Europe still embrace home office often even in foreign countries

That's far from the norm. Most jobs (at least where I live) are in-office or hybrid. Full remote is super rare now. And fully remote from another country is usually B-2-B freelancing contracts which is not legal for one customer in all EU countries since it's considered dodging employment taxes.

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