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Lowest “Who is hiring?” Post Count in 30 Months

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Re: Lowest “Who is hiring?” Post Count in 30 Months

#81

Post by kikokikokiko »

godelski wrote: post #62
harryvederci wrote: post #23

I 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…

> Which may be true, but it can also be a self-fulfilling prophecy if everyone is doing that on all platforms. Which would be a shame. This also happens with inflation. It is probably because people start acting differently. The hypothesis is that if people are preparing for a recession then demand goes down, which pushes prices up, which is identical to inflation. Obviously this model is far too simplistic but it is…

"The hypothesis is that if people are preparing for a recession then demand goes down, which pushes prices up"

This makes no sense at all. even the inverse makes no sense, if people preparing for a recession stopped buying goods, prices would go go down not up, which obviously would not cause inflation. This idiocy of saying that inflation comes from the people, and not from monetary policy, is depressing. It guarantees that governments will keep having a free pass to print as much colored paper as they want.

Re: Lowest “Who is hiring?” Post Count in 30 Months

#83

Post by DeRock »

kadomony wrote: post #74

The last quarter of the year is not really a huge time for hiring.. a lot of companies are finishing up their budgets and waiting for new ones to hit to post jobs in the new year..

Its down >50% year over year (which should be seasonally adjusted):

October 2021 [1]: 853 posts

October 2022 [2]: 415 posts

Not an exact comparison, as some posts will continue to trickle in to Oct 2022, but its still a sharp decline.

[1]: https://news.ycombinator.com/item?id=28719320

[2]: https://news.ycombinator.com/item?id=33068421

Re: Lowest “Who is hiring?” Post Count in 30 Months

#85

Post by rvbissell »

godelski wrote: post #75
etrautmann wrote: post #72

Earlier quoted context omitted.

What? That’s opposite of how it should work. Lower demand depresses prices.

Not if you want to make the same profits.

That's not how it works.

Revenue is the area of the rectangle "price times volume". (Profit is "revenue minus costs".) Businesses want to maximize the area of that rectangle.

If a business thinks they can keep the area of that rectangle the same by increasing the price dimension, that will cause buyers to react by shrinking the volume dimension. That might yield the same effective area for the rectangle, but then also might not.

Re: Lowest “Who is hiring?” Post Count in 30 Months

#86

Post by interpenetrate »

godelski wrote: post #75
etrautmann wrote: post #72

Earlier quoted context omitted.

What? That’s opposite of how it should work. Lower demand depresses prices.

Not if you want to make the same profits.

Well empirically lower demand does not lead to higher prices. The hopes and dreams of sustained profits are dashed by the coercive forces of competition. It's very sad.

Re: Lowest “Who is hiring?” Post Count in 30 Months

#88

Post by bee_rider »

ed_elliott_asc wrote: post #51

The jobs market goes in cycles, sometimes there are less roles, sometimes there are more roles. Don't fret about the state of the market - you can't do anything and it is irrelevant. Focus on making sure your skills are up to date and you network and put yourself in the best position. If there are a hundred less roles, it doesn't matter if you are in the top 10%, even the top 50% - just be better than average and you…

Actually, what's going on is the job market is waiting to collapse until I've just about finished my thesis. As soon as I really need a job, we're doomed. The problem is, the universe needs to fill in the backstory, so my unexpected delays have messed up it's ability to build the narrative. On the bright side, my laggardly pace may have fended things off until after the midterms.

I'll let you all know when I've scheduled my defense so that you can start stockpiling gas, food, ammo, and whatever else.

Re: Lowest “Who is hiring?” Post Count in 30 Months

#89

Post by the_gastropod »

kikokikokiko wrote: post #81
godelski wrote: post #62

Earlier quoted context omitted.

> Which may be true, but it can also be a self-fulfilling prophecy if everyone is doing that on all platforms. Which would be a shame. This also happens with inflation. It is probably because people start acting differently. The hypothesis is that if people are preparing for a recession then demand goes down, which pushes prices up, which is identical to inflation. Obviously this model is far too simplistic but it is…

"The hypothesis is that if people are preparing for a recession then demand goes down, which pushes prices up" This makes no sense at all. even the inverse makes no sense, if people preparing for a recession stopped buying goods, prices would go go down not up, which obviously would not cause inflation. This idiocy of saying that inflation comes from the people, and not from monetary policy, is depressing. It guarant…

Almost as depressing as this belief that the (US) government just prints money.

Re: Lowest “Who is hiring?” Post Count in 30 Months

#90

Post by giantg2 »

harryvederci wrote: post #23

I 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…

"Look, it's happening! The economy is going down!"

I agree this can be a self fulfilling prophecy. A lot of larger tech companies were announcing hiring freezes or restructuring months ago to get ahead of the downturn.

But I also think we could restate the quote above in ways that are actually true. For example, a lot of these posts are startups and monetary policy is slowing or shrinking the money available for VC. It makes sense that we see slower hiring. The past few years have probably been above historical VC funding levels anyways, so we may be returning to a more historical level for the next few years (or who knows?).

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