Re:Is big tech’s red-hot jobs market about to cool?
by paulpauper on Thursday June 02, 2022 @10:41PM
(#31603616)
I agree. there is not going to be major crash as all the overrated pundits are predicting, who keep being wrong over and over.
Yes all the crypto/NFT can crash and burn but demand doesn’t seem like its going to fall unless there’s an actual crash.
Crypto is just a very expensive hobby/fad. It has no bearing on the overall economy. It could all go to zero and the affect on the rest of the economy and stock market would be small or minimal. The Nasdaq and S&P 500 have recovered far faster than bitcoin. Crypto generates no profits, big tech generates hundreds of billions of dollars of profit annually. Facebook alone makes $40 billion/year profit, about 3x that of Walmart.
Re:Is big tech’s red-hot jobs market about to cool?
by jnwatson on Thursday June 02, 2022 @10:44PM
(#31603647)
Regardless of the value of crypto itself, it does impact the job market, especially in the security space. A collapse would reduce demand for security professionals.
Yes all the crypto/NFT can crash and burn but demand doesn’t seem like its going to fall unless there’s an actual crash.
Crypto is just a very expensive hobby/fad. It has no bearing on the overall economy. It could all go to zero and the affect on the rest of the economy and stock market would be small or minimal. The Nasdaq and S&P 500 have recovered far faster than bitcoin. Crypto generates no profits, big tech generates hundreds of billions of dollars of profit annually. Facebook alone makes $40 billion/year profit, about 3x that of Walmart.