Is big tech’s red-hot jobs market about to cool?

Re:Is big tech’s red-hot jobs market about to cool? by papito on Friday June 03, 2022 @02:32AM (#31604955)

I will tell you how we know. There is a correlation between Ivy League graduates flooding Wall Street and an inevitable market crash. Why? Because they can't help themselves but come up with exotic trading (read: gambling) instruments that no one understands and then torching a whole sector for profit. See: the 2008 housing crisis. I just rewatched the Big Short. It's absurd.

Well, now we have Web 3.0. It's the same type of people, creating new devices of gambling, cleaning out the laymen. Tired - NFTs, wired - Soulbound tokens.

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Re:Is big tech’s red-hot jobs market about to cool? by yourapostasy on Friday June 03, 2022 @01:35PM (#31611307)

> Well, now we have Web 3.0. It's the same type of people, creating new devices of gambling, cleaning out the laymen.

So what are the tech and "BigTech" equivalents of broad market index funds like VTSAX held for the long-term starting in one's teens and dollar cost averaging out into bonds in latter decades?

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Re:Is big tech’s red-hot jobs market about to cool? by papito on Friday June 03, 2022 @02:13PM (#31611779)

There aren't. I am not comparing the web to the market, I am pointing out that in the past the tech sector did not attract such a large number of frauds and conmen. It was just this thing the nerds did.

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Re:Is big tech’s red-hot jobs market about to cool? by h0p3 on Friday June 03, 2022 @03:44AM (#31605394)

Hey there. I think you'll find this worth your time: https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONX...

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