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

Re:Is big tech’s red-hot jobs market about to cool? by whimsicalism on Friday June 03, 2022 @10:00AM (#31608386)

> Rents have increased 20-50% in many cases

Maybe in some cases. Not on average [0]. Here is SF [1]

> Anyone who did the "stable" thing of saving and investing wisely got left behind.

Gambling has always been a thing. Lots of people lost big on crypto.

> Why work hard when gambling and speculation and straight up lying ("hustling") are rewarded way, way more?

If you actually think that, go ahead and make your millions. Efficient markets are not that easy. If you knew you could make more ahead of time, it would already be priced in.

I suggest spending less time hanging in communities and hearing people spitball and more time looking at the facts.

[0]: https://fred.stlouisfed.org/series/CUUR0000SEHA [1]: https://www.zumper.com/rent-research/san-francisco-ca

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Re:Is big tech’s red-hot jobs market about to cool? by MisterMower on Saturday June 04, 2022 @12:30AM (#31616995)

Yeah, last year’s rent was up 10%. Now do the past decade.

Home prices in my middle of nowhere Nebraska town are up 50% over the past decade. Rents too.

I don’t trust statistics saying “we’re not debasing the currency” from the very people who are currently debasing the currency.

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Re:Is big tech’s red-hot jobs market about to cool? by whimsicalism on Saturday June 04, 2022 @02:01AM (#31617460)

Are we in a housing crisis? Yes, of course. But the problem is not Californians or crypto bros.

Did not realize these claims were over the last decade... rents are up 37% on average, which is 15% more than we would expect with a standard 2% inflation.

And of course we return to the old HN bogeyman of shadow inflation. there are a number of independent academic researchers who track prices showing changes roughly in line with FRED cpi, but I'm sure those researchers are also part of the conspiracy.

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