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

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.

[ Parent | on HN ]

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.

[ Parent | on HN ]