Re:Ask HN: Folks who were around the 2008 Recession
by astura on Wednesday August 10, 2022 @10:57PM
(#32421039)
They are nothing alike.
The job market was very tight in 2008, people were losing their jobs then not being able to get a job anywhere doing anything. Not an exaggeration. My friend who made minimum wage at fast food place at the time said there would be at least five people a day coming in asking for a job application. The restaurant wasn't accepting any applications.
At the intangible level, 2008 had a dark cloud overhead, right now doesn't.
The job market was very tight in 2008, people were losing their jobs then not being able to get a job anywhere doing anything. Not an exaggeration. My friend who made minimum wage at fast food place at the time said there would be at least five people a day coming in asking for a job application. The restaurant wasn't accepting any applications.
At the intangible level, 2008 had a dark cloud overhead, right now doesn't.