chobeat@lemmy.ml to Technology@lemmy.worldEnglish · 6 months agoA ‘demoralizing' trend has computer science grads out of work — even minimum wage jobs. Are 6-figure tech careers over?www.yahoo.comexternal-linkmessage-square208linkfedilinkarrow-up1465arrow-down117cross-posted to: technology@beehaw.orgtechnology@lemmy.mltechnology@hexbear.nettechnology@lemmy.zip
arrow-up1448arrow-down1external-linkA ‘demoralizing' trend has computer science grads out of work — even minimum wage jobs. Are 6-figure tech careers over?www.yahoo.comchobeat@lemmy.ml to Technology@lemmy.worldEnglish · 6 months agomessage-square208linkfedilinkcross-posted to: technology@beehaw.orgtechnology@lemmy.mltechnology@hexbear.nettechnology@lemmy.zip
minus-squaregandalf_der_12te@discuss.tchncs.delinkfedilinkEnglisharrow-up1arrow-down3·6 months ago Money isn’t cheap anymore. money has literally never been cheaper. there’s literally never been a time when VC was more willing to invest in new ideas, because the existing stock market can’t grow any larger than it already is, given the way that consumer demand is dwindling.
minus-squaresexybenfranklinlinkfedilinkEnglisharrow-up3·6 months agoInterest rates in the states are higher than they were five years ago, which means borrowing money to pay those inflated salaries is more expensive.
minus-squaregandalf_der_12te@discuss.tchncs.delinkfedilinkEnglisharrow-up1·6 months agoyeah, if you borrow from banks. it’s opposite if you try to get VC money, which has never been easier.
money has literally never been cheaper. there’s literally never been a time when VC was more willing to invest in new ideas, because the existing stock market can’t grow any larger than it already is, given the way that consumer demand is dwindling.
Interest rates in the states are higher than they were five years ago, which means borrowing money to pay those inflated salaries is more expensive.
yeah, if you borrow from banks. it’s opposite if you try to get VC money, which has never been easier.