Jobs are being let go left and right because tightening monetary policy. Salaries are plunging because in the battle between labor and capital, labor has no saying power.
Capital will layoff and rehire at a discount and the glass ceiling is left pristine. Capital also owns all of the media and being gas lit the pass year about ‘over employment’ and ‘do nothing engineers’
Labor has no say/power at the negotiation table and this is why we’re getting fucked
edit: spelling
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Btw, it’s spelled capital. Capitol is a government building.
i think tech has had it so good for so long they dont realize whats eroding now. hopefully the new wave of gen z entering the field will push back.