Just Keep Swimming
Stay On The Highway
The economy has been in a strange place to say the least for the last two years. Although on paper nothing seriously bad has happened yet. The level of uncertainty and progression in AI has resulted in major stress on the tech industry in particular. Leading to mass layoffs and a widespread narrative that all jobs are doomed.
This couldn’t be further from the truth. Having finally tried out lovable.dev after much fanfare I was completely underwhelmed. It created a pretty landing page. But as soon as the task became more complex it got stuck.
In any case, AI and the tech job market slowing are not one and the same. This graph has been sadly causing widespread confirmation bias, displaying a supposed downturn in tech jobs post Covid.
It’s a snapshot of an extremely unconventional time and used to demonstrate something that is barely a blip on a real long term growth trend in tech.
Which coincidentally coincides with massive Nasdaq growth.
If Nasdaq has ridden almost exclusively on the success of tech companies, why would that start changing now right after the biggest breakthrough in fifteen years?
Of course adaptability is important to continue to thrive. Times may get harder before they get easier. But the global consciousness is prone to infectious panic.
Don’t get sucked in by this.
Stay true to your instincts and long term strategy.
The storm will clear soon.