Comment by Aurornis

> You’re definitely right that the CEO class was furious about the social progress made by working people.

CEOs weren’t furious about “social progress”. That’s a projection of class warfare mentality.

It was, however, frustrating to see a blatantly obvious economic bubble driven by out of control government spending, which unsurprisingly has now popped. There were points in 2021 when we had junior applicants who could barely talk through the simplest interview questions but demanded senior/staff level comp because that was the going rate in the temporarily distorted market.

Many companies hired at those exaggerated rates anyway, then started cutting deeply when the market changed and they realized they were holding the bag on a lot of overpaid, under qualified hires. Other companies just sat on the sidelines and waited it out. It was the only time I remember having multiple candidates turn us down for better offers, only to message me months later begging for a job because their company overhired followed by layoffs.