Comment by scarface_74

Not remotely. It’s not even logical.

From an employees standpoint, most of the employers weren’t profitable and when they went out of business, employees weren’t having a hard time finding a job.

But honestly, it was only people working for “tech” companies. I was working in Atlanta as a Windows developer with four years of experience working for a boring old bill printing company. Other profitable enterprise companies were still hiring like banks, insurance companies, airlines, etc.

Today, all of the major tech employer’s are trillion dollar profitable companies with real businesses that are not dependent on Gen AI. They have been using machine learning forever and still will.

Every company doesn’t need to be a software development shop. But every company doesn’t need to be into data analytics.

On the other hand, from the investor’s standpoint, the only publicly traded company that will live or die by AI is Nvidia - and Tesla which has always been a meme stock. If investor money is lost in the private market, who cares?

Yes I know that there is a push to allow private equity investing in 401K plans and pensions. I really only have sympathy for pension fund holders who don’t have a choice.