Comment by mlmonkey

> My proof-in-pudding test is still the fact that we haven't seen gigantic mass firings at tech companies

This assumes that companies will announce such mass firings (yeah, I'm aware of WARN Act); when in reality they will steadily let go of people for various reasons (including "performance").

From my (tech heavy) social circle, I have noticed an uptick in the number of people suddenly becoming unemployed.