We're in an employee shortage, recession or no recession, the largest segment of workers in the US ever (the boomers) are retiring and the largest cohort just turned 65 the last quarter of 2022. They've been squawking about the impending recession since 2015 and here we are, they keep saying it but it doesn't happen.
> They've been squawking about the impending recession since 2015 and here we are, they keep saying it but it doesn't happen.
Mostly because the Fed has been creative about keeping the economic bubble going and preventing the numbers from "officially" indicating whether a recession has started. Those folks "on the ground" are more exposed to the reality of the situation: wealth inequality is expanding, wages haven't kept up with rents in decades, inflation and plain old profiteering are resulting in higher prices for worse quantities/qualities... for anyone other than those at the top of the economic ladder (who are largely insulated from the effects of their own economic policies), it's readily apparent that the current economic system is unsustainable, and it's entirely a matter of "when", not "if", the Fed and the broader financial system runs out of tricks to maintain our suspension of disbelief.
True, but tech has grown a lot in the past 30 years, so the worker age distribution skews younger. At older tech companies that are big, boring, and still do things (Intel, Cisco), it probable skews a little older.
