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Has the decline of knowledge work begun?

(www.nytimes.com)
388 points pseudolus | 6 comments | 25 Mar 25 17:02 UTC | HN request time: 0s | source | bottom
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schnitzelstoat ◴[27 Mar 25 11:59 UTC] No.43492675[source]▶
No, it's just that interest rates are higher.
replies(1): >>43493258 #
underdeserver ◴[27 Mar 25 13:12 UTC] No.43493258[source]▶
Underrated comment.

My null hypothesis is that interest rates are over, fat is being trimmed, of course the people most affected are going to be those at the bottom of the food chain: inexperienced new grads.

Sucks to be a new grad (as it did in 2008-9), but in macro terms I'd say wait and check back in two years.

replies(2): >>43494236 #>>43494950 #
1. johnnyanmac ◴[27 Mar 25 14:47 UTC] No.43494236[source]▶
How do they survive for 2 years without a job?
replies(1): >>43499682 #
2. underdeserver ◴[27 Mar 25 23:57 UTC] No.43499682[source]▶
Really sucks to be them. Try hard and compromise on pay.

I also remember seeing some study that says that 2008 grads' pay never caught up, and that e.g. 2010 grads' pay is higher despite their having less experience. Sucks, but you play the cards you're dealt.

replies(1): >>43499732 #
3. johnnyanmac ◴[28 Mar 25 00:03 UTC] No.43499732[source]▶
Damm shame. Really hope they remember this inevitable resentment when it comes time to vote on policy. It seems the '08 grads did not.
replies(1): >>43501120 #
4. underdeserver ◴[28 Mar 25 03:13 UTC] No.43501120{3}[source]▶
Vote on what policy? What vote do you think could have made a difference?
replies(1): >>43501139 #
5. johnnyanmac ◴[28 Mar 25 03:17 UTC] No.43501139{4}[source]▶
Direct votes will vary from state to state. But as a recent example in CA voted against rent control... Guess who funded against that prop?

I was more talking indirect, but simply voting in whatever rep that sounded better without keeping the policies they focus on.

replies(1): >>43502991 #
6. schnitzelstoat ◴[28 Mar 25 08:44 UTC] No.43502991{5}[source]▶
I live in a city with rent control and it's a disaster.

It just caused a massive drop in supply and landlords moving to alternative stuff like temporary contracts to get around it. The latter could be legislated against but would probably just cause a further drop in supply.

Ultimately you can't cheat the market, if you want lower prices you either increase supply or decrease demand.