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Has the decline of knowledge work begun?

(www.nytimes.com)
388 points pseudolus | 1 comments | 25 Mar 25 17:02 UTC | HN request time: 0s | source
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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. ericmcer ◴[27 Mar 25 15:54 UTC] No.43494950[source]▶
I am inclined to agree, but I was saying a similar thing in 2023 when the job market started to tank. Now we are 2 years later and it is similar, maybe a little better but definitely not a return to pre-2022 levels. It might end up being a 5+ year slow period by the time interest rates come back down and things start heating up.