We’ve had crazy covid years where every new grad was making 250k+, and now every 3-6 months we have layoffs which has not surprisingly been paired with blaming it on offshoring, H1b etc. Clearly the current system can’t withstand much of a shock, what’s going to happen if we get a full 2007 style recession, will the blame game go even higher on steroids, some times it feels like it’s quite bad already. I don’t look forward to that.

I think and I know HN commentators are going to hate this, but Thiel was right when he wrote that the current system only works with fast continuous growth. Ideally multiple growing sectors, contributing to the economy. Anything else, and everyone immediately starts fighting for scraps joining their tribal identity or whatnot. The only way out, would be more rapid growth in multiple sectors, not just AI, or a complete breakdown of the existing system which does not leave me hopeful for anything better. I in fact like the existing system quite a bit, but maybe that’s just me.