You are not worrried for one of the 2 reasons:
1 You are not affected somehow (you got savings, connections, not living paycheck to paycheck, and have food on the table).
2 You prefer to persue no troubles in matters of complexity.
Time will tell, is showing it already.
Even people in category #1 should be concerned. Even if their income is not directly affected, the potential for disruption is clearly brewing: mass unemployment, social and civil unrest.
I know smart and capable people that have been unemployed for 6+ months now, and a few much longer. Some have been through multiple layoffs.
I am presently employed, but have looked for a job. The market is the worst I've seen in my almost 30 year career. I feel deeply for anyone who needs a new job right now. It is really bad out there.
For 1, unless you already have an self-sustaining underground bunker or island, you will be affected. No matter how much savings and total compensation you have. If you went out to get grocery in the last week, it will affect you.
Agree. I feel like most of the people sounding the alarm have been in the software-focused job hunting market for 6+ months.
Those who downplay it are either business owners themselves or have been employed for 2+ years.
I think a lot of software engineers who _haven't_ looked for jobs in the past few years don't quite realize what the current market feels like.