alt Hacker NewsNear zero interest rates + COVID remote work + PPP loans = Booming economy
What is happening now is the unwinding of the above. Now its:
Higher rates + AI + too many SWEs (bootcamps and over-hiring) = Busting economy
I think what we are in right now is more the norm and the post covid boom was an exception.
And also the section 174 change too, which suddenly increased the tax bill for any companies doing software development.