alt Hacker NewsAccording to that chart 2021 was anomalously low and it has been linearly returning to normal for the past four years.
AFAICT, the general populace is anxious about AI. So, the news knows they can get clicks with “You are right to be afraid. AI bad.” Meanwhile, CEOs know they can get stock boosts by saying “We are so AI we don’t need expenses. Infinite ROI!”
Put together we’re getting a ton of scary reporting on what looks like a quite normal business cycle (at least as far as layoffs go). And, everyone being afraid to hire is the only thing actually making it self-fulfilling.
I wouldn’t call the massive levels of investment by both private equity and municipal/state governments “business as usual.” The sums being thrown down and/or promised are staggering. People/groups that lose are going to lose big.