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JerrodDRagon t1_j6gahup wrote

Someone brought up a great point

If you lay off even 20ish percent of people La jobs quickly that will affect the entire economy

Like less condition jobs if the coders can’t fund work and there for can’t work on their house

The snowball effect is what’s really scary

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rileyoneill t1_j6gw6c1 wrote

Anything fast moving is disruptive. Even if its for the better. Its like an ecosystem where a fast change in one thing disrupts an entire wave of something else. Labor markets fall into an equilibrium over time. Especially for a small town where changes more than 1-2% per year are pretty massive.

We are in an era of very fast disruption, and its going to get extremely fast over the next several years. That whole equilibrium will be constantly thrown off balance and could make some major swings.

COVID will not be the most disruptive aspect of the 2020s and people of the future will largely remember the 2020s for other disruptive technology. We who endured COVID will have it burned into our memories, but like, kids being born today will probably be fairly dismissive of it when they are adults. They will likely remember other things.

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