The global trend is that the world consumes too much according to Greta-type of people, and those people are leading the world in EU and in the Biden admin. In parallel we have eased too much money with Covid and we’ll take it back. Third, GPT shows awesome advances. Fourth, China has production issues due to Covid so scarcity will reappear.
All this together: The VC money will get redirected from blockchain-type of startups to climate startups first, which doesn’t create as many jobs for devs, and then to AI startups if they show some results, but again this employs very different profiles from simple programmers. The rest of the economy will keep inflating a little, despite anything the Fed can do, because scarcity causes inflation.
All this together: The VC money will get redirected from blockchain-type of startups to climate startups first, which doesn’t create as many jobs for devs, and then to AI startups if they show some results, but again this employs very different profiles from simple programmers. The rest of the economy will keep inflating a little, despite anything the Fed can do, because scarcity causes inflation.