alt Hacker NewsWow. Huge crash between 2022 and 2023, from 230 to down around 80. Why? That's the real question. What happened? It's post-COVID.
Then stuck in the 60-80 range since 2023. The sample period chosen by Citadel is wildly deceptive.
This is an important question and these crap stats are not helping.
Replies
sublinear • today at 7:15 AM
There was a hiring bubble in 2022 just before the Fed raised interest rates. I'm not understanding what the mystery is.
The link you're responding to has the option to zoom out more to 2020. If you scroll down to view the other related graphs, you'll find that they also index 2020 as a starting point because they're all tracking this hiring bubble.
There was a change in US tax law that revoked the ability of software companies to classify engineer salaries as an R&D expense, which massively increased the tax liability for many software companies.