this post was submitted on 11 Apr 2024
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Isn't it a recurring pattern with rapid growth in kew industry sectors? The industry eventually outpaces the actual market, is carried on for a bit by momentum, and then finally the bubble between what they're investing to get and the actual earnings grows too large and starts deflating, so investors start trying to cut the losses. And it's the workers that pay the bill, because they suddenly need a new employer.