High-tech job woes: Looking back at the dot-com crash and ahead to the future

DURING a recent visit to San Francisco, I had a conversation with a Lyft driver about the rise of self-driving cars in the city.

He was anxious about its potential impact on his livelihood. “Driving is not just a job for me; it’s the means by which I make a living and support my family. If my role becomes obsolete, what will happen to people like me? Will there be sufficient alternative employment opportunities to sustain us? These uncertainties haunt my thoughts, keeping me awake at night,” he explained.

What struck me even more was that my friends in the high-tech field in Silicon Valley, long considered immune to disruptive AI, shared similar apprehensions. So, what’s happening in the high-tech job market?