npub1w3…t4c5c on Nostr: No, that's just the inverse of interest rates. Things with a long time horizon and ...

No, that's just the inverse of interest rates. Things with a long time horizon and unclear profitability like tech products (e.g., the metaverse or whatever) just hire more when money is cheap and cut costs when it's expensive. They are not in a rush and it's unclear if delivering one year earlier is worth a 5% higher cost.

Same figure upside down: