The Washington Post writes The U.S. economy is booming. So why are tech companies laying off workers? This article has some good data, but I think misses the point with sub-heads like “Shine has come off the tech industry.” Really? How is that reflected in their stock prices? I think a few things are happening. First, tech companies are typically best at adopting new technology, which leads to productivity gains. AI may be an obvious example of this, though for all its hype it hasn’t had a huge ...