I have yet to see any source that proves 174 is the sole or major reason for the downturn. If you have something that suggests otherwise that, please do share.
As far as I was able to surmise, after becoming interested in the topic last year, it was a combination of factors: interest rates, 174, over hiring during 2020-2022, over estimating future demand for digital goods/services during the covid, lack of cheap money for funding unprofitable businesses, AI hype, and probably other factors.
The most logical answer is multiple events/factors all within a short span of time, rather than one single thing being the sole reason for the downturn.
As far as I was able to surmise, after becoming interested in the topic last year, it was a combination of factors: interest rates, 174, over hiring during 2020-2022, over estimating future demand for digital goods/services during the covid, lack of cheap money for funding unprofitable businesses, AI hype, and probably other factors.
The most logical answer is multiple events/factors all within a short span of time, rather than one single thing being the sole reason for the downturn.