'Kay. Maybe in your household.
Is this really a tech downturn? Yes, some companies are laying people off, with gig-economy things particularly hard hit, but the entire economy is a mess right now. It doesn't seem like tech is relatively more affected than other industries.
I do agree with the general premise that a bubble bursting is like a forest fire clearing away all the bullshit (along with many people's livlihood), and the current tech industry has a lot of BS ripe for being cleared away.