1 You are not affected somehow (you got savings, connections, not living paycheck to paycheck, and have food on the table).
2 You prefer to persue no troubles in matters of complexity.
Time will tell, is showing it already.
I know smart and capable people that have been unemployed for 6+ months now, and a few much longer. Some have been through multiple layoffs.
I am presently employed, but have looked for a job. The market is the worst I've seen in my almost 30 year career. I feel deeply for anyone who needs a new job right now. It is really bad out there.
Those who downplay it are either business owners themselves or have been employed for 2+ years.
I think a lot of software engineers who _haven't_ looked for jobs in the past few years don't quite realize what the current market feels like.
As an American I found a new job last year (Staff SW), and it was falling off a log easy, for a 26% pay bump.