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> working for much less pay, in much more traditional organizations When the tech bubble crashed in 2000, and I moved from a startup to a Fortune 500 company,
by Ologn 11y ago
> working for much less pay, in much more traditional organizations
When the tech bubble crashed in 2000, and I moved from a startup to a Fortune 500 company, my job became less enjoyable, but my salary did not go down. Then again, I began looking for a job in April 2000, as I had been anticipating a correction - some people with no college and no non-startup experience rode it out to 2001 at their startup, were laid off and had trouble finding work.
Being based in a big job market outside the Bay area where I am rooted and networked was also helpful in 2000.
One difference between now and 2000 - the only real capital expense to start many software businesses nowadays is payroll. It is much less expensive to start a business. This may affect things.
- kasey_junk 11y agoI actually got a small pay increase when I moved to Big Corp. But I think that had more to do with luck than anything else. Lots of my colleagues took pay cuts and/or dealt with wage stagnation for a fair bit of time afterward. The ones that were really hit were new grads who had accepted jobs that went away before they got there or had only been on the job a couple of months. Another big difference (I hope) was that 9/11 came along right after and changed things in a much more macro scale. Don't know how much we can draw from that.