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The current tech bubble is likely to burst eventually. In 2000 when that happened jobs became harder to find. That wasn't a dramatic drop, more of a bimodal th

The current tech bubble is likely to burst eventually. In 2000 when that happened jobs became harder to find. That wasn't a dramatic drop, more of a bimodal thing where some did fine and some had no income at all.

aphextron 10y ago
>The current tech bubble is likely to burst eventually. Is it a bubble though? I think this is just the new normal. A good portion of the largest companies on earth are silicon valley tech companies now. They are driving trillions of dollars in combined revenue. This is what the future of employment looks like.
- kasey_junk 10y ago
  By what metric are you judging largest companies? I suppose by us market cap you have Apple, Google & Facebook near the top of the list but it's hard to conclude SV tech companies are a large portion other than those.
- deleted 10y ago
  [deleted]
- itamarst 10y ago
  During the dot-com bubble some of the largest companies on earth were Internet-related stocks. Didn't go so well; consider this graph of technology sector from 1998 onwards: https://www.google.com/finance/getchart?q=XLK&x=NYSEARCA&p=40Y&i=604800&ei=ok19WMC3LMaJmAH7kb3ICw https://www.google.com/finance/getchart?q=XLK&x=NYSEARCA&p=4... Still hasn't recovered.
nikdaheratik 10y ago
The "tech bubble" is mostly a VC fueled startup phenomena in Silicon Valley. It pushed up salaries across the board near there but did not spread beyond a couple of locations in major cities. Even that is probably not worth mentioning when you consider the higher cost of living and the crazy hours alot of people were required to work in order to earn those salaries. If you're part of the startup scene, it may be harder to leap into a similar or better startup roll as, I agree, that bubble may burst anytime soon. But then you either wait it out or join the regular mortals coding away and still producing multiples of their salary in value.

aphextron 10y ago

>The current tech bubble is likely to burst eventually. Is it a bubble though? I think this is just the new normal. A good portion of the largest companies on earth are silicon valley tech companies now. They are driving trillions of dollars in combined revenue. This is what the future of employment looks like.

kasey_junk 10y ago
By what metric are you judging largest companies? I suppose by us market cap you have Apple, Google & Facebook near the top of the list but it's hard to conclude SV tech companies are a large portion other than those.
deleted 10y ago
[deleted]
itamarst 10y ago
During the dot-com bubble some of the largest companies on earth were Internet-related stocks. Didn't go so well; consider this graph of technology sector from 1998 onwards: https://www.google.com/finance/getchart?q=XLK&x=NYSEARCA&p=40Y&i=604800&ei=ok19WMC3LMaJmAH7kb3ICw https://www.google.com/finance/getchart?q=XLK&x=NYSEARCA&p=4... Still hasn't recovered.

nikdaheratik 10y ago

The "tech bubble" is mostly a VC fueled startup phenomena in Silicon Valley. It pushed up salaries across the board near there but did not spread beyond a couple of locations in major cities. Even that is probably not worth mentioning when you consider the higher cost of living and the crazy hours alot of people were required to work in order to earn those salaries. If you're part of the startup scene, it may be harder to leap into a similar or better startup roll as, I agree, that bubble may burst anytime soon. But then you either wait it out or join the regular mortals coding away and still producing multiples of their salary in value.