I also lived through the dotcom boom and bust and even remember the recession that impacted hardware vendors in the 90s. What we might see now is certainly mor

I also lived through the dotcom boom and bust and even remember the recession that impacted hardware vendors in the 90s. What we might see now is certainly more like dotcom than 2008. Dotcom was a time that a lot of investment chased a lot of speculative business in technology which led to very high demand for anything looking even remotely like computer skills and paying them well plus stock options. It had to run out of steam and come tumbling down at some point, the end of Y2K was when it ran out of new coal and the steam stopped not long after that. Investors then had to beat each other to the door. It impacted everyone in the industry but the first to go were the businesses not actually making money, then those who had clients which consisted of a lot of businesses not making money. There were plenty of survivors, those who made money or those who could trim their expenses and make money or those who could make money out of helping others trim their expenses. People who worked for these kept their jobs. It also became easier for them to hire people. Pay was depressed, but it emptied out the industry from people who weren't actually that interested in or that good at technology. I joked that those people who got themselves Microsoft certifications just for the dotcom salaries could go back to being real estate agents. That turned out to be bad joke.