5 ms·

I was there in the early 2000s metldown. What is different today is lack of easy money, also these jobs are likely never coming back, having so much automated i

I was there in the early 2000s metldown. What is different today is lack of easy money, also these jobs are likely never coming back, having so much automated is changing the world very rapidly and the powers that be have no plan it would seem besides perhaps having a nuclear war intentionally to "clear out" the population of 99.9% of humans.

madrox 4y ago
I'm not sure how serious you are being. Back then, money wasn't easy and those jobs didn't come back either. New jobs did emerge, though. We also didn't wait for the powers that be back then to figure it out, either, lest we forget that was the "series of tubes" era.
- ghaff 4y ago
  Also dot-bomb was really nuclear winter for jobs in the tech industry. I was lucky enough to slide into a new job with someone I knew after I was laid off. I didn't have so much as a nibble anywhere else. The new company barely made it through but it did. The pay wasn't great but I mostly enjoyed it, I learned a lot, and it directly led to knowing the person who brought me into my current role. So far this is nothing like that from what I can tell. People are taking longer to land positions and at least some of the highest compensation will be very hard to come by, but there seem to be lots of positions. They may just be in insurance companies rather than prestigious tech companies.
  - wyclif 4y ago
    Tend to agree with this take according to what I'm seeing while currently interviewing. Not as many sexy tech jobs in cool startups, but still plenty of boring jobs in banking/fintech, insurance, enterprise, etc.
  - scarface74 4y ago
    There was no “nuclear winter”. I was an ordinary enterprise dev working for profitable enterprises like banks, insurance companies, etc and jobs were just as easy to come by from 1996 -2008.
    - nikau 4y ago
      Exactly, a lot of the people who never got back into the industry should never have been there in the first place, eg. website designers using frontpage and getting paid the close to the equivalent of $200K in todays money.
    - ghaff 4y ago
      I think part of it is that a lot of dev/tech-adjacent jobs that basically had to be done at a tech company or a company that depended on tech companies pretty much went poof. I'll believe that strictly dev jobs were still available (though that's not the common wisdom). It's probably also true that developers at trendy tech companies couldn't imagine slinging Java in insurance or banking. In my case, I had worked for a computer company as a product manager (with some coding on the side) and then an IT industry analyst--and there was very little in that vein.
      - madrox 4y ago
        It's beside the point, but I think you're forgetting that Java was trendy 20 years ago. That didn't change until Ruby and Python came on the scene a few years later.
        ghaff 4y ago
        Yeah, probably COBOL and CICS would be better examples in that timeframe.
      - scarface74 4y ago
        Exactly, they would have rather gone hungry than suffer being an “enterprise developer”
        ghaff 4y ago
        And, in fairness, they may not have really had much experience with mainframe, AS/400, etc. technologies. I probably wasn't going to hire a front-end HTML developer to write my business apps. Yeah, there was a fair bit of Webifying apps going on but probably a lot of mismatch between startup devs and enterprise devs in that period.
- Baljhin 4y ago
  I must have grown up in a parallel universe of the dotcom era: one of the biggest reasons -- and criticisms of - the dotcom Bubble growth was due to too much and easy (wait for it...) VC money. Back then, literally any wild, and foolish, idea that you could smack 'Tech' onto was guaranteed to get fast & easy investor money. >Back then... Oh wait...
  - flakeoil 4y ago
    For reference, around the year 2000 the interest rates were around 5% (the fed rate). So, no, in general terms there were no easy money then compared to today (or the years up to today). But sure, a lot of the money that was around at that time went into IT/dotcom companies instead of into other sectors.
  - madrox 4y ago
    To be clear, you're correct. That was this current wave's web3. Once the bubble burst, though, money stopped being so easy. That's the period we're about to come to now.

madrox 4y ago

I'm not sure how serious you are being. Back then, money wasn't easy and those jobs didn't come back either. New jobs did emerge, though. We also didn't wait for the powers that be back then to figure it out, either, lest we forget that was the "series of tubes" era.

ghaff 4y ago
Also dot-bomb was really nuclear winter for jobs in the tech industry. I was lucky enough to slide into a new job with someone I knew after I was laid off. I didn't have so much as a nibble anywhere else. The new company barely made it through but it did. The pay wasn't great but I mostly enjoyed it, I learned a lot, and it directly led to knowing the person who brought me into my current role. So far this is nothing like that from what I can tell. People are taking longer to land positions and at least some of the highest compensation will be very hard to come by, but there seem to be lots of positions. They may just be in insurance companies rather than prestigious tech companies.
- wyclif 4y ago
  Tend to agree with this take according to what I'm seeing while currently interviewing. Not as many sexy tech jobs in cool startups, but still plenty of boring jobs in banking/fintech, insurance, enterprise, etc.
- scarface74 4y ago
  There was no “nuclear winter”. I was an ordinary enterprise dev working for profitable enterprises like banks, insurance companies, etc and jobs were just as easy to come by from 1996 -2008.
  - nikau 4y ago
    Exactly, a lot of the people who never got back into the industry should never have been there in the first place, eg. website designers using frontpage and getting paid the close to the equivalent of $200K in todays money.
  - ghaff 4y ago
    I think part of it is that a lot of dev/tech-adjacent jobs that basically had to be done at a tech company or a company that depended on tech companies pretty much went poof. I'll believe that strictly dev jobs were still available (though that's not the common wisdom). It's probably also true that developers at trendy tech companies couldn't imagine slinging Java in insurance or banking. In my case, I had worked for a computer company as a product manager (with some coding on the side) and then an IT industry analyst--and there was very little in that vein.
    - madrox 4y ago
      It's beside the point, but I think you're forgetting that Java was trendy 20 years ago. That didn't change until Ruby and Python came on the scene a few years later.
      - ghaff 4y ago
        Yeah, probably COBOL and CICS would be better examples in that timeframe.
    - scarface74 4y ago
      Exactly, they would have rather gone hungry than suffer being an “enterprise developer”
      - ghaff 4y ago
        And, in fairness, they may not have really had much experience with mainframe, AS/400, etc. technologies. I probably wasn't going to hire a front-end HTML developer to write my business apps. Yeah, there was a fair bit of Webifying apps going on but probably a lot of mismatch between startup devs and enterprise devs in that period.
Baljhin 4y ago
I must have grown up in a parallel universe of the dotcom era: one of the biggest reasons -- and criticisms of - the dotcom Bubble growth was due to too much and easy (wait for it...) VC money. Back then, literally any wild, and foolish, idea that you could smack 'Tech' onto was guaranteed to get fast & easy investor money. >Back then... Oh wait...
- flakeoil 4y ago
  For reference, around the year 2000 the interest rates were around 5% (the fed rate). So, no, in general terms there were no easy money then compared to today (or the years up to today). But sure, a lot of the money that was around at that time went into IT/dotcom companies instead of into other sectors.
- madrox 4y ago
  To be clear, you're correct. That was this current wave's web3. Once the bubble burst, though, money stopped being so easy. That's the period we're about to come to now.