3 ms·

Just a note: In 1999, before the jobs disappeared, it was the same articles...

by berntb 14y ago

randomdata 14y ago
Does that suggest indefinitely? "Bubble 2.0" was already being talked about by 2004. Which puts only a 2-4 year lull in incomes out of a 15-20 year span.
- berntb 14y ago
  I do think there are parallels between when mainstream magazines write about X as a good profession and when mainstream magazines write about investment and shares. (The latter case is infamous for predicting bubbles.) But sure, the work market did come back. Just pity the people coming out of university at the wrong time.
  - randomdata 14y ago
    Was it really that bad? I did not have the opportunity to go to university, but I did come out of high school right after the burst and while I wasn't making $100K for just knowing HTML, I was able to do alright. And by the time the market started to recover, I had some amazing experience under my belt allowing me to leverage the upswing in ways someone just graduating wouldn't be able to do.
    - georgemcbay 14y ago
      Depends where you live, like anything else, but in California there was a really bad stretch around late 2000 to early 2002 where it was pretty damn difficult to find new work as a developer. Even companies doing relatively well were so worried about the future that hiring freezes were the norm across the board. If you were really exceptional and really well connected or had very attractive experience, you could still find something, but it was certainly a very difficult time for a lot of people I know working in the industry in CA around that time.
  - eropple 14y ago
    Just pity the people coming out of university at the wrong time. I chuckled at this, because I went into a CS program after the bubble burst and when jobs looked pretty scarce. By the time I came out things were rolling along nicely. I went in because I genuinely like this stuff, but the job on the other end is a nice perk.

Just a note: In 1999, before the jobs disappeared, it was the same articles...

by berntb 14y ago

Just a note: In 1999, before the jobs disappeared, it was the same articles...

Does that suggest indefinitely? "Bubble 2.0" was already being talked about by 2004. Which puts only a 2-4 year lull in incomes out of a 15-20 year span.

berntb 14y ago
I do think there are parallels between when mainstream magazines write about X as a good profession and when mainstream magazines write about investment and shares. (The latter case is infamous for predicting bubbles.) But sure, the work market did come back. Just pity the people coming out of university at the wrong time.
- randomdata 14y ago
  Was it really that bad? I did not have the opportunity to go to university, but I did come out of high school right after the burst and while I wasn't making $100K for just knowing HTML, I was able to do alright. And by the time the market started to recover, I had some amazing experience under my belt allowing me to leverage the upswing in ways someone just graduating wouldn't be able to do.
  - georgemcbay 14y ago
    Depends where you live, like anything else, but in California there was a really bad stretch around late 2000 to early 2002 where it was pretty damn difficult to find new work as a developer. Even companies doing relatively well were so worried about the future that hiring freezes were the norm across the board. If you were really exceptional and really well connected or had very attractive experience, you could still find something, but it was certainly a very difficult time for a lot of people I know working in the industry in CA around that time.
- eropple 14y ago
  Just pity the people coming out of university at the wrong time. I chuckled at this, because I went into a CS program after the bubble burst and when jobs looked pretty scarce. By the time I came out things were rolling along nicely. I went in because I genuinely like this stuff, but the job on the other end is a nice perk.