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What is unique I think to tech bubbles though is that the developers are often fine when the bubble bursts, they just go to companies that are built on better f
by mathattack 11y ago
What is unique I think to tech bubbles though is that the developers are often fine when the bubble bursts, they just go to companies that are built on better financials, its the executives that pay the price and have a harder time finding a new job.
This is a rare form of corporate justice, since it's the execs responsible for building a business around a lack of business. :-)
- mcguire 11y agoDon't put too much faith into it. When the bubbles burst, there are always more developers than chairs at other companies.
- ChuckMcM 11y agoBack to an earlier conversation here on HN at the time I didn't know any degreed developers who couldn't find work in the Bay Area. Yes, there was a surplus which held down wages, but part of that was mitigated by the fact that a lot of people with H1b visas ended up having to leave. It did put a stop to the folks with 2 years of experience out of college demanding "Chief Architect" type titles/roles. If this is a bubble (and I share the feeling that it is) when it pops we'll all get to add "I was there when ..." to our lexicon of stories. It is a unique time/situation so be especially observant of things going on around you to get your own sense of how these things play out. The dot com bubble/crash gave me a much better sense of business value versus business flash, and a better personal take on the difference between being wealthy and being rich.
- utuxia 11y agoWhen the bubble burst there were no jobs. it took me 2 years to get back to my dotcom salary...and 15 years to get back to an offer I turned down.
- JoeAltmaier 11y agoI just started consulting. There were lots of gigs because everybody had downsized but the work still needed to get done. I doubled my income.