10 Shocking Things Since The Tech Bubble Busrt 10 Years Ago This Week

[Yavin4]

A must read from Wired.com

http://www.businessinsider.com/then-and-now-whats-different-since-the-bubble-burst-2010-3#venture-capital-was-huge-it-never-returned-to-its-highs-1

Please note No. 13, which is the most telling since this was the decade of outsourcing to India and H1B-Visas. Where's the grand payoffs from all of that cost cutting? That is, if there truly was any cost cutting.

Also, DU didn't exist 10 years ago.

[WannaJumpMyScooter]

1. 10 years ago I had a job which paid

65k/yr... now I would consider myself lucky to get half that

[Yavin4]

2. And Today, They're Paying Someone In India $20K to do Your Job

With that kind of savings, why hasn't the NASDAQ recovered close to its highs?

[tridim]

3. Yep, I maxed out at $90k/year in 1999.

Today the same job is routinely advertised at $12/hr ($25,000/year). :(

[Oregone]

4. I was in college working on a Computer Science degree

When the bottom fell out 10 years, I was at some rich kid's villa in Georgia during spring break. We had just finished hiking on on some remote island off the coast with white sands, horses, and abandoned mansions. I was surrounded by trust fund babies, who were looking at the financial calamity being spelled out on the TV that morning. The markets were in an uproar, and their faces looked pale with death. As a poor kid from Oregon, I didn't understand the fuss fully. I had no stake in that market, nor any stocks to my name. I didn't understand my future was forever changed that morning, while I scoffed at theirs. When its all said and done, Ive had more opportunity chanced upon me from the fallout, but I would never know the alternative world.

Its strange to step back into the mind of a different person at such a pivotal time. Its a poignant memory that I do not think often of. Things made more sense then.