There may be more demand now (I don't about x10,000 more..) but there's a lot more supply too. Many of the "web consultants" Spolsky is referring to were people making 6 figure salaries for barely knowing HTML (not even CSS). The common "15 minute blog" you see in many frameworks' intro could command $n0,000 contracts.

There's no lack of hype in the current web, but that first bubble was really something to see :)