Re:We didn't start the Fire (2.0)
by awt on Tuesday December 04, 2007 @01:38PM
(#86019)
It feels like a bubble in many ways -- full employment (of programmers anyway), tons of "me too" sites. Interestingly there's also probably another recession coming on soon, which will probably have a negative impact one way or another. If we're not in a bubble, we may be at the crest of some sort of ripple or wave at least.
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The reason behind full employment of programmers is actually pretty down to earth.
Enrollment into CS programs dropped dramatically when the bubble burst, and has remained low to this day, even though the market recovered in only a couple of years after the crash. It's a matter of inertia, really: it takes a few years for people's perception of the job market to adjust and 4 more years to graduate.