The dot-com bubble was a landslide event for software developers. You receive termination letter in your inbox or may be gazing at the calendar ,waiting for the call letters ,which never ever came. You simply cannot work in the field without having something miraculous or you are doomed.
The “dot-com bubble” was a speculative bubble covering roughly 1995–2001 during which stock markets in Western nations saw their value increase rapidly from growth in the new Internet sector and related fields. The period was marked by the founding (and in many cases, spectacular failure) of a group of new Internet-based companies commonly referred to as dot-coms. A combination of rapidly increasing stock prices, individual speculation in stocks, and widely available venture capital created an exuberant environment in which many of these businesses dismissed standard business models, focusing on increasing market share at the expense of the bottom line. The bursting of the dot-com bubble marked the beginning of a relatively mild yet rather lengthy early 2000s recession in the developed world.
Seven years later, are we heading for another dot-com bubble ? You might argue that the new bubble has been in effect since mid-2006, but the direction is absolute now. The job market for software developers is every bit boomed up as it was in 1999. Skyrocketing salaries resulting in beginners entering the software development field with giant dollar signs in their eyes. The signs are all around and I suggest better get prepared .I was too young for the first bubble , but I think this one gona be bigger!
Update:- Here Comes Another Bubble - The Richter Scales
