This is just a personal anecdote. It is the very definition of survivorship bias.
I graduated into the dot com bust as a programmer and made it – you will too
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Re: I graduated into the dot com bust as a programmer and made it – you will too
#32In the age of RSUs, graduating in the middle of a recession is financially incredible IF you managed to get the job before all the hiring freezes AND it is at one of the publicly traded big N companies with good trade volume. Your RSU price is lower, you get more stock units for the same dollar amount at the time of joining in your initial grant (arguably much more important than refreshers). I have a friend who rece…
That's not that financially incredible. That's the price that MSFT was at less than a year ago.
Glad someone else noticed this. We are yet to have a crash from the coronavirus pandemic. You'd need another compound 50% off before I call it a crash.
Re: I graduated into the dot com bust as a programmer and made it – you will too
#33Financial crisis is nothing new to the current working generation. We're getting kind of good at it I think..
It’s been every 7-8 years for me for my entire life. I find it very difficult to make large bets.
Re: I graduated into the dot com bust as a programmer and made it – you will too
#34I graduated at the height of the dot com era and haven't made it - you may too.
Re: I graduated into the dot com bust as a programmer and made it – you will too
#35College degree is not really a factor in making it or not.
Re: I graduated into the dot com bust as a programmer and made it – you will too
#36In the age of RSUs, graduating in the middle of a recession is financially incredible IF you managed to get the job before all the hiring freezes AND it is at one of the publicly traded big N companies with good trade volume. Your RSU price is lower, you get more stock units for the same dollar amount at the time of joining in your initial grant (arguably much more important than refreshers). I have a friend who rece…
Finding a job in the middle of a recession is financially incredible
Re: I graduated into the dot com bust as a programmer and made it – you will too
#37Of course you will. Some jobs are more prone to periodic layoffs than others. STEM jobs are pretty safe compared to the people who work 9-5 in retail (the people who are actually suffering right now).
Re: I graduated into the dot com bust as a programmer and made it – you will too
#38This brings back so many memories. I graduated with a Comp Sci degree from a well-regarded university. I had friends who graduated a year earlier return to school for a different degree because there was just nothing available with a degree in CS. So demoralizing.
I graduated a year later and took a job making a little over minimum wage. At that time, the most influential executives at my workplaces said software engineering in America was dead, to be replaced by cheaper outsourced Indians, and then other countries once they became too expensive. It set the course of my career. I am in tech but not a Software Engineer. Had I graduated a year later, I am sure I would be a Software Engineer today.
The fear and feeling of instability in this industry never left me.
Re: I graduated into the dot com bust as a programmer and made it – you will too
#39All of a sudden my unsexy junior dev job at shitcorp isn't so bad.
I feel you, A few months ago I hated my job and was looking to move somewhere else but now I feel ok about it. I'm still working and I get to work from home now. Things are ok.
Re: I graduated into the dot com bust as a programmer and made it – you will too
#40I didn't graduate at all, and still made it. You can too!