When the dot com boom faltered in 2000/2001
Once upon a time when the www was still a
new thing, a bunch of
people realised the possiblity for income from this
new resource. Thus, the comercialisation of the www began. As computer and
internet access became more accessable via cheeper prices and more availablity, the amount of money dot coms brought in was in some cases incredible. Thus, we ended up with dom com billionare senarios where (for example) 21-year-olds were becomming
rich in some cases very quickly.
Unfortunatly, it wasen'
t meant to last. Much of the dot com income came from advertising via banner
ads and
pop-ups.
Unfortunatly, as
people grew tired of these and learned to ignore the banners and close the
pop-ups the second they appeard (and started using
pop-up blockers), the value of online advtertising rapidly fell. Suddenly, the amount of revenue gained from
ads plumeted and (as an example) it started taking
like thirty clicks or views of an ad to earn as much compensation as one would get.
Saldly, a lot of dom coms coudlen't keep up and what accounted for much on their income vanished.
In a matter of months, what was a booming industry suddenly became a bust industry. dom coms were failing right left forward and center,
people were losing jobs with their entire investments lost because the companies stock prices plumeted and the job market was flooded with former dom com employees desperatly seeking employment.
Since so many
people thought the dom com boom would last forever, they had invested a lot of money in dot com companies. They too ended up losing massive revenue and in some cases had to lay off a employees their losses were so severe.
As a result, we now have more unemployed computer professionals then any other industry COMBINED and finding a computer job is incredibly difficult.