To make a long story short IT is a new industry. It is normal to have a gold rush effect. At the beggining of the first gold rushes the tools were primitive and the return on investment was scarce. Eventually people realized that not everyone could have gold if there isn't enough to go around.
Some stepped out and went a different route (some decided to become insurance salespeople, bankers etc...) and some decided to stick with it either failing or being successful.
Eventually after all the weeding out, a few people built better tools to find gold and mine the earth. Today to find gold and other minerals we use sonar systems, analyze chemistry of soil and plants and use bulldozers and explosives to mine. Think it used to be done with a shuvel and a pail.
Today we are moving from the shuvel and pail era of the IT world. Some people that were recently in IT saw it wasn't all that it cracked up to be, that you really had to be in there because of passion or talent (or both) not just because it was a good way to make good money. So some become delivery boys, others become salesmen, go back to school or find a job that really reflects their desires in life rather than their desire to make money.
Just like the car, movie, pharmaceutical industries lived through a similar rush, crash and rebirth and we can only expect it to happen in all new industries. IT is not going to be spared and I recommend to anyone that doesn't truly enjoy IT to not jump on the bandwagon now because it won't be easy. We're on the downhill slope before the next steady climb, but it's hard to say how far we'll slide down and how long. And when IT has its rebirth it will most likely not be trimphant and as great as the internet rush. It will be a lot more structured, steady and unfortunatly less exciting.
If you want real excitement in a new industry with all the gold rush effect nanotechnology and genetics are the next big thing. If you prefer something less frivolous become a waiter or a pizza delivery boy, or better yet an accountant or administrative assistant. Their lives are pretty stable!
Gary
Haran
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