Six-figures out of school – or, warning signs a bubble is about to burst

I have been saving money hard upon the belief that this upcoming recession is going to wipe a lot of people out, more than usual.

I think this is similar to something the author wrote: I see people making $100k out of school who have been in industry working for 3-4 years, living paycheck to paycheck with minimal savings. They go to very nice restaurants, have 1 bedroom apartments in trendy neighborhoods, and travel.

I actually believe that the upcoming recession is not going to be particularly brutal to tech. If that's the case, the gap of the middle class will only accelerate in the bay area, and elsewhere. That scares me.

I remember the New York Times employment section in the newspaper between 1996-1999.

There were absolutely silly $ numbers being thrown around.

IIRC(apologies if my memory is incorrect), ads for IT jobs seemed to fit two major themes:

1) Y2K work, often COBOL 2) Web 1.0/UNIX/HTML

And(again IIRC) the published $ in some cases then, may not be out of line with today.