Contrarian Indicator: New Boom Around the Corner! (Score 2, Insightful)

Folks either have really short memories, or else it goes to show the young age of most Slashdot readers, but these same exact complaints about poor ol' unemployable white collar workers were being made in '93,'94 as the U.S. was coming out of another (mild) recession following (another) war with Iraq. The figure of the IBM executive whose COBOL programming skills are no longer valued and has to go to a C++ training class (now it would be Java, I guess) with pimply-faced teenagers has alredy appeared before in Douglas Coupland's "Microserfs" (published in '96, but written around '94/'95). Sure hope Mr. COBOL-programming IBM executive didn't hang himself as the economic misery increased in the late '90's :P . Now where's my day-trading account...