The offshoring doomsayers made it seem like offshoring would contract the domestic market, but in fact the US software labor market has grown by >100% since that time. Median software engineer compensation is up something like 90% over inflation over the same period. Clearly it hasn't been all that big of a problem for SWEs in the US.
Yep, it was a 'momentary' glitch in the matrix ... Things came back even stronger then before, and 'off-shore' just became another tool. Its still around, but it hasn't destroyed the domestic programming industry. However, it was painful for a lot programmers at the time and _seemed_ like the end of the world to them...
Which is why I say, it reminds me very strongly of the current AI trend. AI won't 'go away' - but I don't think it will 'be the end' of programmers (at least not in the next 5-10 years). It will just become another tool
