I know people who furnished their houses and sent their kids to school, off the back of the so called panic over Y2K. Software engineers and IT guys mainly.
The reality of the situation is that everyone knew about this for years before it happened, and companies got their software sorted out well before the date.
Some of these guys earned a ton of money doing this, I can tell you. And of course the whole thing about what would happen if they didn't do it in time just led to more panic, more companies employing IT engineers and therefore more cash rolling in.
I was working for a corporate bank at the time, and I worked on 1st of Jan 2000. We had hourly conference calls with people from all round the world to monitor any problems or effects...and it soon became obvious there were none. In the end, people virtually started making things up just to try and justify the expense of having all these people at work on a Bank Holiday...for nothing.
"Ummm...it's a little cold in my office today...not sure, but maybe the heating is not working right. Prett sure that's Y2K related..."
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