[krakensden]

The biggest beneficiaries of the tech bubble were the investment banks who set up IPOs for a considerable fee and a chunk of equity, that they then flipped. Some tech people incidentally got rich, and that's what everyone remembers.

In a larger sense, it's true that essentially all programming jobs could be outsourced. The fact that programming jobs are vulnerable to this and executive jobs aren't is because those executives have much more control over money, and a larger supply of it. This will not be true forever, and you are slowly going to see the financial industry leak out of New York into other parts of the world, where people will do things like replace mortgage agents with small shell scripts.

Just because something is true today doesn't mean it will be true forever.