[reissbaker]

I don't think this is dot-com-crash bad yet, if you mean that tech workers specifically are in dire straits. The major Bay Area employers like Google, FB, Apple, Netflix, Amazon, etc haven't had layoffs; it's mostly small startups. Some of the large companies are even outperforming currently (Amazon and Netflix are at all-time highs).

But if you mean dot-com-crash bad in terms of the economy in general crashing, oh man are you right. This is an economic free-fall for most of America.