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> All that said, we take it for granted that we’re in an industry where people go from cold start to 6 figure salaries in 3-6 months. I’ve not aware of that ever having happened in the history of the world.

There have been plenty of trained or semi-trained labour shortages in the history of the world, with similar results.



Not sure any have been at this scale and lasted for this long.


There's multiple examples of this. Looking at Detroit's boom during post-war decade of American cars. In a bigger flash of the pan examples like the North Dakota oil fields. Where unskilled labor was in extreme demand to have 18 year olds making 6 figures.

This will always happen as long as the profits are there to sustain it. But I agree with your general sentiment, having said that, its just part of the human condition. When I attend a bitcoin/ethereum meetup most of the people there are only there for the lure of the quick buck. Not the long term technical implications/learn about the projects.




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