American RadioWorks has an interesting investigation into the longer-term effects of the Y2K scare, especially its impact on the world’s IT infrastructure. Y2K was a real potential problem, which was first ignored, but then most likely over-reacted to. But it was probably responsible for the rise of the Indian offshore IT boom. It also resulted in big productivity gains as decades of cruft were removed from datacenters during the fixes. For example, when the NY Stock Exchange was able to reassmble its systems six days after 9/11, it was because of the Y2K-related work they’d done.