Cost
The total cost of the work done in preparation for Y2K is estimated at over US$300 billion ($405 billion in 2013 US dollars). IDC calculated that the U.S. spent an estimated $134 billion ($181 billion) preparing for Y2K, and another $13 billion ($18 billion) fixing problems in 2000 and 2001. Worldwide, $308 billion ($416 billion) was estimated to have been spent on Y2K remediation. There are two ways to view the events of 2000 from the perspective of its aftermath:
Read more about this topic: Y2K Problem
Famous quotes containing the word cost:
“I knew that the wall was the main thing in Quebec, and had cost a great deal of money.... In fact, these are the only remarkable walls we have in North America, though we have a good deal of Virginia fence, it is true.”
—Henry David Thoreau (1817–1862)
“The true reformer does not want time, nor money, nor coöperation, nor advice. What is time but the stuff delay is made of? And depend upon it, our virtue will not live on the interest of our money. He expects no income, but outgoes; so soon as we begin to count the cost, the cost begins. And as for advice, the information floating in the atmosphere of society is as evanescent and unserviceable to him as gossamer for clubs of Hercules.”
—Henry David Thoreau (1817–1862)
“Apparently, a democracy is a place where numerous elections are held at great cost without issues and with interchangeable candidates.”
—Gore Vidal (b. 1925)