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:
“How much would it cost you to stand at the wrong end of a shooting gallery?”
—S.J. Perelman, U.S. screenwriter, Bert Kalmar, Harry Ruby, and Norman Z. McLeod. Groucho Marx, Horsefeathers, Huxley College president to con artist Baravelli (Chico Marx)
“It is not enough for theory to describe and analyse, it must itself be an event in the universe it describes. In order to do this theory must partake of and become the acceleration of this logic. It must tear itself from all referents and take pride only in the future. Theory must operate on time at the cost of a deliberate distortion of present reality.”
—Jean Baudrillard (b. 1929)
“Each is under the most sacred obligation not to squander the material committed to him, not to sap his strength in folly and vice, and to see at the least that he delivers a product worthy the labor and cost which have been expended on him.”
—Anna Julia Cooper (1859–1964)