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:
“The President has paid dear for his White House. It has commonly cost him all his peace, and the best of his manly attributes. To preserve for a short time so conspicuous an appearance before the world, he is content to eat dust before the real masters who stand erect behind the throne.”
—Ralph Waldo Emerson (1803–1882)
“The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.”
—Henry David Thoreau (1817–1862)
“Life! Life! Don’t let us go to life for our fulfilment or our experience. It is a thing narrowed by circumstances, incoherent in its utterance, and without that fine correspondence of form and spirit which is the only thing that can satisfy the artistic and critical temperament. It makes us pay too high a price for its wares, and we purchase the meanest of its secrets at a cost that is monstrous and infinite.”
—Oscar Wilde (1854–1900)