If you want to look at what happened to advanced economies that got a taste of credit bubbles Japan is a very good example. 40 years later and still have not reached their ATH.
So if that dot com bubble lasted 2 years, this recession will last a lot longer.
In addition the door is closing on entry level junior SWE positions other than FANG. Many businesses do not want fresh grads or bootcamp coders. The tools have gotten so good that they have automated/replaced much of the grunt work. So it is down to experience.
Generation Z is utterly screwed and its sad because they live in the product of the world created by our generation and the previous.
We are witnessing the beginning of the end of small governments. The only path to stability is no longer the markets but a large government that struggles with growing wealth gap, aging population, healthcare.
As in the past, 3-sigma recession was always followed by a global armed conflict. George Soros talk at Davos confirmed this.