Industry Effects Of 1 Million New Webmasters?

[kristian]

I think we can expect a rise in new entrants. This is why I ask. I think it's going to be the topic of much heated conversation over the next 2 years.

The barriers to entry are low (minimal setup costs, low knowledge requirment). Unemployment is set to rise in both the U.S and Europe. The legion of homeworkers is a steady upward trend. Popularity of boards such as this - which offer support, education, and encouragement for newbie webmasters - is on the rise. And so on.

Every organisational, cultural, and economic indicator I can bring to mind points to a rise in new entrants.

So the interesting question is how they will impact on the industry. Will it raise overal industry earnings? Or will it dilute per worker earnings right across the board?

I have my own theories but I'm more interested in what you guys think.