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Equal Opportunity Recession: Almost Everyone Is Feeling It |
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| Topic: Economics |
3:21 pm EST, Dec 16, 2001 |
... The downturn has quickly become one of the broadest on record. ... [Nearly] every large industry ... is shrinking. Almost every state is losing jobs. Unemployment has risen for nearly every group, climbing most sharply for college graduates and others who usually escape the brunt of a downturn. ... For many younger people, who have known nothing but prosperity since they entered the work force, the new situation has come as a shock. Many without work are unsure how soon they will be able to find a job that pays as much as their old one did. ... [A Boston-area temp agency] has purged a lot of the not-so-good workers and has been placing the best ones in jobs that they might not have taken before. "People will do stuff today that they would not do even a year ago." ... [Healthcare is] the single strongest sector in the United States economy today. "... never seen [personnel shortage] as bad as it is now. ... The demand is just incredible." ... For a long time ... many better-known Silicon Valley companies ... resisted the notion that the bursting of the dot-com bubble last year would affect ... plans. ... CIOs remain pessimistic. ... It is all a vivid illustration of how Silicon Valley's technology firms succumbed to their own mantra that the new economy was unstoppable. ... Equal Opportunity Recession: Almost Everyone Is Feeling It |
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Los Angeles Times: Industry Downturn Hasn't Killed Tech's Big Appetite for Top Talent |
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| Topic: Economics |
2:54 am EST, Dec 13, 2001 |
JLM: LA Times reports the ITAA says that good tech jobs are still widely available. They attribute the continued push for H1B visas to the fact that the people out of work are web designers, marketers, and dot-com consultants, when what industry needs are technically proficient business people. Tom: Its amazing how ignorant this is. Biotech companies are looking for biologists. RSA is hiring sales people. Cisco is looking for electrical engineers with an RF background. The fact is that people who work in COMPUTING are not being hired, and I've seen very little recognition of this in the press. Los Angeles Times: Industry Downturn Hasn't Killed Tech's Big Appetite for Top Talent |
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| Topic: Economics |
8:13 am EST, Nov 3, 2001 |
Economist on the recession. Honestly, things seemed to be looking up right before the attacks. They look grim now, and this data really shows it. Economics is driven by mood, and the fact is that no amount of government tax XYZ is going to solve what is, in essence, a marketing problem. People need to feel hopeful and secure. IMHO the big mistake Japan is making is that they aren't attacking that perception problem at its root. Economic highs are not driven on fear, and Japan has proven that hard economic lows are not fixed by monkeying around with financial policy. We need to kick the investment community in the ass. Now is the time to buy, and a little buying would go along way toward loosening up the labor market, which will fill in safety net that has been pulled out from under workers. Recession |
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Slashdot | Slashdot Updates |
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| Topic: Economics |
1:56 am EDT, Oct 24, 2001 |
"[...] a little about advertisements and subscriptions. Slashdot continues to grow: our traffic has increased by like 10% in the last few months, and simply selling the banner ads you see on top of each page isn't going to be enough to keep us afloat if we keep growing. And selling banner ads in 2001 is an awful lot harder then [sic] it was in 1999. The change will be a different ad size on the article page. Currently we have the standard banner size on top of all pages, but soon the article pages will instead have those huge square things that you see on CNet or ZD. I know this will be unpopular with many people, myself included, but when we make the switch, we will also have some sort of subscription system where you can pay a fee to disable them honestly. [...] Slashdot is now four years old ... and I want it to still be here four years from now. I hope you can understand the expensive reality associated with making this site happen every day for a quarter of a million readers." Slashdot | Slashdot Updates |
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