"For high-school dropouts, this does not look like a deep recession," Professor Katz said( economics professor at Harvard). For college graduates, it does.
Although the unemployment rate is about average, it obscures a harsher reality. A large number of the long-term jobless have stopped looking for work, making them ineligible for the government's definition of unemployment, economists say. The fuller picture reveals the labor market to be as bad as it was in the early 90's, when the unemployment rate topped 7 percent.
Originally posted by Rufus BugleWeed:
Why do you continue to cling to that meaningless unemployment statistic?
Taylor's reasoning: Sometime soon, the economy and the markets will recover. Then, a massive number of baby boomers are going to retire, leaving behind a big pool of vacant jobs with few workers to fill them.
It's not a matter of "if," he says, "It's just a matter of when."
Because of the worker shortage he is predicting, Taylor encouraged employers Tuesday to "treat our employees like gold." Soon enough, he argued, they'll have more than enough opportunity to defect.
SCJP1.4, SCWCD
Originally posted by Alfred Neumann:
I think some of you are missing his point. He is looking out into the medium long-term after this recession (which is already quite old).
...
The secret of how to be miserable is to constantly expect things are going to happen the way that they are "supposed" to happen.
You can have faith, which carries the understanding that you may be disappointed. Then there's being a willfully-blind idiot, which virtually guarantees it.
Originally posted by Tim Holloway:
The issue of offshoring has also been ignored. Not every country in the world has the same age demographics we do. Arab countries, in particular are youth-heavy. If enough IT and BP jobs are offshored, the net result may be that even in a recovered economy that the job market may be tough.
I can see this in certain professions but in IT, I'm not really *that* convinced. Firstly we attracted everyone and their brother into the field with the boom so it is very saturated.
The issue of offshoring has also been ignored. Not every country in the world has the same age demographics we do. Arab countries, in particular are youth-heavy. If enough IT and BP jobs are offshored, the net result may be that even in a recovered economy that the job market may be tough.
SCJP1.4, SCWCD
Originally posted by Rufus BugleWeed:
Yesterday's NYT egalitarian recession
Why do you continue to cling to that meaningless unemployment statistic?
Originally posted by Mark Herschberg:
I still don't see offshoring as a huge issue. It is likely to effect the OTC market, but since most software development is a custom job (which I believe cannot be easily done over the narrow communication pipe provided by outsourcing), it will not be as easily shipped overseas.
--Mark
The secret of how to be miserable is to constantly expect things are going to happen the way that they are "supposed" to happen.
You can have faith, which carries the understanding that you may be disappointed. Then there's being a willfully-blind idiot, which virtually guarantees it.
Associate Instructor - Hofstra University
Amazon Top 750 reviewer - Blog - Unresolved References - Book Review Blog
The one thing with our field is that the cost of entry is relatively low. After one year of training most programmers have learned enough to be productive. Try to find another engineering field where workers are productive after a year of training.
Michael
SCJP2
From a finance guy's point of view, poorly written code that works looks just like well written code that works. And there's no way for him to know that his maintenance costs are being driven up because his code base sucks.Originally posted by Michael Bronshteyn:
He can be productive though.
Associate Instructor - Hofstra University
Amazon Top 750 reviewer - Blog - Unresolved References - Book Review Blog
Originally posted by Michael Bronshteyn:
I have not seen a good programmer, even a junior one, who has one year of training and is good.
There is a small handful which does keep learning. These people will actually improve with time, but because they are a very small minority, it's hard to see the correlation.
SCJP1.4, SCWCD
Farmers know to never drive a tractor near a honey locust tree. But a tiny ad is okay:
a bit of art, as a gift, the permaculture playing cards
https://gardener-gift.com
|