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when the IT market will be good again

 
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Hi,
I just wish to ask market analyst, and to take good idea, that when again the I.T market will be good and stable with good amount of opportunities.
As IT market to much extent depends on the status of US market, so my question is when US economy will be stable, that IT market boom again !!

kindly give some in depth thoughts about this topic

Regards,
Amit
 
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July 15th, 2008

It's great now, particularly in NYC, Boston and SF.


--Mark
 
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Originally posted by Mark Herschberg:
July 15th, 2008

It's great now, particularly in NYC, Boston and SF.

I would not call New York job market as very great. Financial sector is not hiring as much as 2 years back.
--Mark

 
Mark Herschberg
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The financial sector is still hiring IT jobs and plenty of other sectors in NYC are hiring IT jobs. Granted it's a bad time for finance folks.

I get a couple of unsolicited emails/calls each week for IT jobs in NYC.

--Mark
 
amit taneja
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thanks for reply

but i will appreciate if reply is given with good analysis of financial market/economy of USA, as it effect whole world IT buisiness other than europe..

talking about IT BOOM in india again... when it will be rise again in india ?
i mean indian IT job market, now not much security is there and not much jobs

I mean when US market will complete start recovering and back in track


regards
 
Mark Herschberg
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If you want to talk about India you should mention that in your original post. Remember that this is a US job board and you asked about the US economy.

Most major indicators show that the US economy is good--unemployment, productivity, exports, cost of energy on a relative basis, etc. In fact the only negative sings are a) consumer confidence, b) market indexes. While the housing market is depressed it just came off a bubble, comparing to historical norms it's not that bad (which doesn't mean that if you're in a hurry to sell it's not personally painful).

Again, aside from housing (and finance jobs related to housing) and market indexes I challenge you to show me data that things are really bad. As for stability, no one can predict that (anyone who could would make billions).

NB: Inflation is outstripping wage increases that's also a negative sign. Still the fundamentals are not that horrible. There is growth, just slow growth.

--Mark
[ July 16, 2008: Message edited by: Mark Herschberg ]
 
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Good to know that IT market in US is good, as it impact directly/indirectly other markets (UK/Europe etc.) as well. (rising $ supports this)

It is crucial for India IT workforce also, as major part of work come from there only!

but couple of weeks back there were some news that unemployment there is at highest in last couple of years, what do you feel about that.
 
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I never considered this forum as strictly a "US Job Board". But for that very reason, I think that questions - and answers - should have some indication about what part of the world they're talking about.

It may be hunky-dory in NYC, but locally (North Florida) the Java job market has shrivelled to almost nothing over the last 3 months. It probably doesn't help that one of the major industries these days around here is mortgage-related, but hiring adverts are down in all sectors and the daily summary I get has been padded with stuff Manufacturing Engineers (and I don't mean software engineers), Sales & Marketing people, and other inappropriate stuff. Also they're ignoring the geographic constraints I asked for.

That's only half the problem. What positions are being advertised are for seriously deflated salaries. We're talking low $60K for senior J2EE permanent and $40-$43/hr for contract. Even before inflation that was a slap in the face.

These days the only time I hear from a headhunter is if he thinks I want to hire an offshore development team.

On the plus side, the projected need over the long term for IT talent continues to be high, and Morgan Stanley has embarked on some major projects. Which doesn't help me, since they don't do IT locally, but I applaud their foresight. Last recession, Wal-Mart did that while K-Mart downsized their IT. Wal-Mart owns the world and K-Mart is just part of Sears, now.
 
Mark Herschberg
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Originally posted by Tim Holloway:
I never considered this forum as strictly a "US Job Board". But for that very reason, I think that questions - and answers - should have some indication about what part of the world they're talking about.



You're right, what I meant to say was "US based job board." You see I regularly remind people that if they don't list their country/state it becomes difficult to provide relevant answers and as Paul has noted this is a US based, US run, English website, so the default is to assume US.

--Mark
 
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talking about IT BOOM in india again... when it will be rise again in india ?
i mean indian IT job market, now not much security is there and not much jobs



Personally I think the answer is 'never, that ship has sailed'.
The circumstances leading to the IT boom in India have left, and have now been integrated in to the IT industry in India as a whole. What I mean is that the Indian IT sector needs to find its steady-state based on the amount of work currently available and continue at that level.

Changes in the Indian economy, exchange rate and wages would also tend to dampen any potential rise, further decreasing the chances of what happened in previous years.

Find a girl, settle down. If you want you can marry. - Cat Stevens


Personally I prefer to relax. I'm going back to working part-time from next week
 
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Originally posted by Mark Herschberg:
July 15th, 2008

It's great now, particularly in NYC, Boston and SF.

--Mark



As always, we are looking for high quality and low cost workers, engineers (including IT), scientists, doctors, lawyers, educators, managers, executives, and even politicians no matter the economy is good or dad.

Currently, the cost for the executives and politicians in US is too high compared to the rest of the world. It is why the cost of US labors is high.
 
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As IT market to much extent depends on the status of US market, so my question is when US economy will be stable, that IT market boom again !!



I'm always amazed at this kind of question. I understand why the answer is of interest, but fundamentally it amounts to "Look into your crystal ball and tell me what you see." Anyone who can predict when the economy will pick up with any certainty stands to make a tidy amount of money from it.
 
Tim Holloway
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Originally posted by David O'Meara:
Personally I think the answer is 'never, that ship has sailed'.



I'd qualify that. The days of First-World countries using India as their own personal Xmas-shopping store are pretty much gone. Everyone who could do the offshore thing has tried it.

However, the projected need for IT talent world-wide is still quite high (assuming these projections are actually worth anything), and so hiring in India can be expected to generally trend upward just as it allegedly will in the US and Europe - subject to fluctuations in the Indian and global economies.

Whether the projections are worth or not is arguable, but I can say this: If all new development was stopped and the programmers of the world fell back to merely repairing the most egregious offenses of the existing code, it'd still keep them employed for years.

The old adage that if we built skyscrapers the way we build software the first woodpecker that came along would destroy civilization as we know it was (depressingly) made long before the dot-com mania that caused "git-r-dun" to take priority over git-r-dun-right.
 
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Building a Better World in your Backyard by Paul Wheaton and Shawn Klassen-Koop
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