Wednesday, November 19, 2003

Ahh what passes for good news these days!

Ahh what passes for positive news these days in the tech sector and in the regular private sector is that the rate of job loss is slowing. In a way I guess that is better than the alternative greater rates of job loss. Nonetheless this is still negative. An 8% 2002 and 4% this last year is not going to encourage people to pick up tech as a major in college, nor is it going to [rovide and relief for the estimated 300,000 former techies who lost positions in those years. For sure this s going to continue the downward pressure on wages in the sector.

Looks like we will have to wait a few more years for any true improvement in the technology job picture. By that I only mean actual job creation rather than job loss.

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