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Re: <JOBS> The Coming Job Boom?
Many people have moved out of the field (IT and Finance) entirely. They have
bought small businesses. Myself for example I am in the process of purchasing a
small restaraunt. So what could happen is that there will be a better job ratio
for those who stick it out.
I got a call yesterday from a place I interviewed at. I had asked for 60K as a
salary, a more than 50% drop from my last FT salary. The HR person said they
were looking for 50K, I said Fantastic lets get busy. She said they are still
seeing more people.
So I don't see any changes at all. I think it won't get better for 2 years at
least.
Gary Bligh < wrote:
All,
I hope that a job boom arises soon. So many of my friends, espeically
non-IT, are either underemployed or unemplyed.
One indicator of prosective job gains may be found by examining the Dow
Transporation Index. This index reveals a 22.39% 12 month increase (as of
today, Saturday, October 25).
One may view the Dow Transport. Index growth indicative of increased
business traffic, a sign of recovery. This would be good new, particularly I
would think for companies doing business in port cities, like Oakland, Long
Beach, etc.
http://money.cnn.com/markets/dowtrans.html
Gary
----- Original Message -----
From: "rah1420" <
To: <
Sent: Friday, October 24, 2003 7:36 PM
Subject: [EDI-L] <JOBS> The Coming Job Boom?
> Okay, so it's not a job per se, but as Father Time marches on it might be.
>
> It's apparently the opinion of some statisticians and demographers
> (and not a few far sighted employers) that as America grays and hangs
> up their ties and shirt protectors, the current "jobless" trend will
> reverse -- and actually become painful in the other direction, where
> there will be too few people chasing way way too many jobs.
>
> The article, written by Paul Kaihla in the September 2003 issue of
> Business 2.0, talks about the aging of the current workforce and the
> shrinking of the replacement workforce; the first time since the '50s
> that we haven't had both an expansion of available labor and an
> increase in the educational level. Both indices, claims Paul, are
> leveling out.
>
> He quotes thet as early as 2005 we could see shortages in many areas
> of the IT field. By 2010 it's going to start hurting employers (which
> translates into good things for employees. :)
>
> And no smart jokes about the offshoring trend -- Kaihla quotes
> statistics that say that the offshoring movement could scarcely make a
> dent in the demand even given near-flat economic growth. He writes,
> "In other words, the long term tragedy of off-shoring isn't that it's
> snatching away American jobs. It's that it can't possibly snatch
> enough of them."
>
> I've seen this argument before, and figured I'd get some discussion
> going. What do y'all think about this? Anybody else read the article?
>
>
>
>
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>
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