[nycbug-talk] MSNBC on the decline of technology jobs
george at sddi.net
Wed Jun 22 14:49:16 EDT 2005
Sorry to blow away the last post from this thread. . . but like all talk
threads, I've followed this closely and want to dump my $.02. . .
Like many of you, I watched technology crash in 2000-2001. I knew a lot
of good people who were out of work for a long while, and some intended
to stay in technology, some just wanted out.
There were many I knew who wanted out, and I was happy. Nobody likes
those who don't take their trade seriously and just wants the options or
whatever. . . so many eyes were just on money.
There was a massive contraction among technical jobs, and it was so
drastic, that it went far beyond those not interested or unqualified.
Alex, there are some people we know in common who you would agree are
more than qualified and driven who were hit hard. . . we can talk at
some point about that. ..
(my situation was fine. . . my firm went under, and I was employed until
April 2002 for the liquidation of the assets. I *wanted* to consult, and
actually didn't take some full time offers. No regrets, but it was no
Many of those who wanted technical jobs, but couldn't find anything,
weren't just fools or idiots. Hundreds of thousands of jobs
disappeared. Even without looking at the raw numbers, there was a
massive demoralization when so many lose jobs at your firm and beyond.
Particularly when being in technology meant being treated like a
demigod. Then you were just seen as overhead that wasn't and never will
be a profit center. There was also resentment from management in many
cases, who felt like the technology people had pulled a fast one with
Y2K and the general atmosphere.
Anybody who doesn't see the very real trajectory from 1999 until today
is missing something. . . too isolated from the larger picture. Which
is probably good.
I had seven or so in my IT department. And the most talented just left
the industry. Of the others, only one is still in technology. Were the
others meant to be there? Maybe, maybe not. Some didn't have the
passion or drive, but we're not paratroopers.
On the individual level, we should learn the clear lessons about
continuing to improve skills and experience, personal networking, etc.
But the fact remains, technical people created neither the dot com boom
nor the bust. It was the speculation of the investors and the relevant
industries that did. Nevertheless, it was technical people who were hit
disproportionately hard in terms of employment. Of course, I'm not
talking about the millions whose retirement equity disappeared, usually
through no fault of their own, as they had invested in mutual funds,
401k's and union pension funds. . .
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