How do you explain the fact that Amazon, Yahoo and ebay are exceeding their own growth prospects?
Three companies out of how many bombed enterprises? Amazon and Ebay provide tangible services and have an established brand, Yahoo is diversified.
I agree there was a frothy period in the 90s that lasted 2 years. Prior to that, real business was going on, and most of that business is actually back, now. Employment isn't back, but sales are back. Well actually employment IS back, but it is not in the US.
Frothy period? That's putting it mildly. Real business in computerizing the business and home. Real business in networking business. Even that was oversold. The vast masses of crash and burn dot.coms were empty shells burning VC cash, with no product, no plan, no future. By 2000, when VCs started pulling back the spigot on the trough, and advertising revenues started plunging, the floor came out. That left a lot of frankly surplus labor in the lurch. That excess labor isn't going to be hired back, IMHO. With employers now asking for higher standards, and more work per employee, that labor is going to stay unemployed or move into other sectors.
The labor being shipped offshore isn't a large proportion of the tech labor force. The engineering, project management, and basic service tech jobs aren't going anywhere. You seem to be a programmer, so I can understand how from your point of view, the world is coming apart. Your ox is being gored.
Derek |
