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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

+0.9%

Nov 21 3:59 PM EST

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To: Lizzie Tudor who wrote (67509)	4/11/2005 2:10:49 AM
From: Elroy	Read Replies (1) of 77400

Now, today, I am hiring people for J2EE and other (more recent) engineering disciplines, and these people are billing out at lower than my 92 rate- which means they are getting about 1/2 to 2/3 of that- slave wages. This is where your argument falls apart. $30 per hour is not "slave wages", whether it is for software, construction, dental work or whatever. 99% of the population of the planet would love to work for that wage. The reduction in pay for tech jobs is just a result of more workers coming into the industry, more labor = lower cost per worker. If teaching is only worth $28,000 per year, maybe software programming should be worth $22,000 per year. You get to work flexible hours, sit around in t-shirts and shorts, eat sandwiches with the group and go to a bunch of fun trade shows. That sounds like it worth less than teaching a bunch of kids to me.

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