I have to agree completely with LongIslandGuy on IT.
We were told in the 80s that computer science would need hundred of thousands of grads.
Many went into this field, and did well in the 90s.
Then BOOOM - an implosion.
There has been a dramatic decline in IT jobs that is just not being reported. I have seen over half of the people I know in the field lose jobs in the last 4-5 years once, twice, three times, or more.
Job security is nil. Education is not the answer, plenty of people with Master's degrees and above can tell you that.
I think this is put out just to justify more outsourcing of jobs to places with cheap labor. Education will not solve this.
Someone being paid 60K in the US with benefits cannot compete against comeone making 12K-15K in India - no benefits, no environmental concerns, no Social Security, no labor laws.
So - we have people doing the rational thing - leaving the computer industy / IT, engineering in droves. I believe computer science enrollment is down 30% over the last few years.
Why borrow money to get a 4 year degree - which is not an easy one by the way to complete - owe maybe 20-40K in loans when you get out - and find that the market is terrible?
LOL what a joke.
Manufacturing, computer, and other jobs that can be digitized (watch out accountants, financial planners, tax preparers, etc, etc are continuing to decline. The slack is picked up in service jobs, real estate related jobs (what happens to them when the bubble bursts - and it will)
70K jobs in some cases traded for 20K service jobs without benefits. Statistics show no net loss of jobs on that one LOL again.
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"With labor economists predicting a national shortage of 5.3 million skilled workers and a shortage of 1.7 million unskilled workers in the next five years, the Washington region needs to begin preparing for the inevitable crunch, according to a Prince George's (MD) Community College study." |
