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To: chic_hearne who wrote (46240)12/11/2000 3:43:59 PM
From: jj_  Read Replies (1) | Respond to of 436258
 
-wow...JNIC...wtf...



To: chic_hearne who wrote (46240)12/11/2000 4:07:22 PM
From: herringbone_100  Read Replies (1) | Respond to of 436258
 
i can't help but disagree with some of what you are saying about the labor market esp. as it pertains to the computer industy. i have been glued to my stupid computer in this industry for over 10 years and from the little i know, there is little chance there will ever be anything approaching parity with other sectors such as teaching, i believe you mentioned. i think there is still relatively high demand that is still not being met. why else are companies still busting their balls to co-op students directly in school? why are there still companies that call and beg you to consider leaving your job for one they can offer? why are new law firms springing up that deal primarily with getting visas for foreign comp. workers? why are some companies re-vamping underwater options? why are my friends still telling me that they still get 1000$ bonuses for comp. friends they can bring in who get hired? why are there still quartly bonuses?
sure, lots of projects may get put on the backburner, but there are still legacy systems that never go away and need to be supported, there are still new development projects to keep up with the competition, and in general, no one is fired or let go yet... so what if you have less to do, they still don't want you to leave cause it's a heck of a lot cheaper to keep you there doing minimal work until things pick up rather than have to hire someone new that then has to overcome the proprietary learning curve that exists.
just some thoughts- population is decreasing, not increasing. number of science/math grads is not increasing, while enrollment into colleges is increasing across population, that increase is not reflected in higher numbers for the maths/sciences.
the de-coupling of salaries for technology from other sectors will not be rectified anytime soon imo.



To: chic_hearne who wrote (46240)12/11/2000 4:13:22 PM
From: eddieww  Read Replies (1) | Respond to of 436258
 
Frankly, the problem you are describing is indicative of the recession we seem to be headed toward. The problem of falling demand/wages for labor is usually due to recessionary slowdown, not stimulatory inflation. The one caveat is the possibility of stagflation such as late '70s early '80s, which is the worst of both worlds. Can you make a case where easing and printing creates stagflation from where we are?