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To: chaz who wrote (63050)2/10/2003 2:53:11 PM
From: Lizzie Tudor  Respond to of 77400
 
so I'm curious as to what you think might happen between now and then in your neighborhood.

Well... I'm a real estate bear, if thats what you mean <gg>. I think housing prices are going to fall here in the next 2 years.

But as for tech employment, it is a similar situation to the stock market, from my point of view. Most of the really large layoffs happened 18 mos ago. Now, the layoffs we see are a trickle compared to then. And no hiring for quite some time. So that means that the majority of laid off techworkers have made other arrangements, imo. Either they have reassessed their cost of living and are living on one spouses income, or they moved (lots of people have moved), or they switched fields and went into retail.... or something. So the tech worker pool is much smaller than it was for sure. Still too many people who would like to work, as mindmeld says but in real terms far less bodies.

I know of 2 companies who are doing well here (Gap and another one)... rare in this climate that a retailer is doing well but Gap actually is, and their IT expenditures have increased. They just went to websphere app server and upgraded everybody's PCs. So there is at least some truth to Chambers' saying that customer's profits are driving the stalemate in IT. If Gap saw no value in IT spending they would not throw more money at it. As it stands the gap online division is the strongest for them. So I believe an improving economy will indeed improve prospects for software vendors for sure. But when will the economy pickup ? You tell me. <gg>
Lizzie