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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ounce who wrote (1026)	2/4/1998 2:21:00 PM
From: Bill Ounce	Read Replies (1) \| Respond to of 9818

The skills shortage that isn't Good article, except that it ignores the vast scale of Y2K work. news.com excerpts: The only apparent shortage is one of companies willing to hire and retain a longterm workforce by offering reasonable work hours, advancement, retraining, and a modicum of job security, especially to older workers. [...] The industry has made it clear. They're not interested in retraining or retraining the current workforce, which is likely adequate for their needs. No, they want fresh bodies, preferably young or beholden ones willing to accept entry-level wages for long hours and who are either burdened with few family obligations or willing to pass them over. [...] There's no harm in encouraging the best students to major in computer science-related fields and to join the ranks of IT professionals after graduation. But one may ask why they would want to when their longterm prospects appear so bleak? Why shed a tear for these highly paid superstars? Because you're next. For years we put up with layoffs and firings in the name of globalization and the creation of the "new economy." A rising tide was supposed to float all boats. In the face of soaring corporate profits, we were admonished to wait. Now that the tide is finally rising for the workers that made these record profits possible, corporations are doing their best to ebb it by encouraging a glut of new college graduates and imported foreign nationals. The so-called new economy has survived on a surfeit of disposable workers. As the market tightens, it is facing the expense of hiring, retaining, and retraining workers for long-term employment. It's the worst nightmare the captains of the "new economy" have ever faced. And may finally be some good news out of this booming economy for the rest of us.