Don’t Go Crazy

Don’t Go Crazy

If you act based upon what newspapers and magazines suggest and infer you can go crazy. This is true from investment advice, the latest fashions and trends, and certainly true of the labor market.

For several years, newspapers and magazines were incessantly reporting on the demise of the US technology labor market. For the first time, large numbers of people were being laid off (200000 lost their jobs during the last recession). Parents were telling their children to forsake tech as a career. Outsourcing was going to destroy the future.

Now when you read the Money Magazine http://money.cnn.com/magazines/moneymag/bestjobs , you discover that two of the top ten jobs are in technology (the #1 position is software engineer). In its cover story, Informationweek (http://www.informationweek.com) reports US IT employment hits a record high in numbers of jobs, job security and satisfaction are on the climbing and that the median salary for managers is now just under 6 figures ($99000 to be exact). All this while offshore outsourcing is continuing to grow dramatically.

And, watch this—the data includes non-US labor (people who are working on visas), people who traditionally cause salary data to be lower.

So, the forecast in technology is incredibly strong because the seeds the sow the next boom always occur during a recession.

Jeff Altman, The Big Game Hunter
Concepts in Staffing
jeffaltman@cisny.com

© 2006 all rights reserved.

Jeff Altman, The Big Game Hunter, is Managing Director with Concepts in Staffing, a New York search firm. He has successfully assisted many corporations identify leaders and staff in technology, accounting, finance, sales, marketing and other disciplines as employees or consultants since 1971. He is also a certified leader of the ManKind Project, a not for profit organization that assists men with life issues, and a practicing psychotherapist.

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