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U.S. Jobs Jumping Ship
An anonymous reader writes "As painful as February's big job cuts were, they're even more painful since many of those jobs are never coming back as U.S. employers in a wide range of industries move more and more jobs overseas. CNN has the story." Salon has a good piece detailing how job requirements are changing, asking more and more for less and less pay.
Justin Market, a 25-year-old programmer in San Francisco, embodies the shopworn stereotype of the dot-com youngster who seemed to get everything too easily. (The name is a pseudonym; he didn't want his real name published, for fear that prospective employers might question his love of the software industry, which he is thinking about leaving entirely.) Six years ago, Market dropped out of college -- school was no match for the fortunes being minted in the Internet industry. It turned out to be a pretty good decision. Market founded a company that was eventually purchased by WebMD, and, when that company went public, he became an instant millionaire.
When he was 22, Market sold some of his stock to buy an $800,000 house in the city. "I listened to everyone but my accountant," he says now, "and I didn't put enough away for taxes." He has been out of work since early last year, and has about $300 in his bank account. He's trying to sell his house, which he thinks is worth a bit more than $1 million; most of the money he gets from that will go to pay the IRS. He owes "piles and piles" in taxes, he says.
Boo fucking wooooo. I get so sick of hearing these stories. This guy came up with some lame idea, found some fool to paid way too much for it and then pissed it all away. I'm crying in my coffee for you buddy. What an idiot. Look people, if some tool gives you a million, don't buy a $800,000 house! Stick it away in the bank and and invest in something safe (Bonds and such). After about 10 years it will have doubled and you can retire for real. Don't be a dumass a spend it all on crap you really don't need.
You got lucky; whatever runs the universe smiled on you. Don't be stupid and think it will happen again because it won't.
Linux O Muerte!