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More Than 500,000 High Tech Jobs Lost in 2002

Posted by Cliff on from the and-that's-the-good-news dept.

stoolpigeon writes: "A study, released today by the AeA, shows that the U.S. high-tech industry lost 540,000 jobs in 2002, dropping from 6.5 million to 6.0 million. However, a preliminary look at data for 2003 shows that the decline in high-tech employment has slowed considerably this year."

1 of 663 comments (clear)

  1. Fix that deficit first. by openmtl · · Score: 0, Offtopic

    On the subject of programmer jobs then the writing was on the wall anyway since the first visual GUI was invented and made the assembly programmers redundant ! But on a more serious note.... US trade deficit with the rest of the world is 500 billion (or in forex speak - 500 yards). In the end this means that you are exporting 500 billion dollars every year worth of someones labour. Doesn't take a genius to work out that at say USD 100,000 per job (including all the pensions and other costs) then this 500 billion could represent in US over 5 million jobs. Its the US consumer who's exporting those jobs.

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