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Unemployment Hits New High In Silicon Valley

Though there may be some degree of cushion for IT workers in the US generally, Slatterz writes "The steadily climbing unemployment rate in Silicon Valley has reached a shocking four-year high of 6.6 per cent. Recent statistics indicate that the percentage of unemployed workers in the sunny state of California has increased to 7.7 in August — up from 7.4 per cent in July. Jeffrey Lindsay of Bernstein Research explained that a number of Internet firms were chronically overstaffed."

6 of 338 comments (clear)

  1. Re:Stay away from Redmond. by Anonymous Coward · · Score: -1, Troll

    Unlike your Open Sores wankary, Microsoft consistently turns a profit.

    It's the Open Sores companies that are chronically overstaffed - they are financial and philosophical failures.

  2. sex w1th a fagorz by Anonymous Coward · · Score: -1, Troll

    AnOther folder. 20 startling turn people's faces at In ad3ition, as those non gay, 'Yes' to any

  3. Re:Capitalism is dying, netcraft confirms, news at by NeutronCowboy · · Score: -1, Troll

    I could go through your argument point by point, but I'll just focus on one:

    not everybody subscribes to the protestant ethic

    Ok. So you don't want to work your butt off. Fine. Good for you. Here's a newsflash then: you don't deserve a job. You have absolutely no right to demand a job or a particular income. If you can't hack it, go home. I have no requirement to support your lazy ass. So don't complain if you're unemployed, that you can't afford the ISP fees or the latest HD TV.
    BTW, I've seen far better Marxist rants than yours. You want real rants? Go listen to the French Communist Party. There's a real Marxist platform there. Realize, however, that even in France, they're slowly dying off - because people realize that they are full of shit, and only deliver for those who are already part of the system.

    To sum it up - I'll stop waving my income-generating dick in your face if you get off my teat.

    --
    Those who can, do. Those who can't, sue.
  4. Obvious typos aren't funny by Anonymous Coward · · Score: -1, Troll

    In fact commenting on obvious typos is like a shibboleth, and it identifies you as a total fucking tosspot.

    You mods are morons.

  5. Re:Standard of living cost by Eli+Gottlieb · · Score: 0, Troll

    Yeah, except that Upstate NY is an ultra-rural shithole with little in it but farms and college towns.

  6. YEAH ITS BUSH by Anonymous Coward · · Score: -1, Troll

    Never before, in the field of human conflict, has one man, been blamed for so much, by so many, especially here on Slashgash.

        Ah yes, the old "its Bush". This guy is just everywhere and affects everything according to the Slashtard and as expressed below and is solely responsible for Silicon Valleys decline and of course /tards suffered the most, according to other /tards.

          You people are more clueless than I originally suspected and you still dont get it do you, capitalism that is and let me 'splain it to you-
    a) profit is the centerpiece of the system, making and keeping it
    b) competition breeds innovation with the exception of free, then there is no competition
    c) you cant whore yourself or your wares for nothing and expect to make a profit and
          perpetuate the cycle, stay employed or maybe even innovate

          Why are these things important, simply because the /tard practices and supports anti-capitalist ideologies/systems/lifestyles etc. whatever you want to call this crap-

    First and foremost-

    Free Digital Content means you work for free, so continue to support and practice peer to
              peer thievery and watch your digital innovations get distributed while you reap nada
              and the idea that /tards cling to is that digital content should be free so guess what
              your working for free and it just has not caught up to you yet
    FOSS Means proprietary software on which you make a living is an endangered species and so
              are you or at the very least, the proprietary market will feel the downward pressure on
              itself and its global markets of which you are dependent on to eat

    Guess what, no profit, no food in mouth and how will you profit when FREE is your new competetion and you brought it on yourselves

    The worst is yet to come for you dopes and its all your own fault since Economics 101 is at work, the path of least resistance and anything your working on of which there is a free alternative path for will just continue to erode at your wages and jobs

    Its really fucking simple and all so you can act like weasels, blame Bush or Republicans (when its really your leftist delusions and socialist-marxist tendencies) and download free digital content because your too fucking cheap or you think in some Utopiast Fools Delusion that FOSS is a basis for larger and sustained economic activity

    Ultimately the Randian dilemna takes over and its just the begining.

          Fasten your seat belts or learn a new trade quick, maybe apple polishing!

    From a SlashDope-
    And yet for the most part, the market was allowed to correct in 2000/2001. For starters, esp. after Bush came in office, he didn't have very many friends in Silicon Valley, so he couldn't give 2 shits if businesses there failed. Although /. readers probably suffered disproportionately compared to the general population in that downturn,