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."
move to India ;)
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Guess I better stop reading /. and get to work.
If libertarians are so opposed to effective government, why don't they all move to Somalia?
These people are not unemployed, they are working at home, preparing Web 3.0!
Do not trust this signature.
How many people have become unemployed and then taken a job at 2/3 of the salary? How many people would like to be employed but not registered as unemployed (e.g. wife/husband still has job)?
How many people put up with crap they'd normally resign over, because of the state of the jobs market. In my experience when unemployment is over 4 or 5% this affects 10 to 15% of the employed too.
Employers are being very picky - they demand an exact skills match. They demand you are already familiar with the exact software package you are using. They're no longer willing to retrain even for permanent roles, or even let you read the manual. It's getting specialized, and IMHO the specialization has got ridiculous. It's no longer enough to be a C++ Programmer for example, if they're hiring a C++ Programmer for Embedded Systems. They can afford to be that fussy. A lot of tech that was popular a few years ago has died out. Don't waste time applying for jobs unless your resume is a perfect match. Instead think about taking some time off to retrain. Java is still in demand for example. Or start your own company. Or switch to something else. IT is fun, I guess, but if you want to make money there are much more lucrative businesses.
Will Rogers famously said some time in the 1930s during the Great Depression, "A recession is when you neighbor's out of work. A depression is when you're out of work!"
To all of you in Silicon Valley: I hope it's just a recession.
Free Martian Whores!
good point, quality is pretty high there.
I don't know why I rated an 'offtopic', I'm deadly serious. The weather is better, cost of life is much lower and there is plenty of opportunity to be employed in the IT field, especially as go-between.
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Well the standard of living cost so much in CA. Why not employ someone who lives in say Texas for $65,000 a year. Rather then pay for someone who lives in CA for $85,000 just so they can afford their standard of living. Who knows maybe everyone can start flipping houses and sell a 1,000 sqft house for 1 million and change.... Oh wait that market crashed too.
I smoked pot once. But I DID NOT inhale. Will you hire me?
there was an ad once, in a major turkish newspaper for a mechanical engineer.
They required that the applicant should have a BS, MS in mechanical engineering in an obscure field, that the applicant knew excellent Russian, English, Turkish and Arabic, s/he didnt have any issues with traveling and the list went on.
The only thing missing in requirements was an astronaut certification.
The ad became famous.
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The weather is better
That one is arguable, depending on personal preference and depending which Indian city we are talking about ... four straight months of 38C with 90% humidity isn't everybody's idea of fun.
And there are other lifestyle challenges in India that are not to be entered into lightly by the average westerner.
If libertarians are so opposed to effective government, why don't they all move to Somalia?
IT workers are cushioned from the US economic downturn.
It's a choice we all have to make eventually: live where there is lots of money and employment prospects are good, or move away from the Neverland Ranch for the sake of our children.
Wait a minute, didn't this happen already in 2001?
My advice: learn how to fail on Wall Street and ensure a massive golden parachute for yourself
He who knows best knows how little he knows. - Thomas Jefferson
But I thought that IT Workers Cushioned From US Economic Downturn. I mean, I read it on Slashdot just a few days ago!
-JS
Vanity of vanities, all is vanity...
Any one run into "delhi belly" when your were over there?
There's no shortage of IT workers. There's a shortage of IT workers able/willing to work for the salaries/benefits companies are offering.
I wonder how many workers in the Valley are unemployed because of the incompetence of said recruiters? I think it's quite possible that there's jobs out there that are a match with an unemployed worker, but the recruiters (who you have to deal with if you want a job) are too stupid/ignorant/incompetent/lazy to do their jobs properly.
Never underestimate the power of stupid people in large groups.
I just know, that with enough free time, I will be the one to take down Exchange Server! That's right, ME! I can DO it!.
First, I'm going to toss out all that stuff that nobody uses, because essentially, we are talking EMAIL here, right?
And now that I am unemployed, I don't have to waste my weed money on CalTrain, bitches!
This is an interesting problem that I've seen repeated almost every place I've been (caveat: I'm a contractor). Businesses often take the approach that if IT's broken, it must be due to a lack of staffing either in skills or numbers. In reality, often IT is broken due to a lack of decision making prowess in upper management. IT is treated as a toy box and milestones and scope are like melting jell-o in terms of their definition and stability. Not getting the result you personally want out of IT? No problem, hire the next guy through the door that talks a good talk. In the end, IT is the one area that suffers the greatest harm due to 'too many cooks in the kitchen' and as such, 'this'. I hate to say it, but IT needs to bleed a little bit if order is to return.
"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.
The steadily climbing unemployment rate in Silicon Valley has reached a shocking 100-year high of 110.10011 per 1100100. Recent statistics indicate that the per1100100age of unemployed workers in the sunny state of California has increased to 111.10110 in August -- up from 111.01101 per 1100100 in July.
There, fixed that for you.
Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
Dear Mr Coward,
We still haven't heard back from you regarding the position we contacted you about a week or so ago.
We are looking for people post unsubstantiated claims, anonymously to popular web sites.
Please respond as there is a shortage of qualified workers,
Recruiter
This sig is alpha and shouldn't be viewed on production machines
Let us ask other questions.
yes, lets
How many are too afraid to take on a new job because they feel they might not measure up?
How many do not have the financial means to get training to get that jobs? have you seen those cisco training courses? bat crazy money
I would like to ask you what makes you think that *everybody* can work like that? or should work like that? what kind of attitude is that towards the 40-hour week? there was blood on the streets to win those 40 hours and now you're implying that we should go back to working day and night? I thought i worked to make a living, and not the other way around.
How many are too lazy to learn new skills because it might be hard, get in the way of WOW, or posting on boards?
How many are not willing to put in to learn new skills because they'd rather put their time towards raising their children or going out on a date or staying home with their girlfriend and oiling her hair/giving her a backrub?
maybe not everybody is lazy
Guess what, those working only 40 hours a day won't get anywhere.
not everybody has the same physical/psychological strength to work those hours. and by work i mean both make a living and learn something new. if you can do it, more kudos to you. why are you berating those who cannot? or will not? why are you creating a hypothetical social/work scale where everybody has to measure the size of their dick compared to yours?
furthermore, where are we supposed to go? wtf? is there a "destination" planned? cuz i didn't get the memo.
There are a lot of jobs out there. If you go through life in your 9 to 5 relying on things never changing you will get stung. When the job you had is lost it can be blamed on the economy many times, however not being able to get a new one rest on yourself more than not.
the idea of changing 4801840938 jobs in a lifetime may not be comforting to everybody for reasons of personal priorities and/or preference. i hate looking for a new job. it's draining me, psychologically. Life is not a dick measuring competition, again.
It's only in Western Capitalism that the idea of financial insecurity and instability pushing people into staying with there jobs
insert marxist rant here, but still, please get off your high horse. not everybody subscribes to the protestant ethic
----
"Shocking high" ??? The world's average is 30%, and where i live, its 25%.
Now at 10.7 pct for August. Counts part-timers looking for full-time work, the discouraged etc. at 10.7 for the US.
I couldn't find numbers for silly valley, but my gut feeling is that it is above the national average there.
putting the 'B' in LGBTQ+
here's the link for the U6
http://www.bls.gov/webapps/legacy/cpsatab12.htm
should have posted it to begin with.
putting the 'B' in LGBTQ+
There's a shortage of people who have ten years of experience in technologies that have been around for only five years.
With a nick like 'oldspewey', I'm not really surprised. :)
There's a good reason.
Recruiters ask for impossible qualifications, such as 10 years experience with some technology that has only been around for eight, plus five years of experience in some completely unrelated product that not many people use, anyway. The set of people who have even used both products is vanishingly small, and the people who have the required years of experience simply do not exist.
So the only people who respond to the job advert are incompetent liars. Recruiters bring the liars to you, and you realize they are fools. So the recruiters decide to UP the requirements for the position to try to filter out the fools. Of course, this just makes it WORSE as they list even more impossible qualifications.
If you want to hire competent people, don't make impossible skills and unlikely experience combinations a requirement.
A slashdotter who didn't build his own computer is like a Jedi who didn't build his own lightsaber.
I completely agree, most of the people that recruiters send to us are utter incompetents... I read a few more of the children before I replied to this one...
To put this in a way that slasdotters can understand. It's trying to hire an auto-mechanic, the people that the auto-recruiters are sending you barely understand how an engine works, they get the concept of: exploshuns and pistons. (Therefore they feel qualified for the job) But they don't get things like the differences between a 2-stroke, 4-stroke and/or a diesel, and they sure as hell don't have an understanding on how the electrical, fuel, cooling, etc etc... systems work together to make the car go forward.
java scares me
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I know it's bad form, but I just have to add one more sentence to this...
I completely agree, most of the people that recruiters send to us are utter incompetents... I read a few more of the children before I replied to this one...
To put this in a way that slasdotters can understand. It's trying to hire an auto-mechanic, the people that the auto-recruiters are sending you barely understand how an engine works, they get the concept of: exploshuns and pistons. (Therefore they feel qualified for the job) But they don't get things like the differences between a 2-stroke, 4-stroke and/or a diesel, and they sure as hell don't have an understanding on how the electrical, fuel, cooling, etc etc... systems work together to make the car go forward.
Nor do they understand that problems in one of the systems can/may cause a different system to show the symptoms.
What, because someone doesn't want to work themselves to death they must be living off your teat? What an ass.
By the way, parent didn't make a marxist rant, they said 'insert marxist rant here', perhaps you should read more slowly. Also, I don't owe you a living just because you can't read accurately.
Sounds just like Mississippi.
Well put!
If you choose not to subscribe to a particular work ethic (or any 'ethic', for that matter), good for you... but be prepared for the consequences.
I didn't like my job, and realized it would go nowhere, so I went back to school and got a new degree in a new field. I then shucked my high-paying job for an entry-level software engineering position... and worked my way back up.
I took the consequences. I worked the long hours with school. It was my choice.
If you choose not to do that, that's fine. If you want to spend your time rearing children (or whatever) instead of learning new skills, more power to you. Just be prepared to accept consequences.
For the overwhelming majority of people, life is about a series of compromises. What is so wrong with that?
You may be a troll, but I'll reply anyway.
My dad was a workaholic and he went "far" in his job, moving up the ranks and earning a six figure salary. How did he achieve it? He spent his nights at home writing memos and reports. He was never more than an arm's length away from a laptop with his email client up. His cell phone was ringing constantly--dinner, nights, family time, no event was so important that he had to turn off the cell phone. He would have been a hero in your eyes.
What was the result, however? He became grossly overweight, sick often, irritable, and in the end he ran off with some tart who was apparently okay with his lifestyle (or perhaps it was his money).
I'm not writing this to complain about bad fortune or whatever (I'm doing fine currently), I'm just writing this to show why I'm going to be lazy, at least according to your definition (working 40hrs a week). Like hell I'm going to work myself to death simply to enrich my employers.
In fact, I've been researching inexpensive housing and increasing living efficiency so that I can thrive when unemployed or on a low salary. I prefer living simple and happy to living large and depressed.
1) All of California isn't silicon valley or even high tech. A lot of those lost jobs have been in housing and farming.
2) 1,200 of those jobs were financial sector. Sure some of those are IT, but clearly not all of them and it's unlikely they're a majority.
3) "trade, transportation, utilities" aren't areas where you see a lot of IT.
Frankly, this isn't nearly as bad as the dot com bust and there are good jobs to be had, but companies are watching head count and so people who don't interview well, only got into tech because of the $$$ not because they'd be any good at it, have little to no experience (You're just out of college? Great! What OSS project did you work on? == blank stare) or can't work well with others are going to find their options very limited.
My company has been hiring and I'm constantly amazed with the large quantity of crappy resumes and relatively few well written ones. And I'm not looking for people who double majored CS/EE at MIT, just people who are competent, bright and have a real desire to learn.
Here's a newsflash then: you don't deserve a job. You have absolutely no right to demand a job or a particular income.
More breaking news! Now this: The employee doesn't have a right to the job. The employer doesn't have a right to the employee.
I just bought some property in the Bangalore area. The condos I bought were a third the price they are here in the far New York suburbs, and if memory serves, the last time I looked in Silicon Valley, it was a good bit more expensive there than here.
I know quite a few people that have moved back from the US and actually run pretty impressive IT outfits.
They all got their education states side and they moved back as soon as their finances allowed them to.
They live a pretty good life in India and I don't think there is any amount of money that would entice them to go back.
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As a long-time Silly-valley resident, I've seen this phenomenon before. Senior management actually get bonuses directly proportional to the amount "saved" by downsizing. Right now, looking at the traffic patterns around here, we see a total drop in traffic on the roads, but an increase in both high-end managermobiles and in bluecollarmobiles (cheap SUVs). It's not a good time to live here, unless you happen to be in the pointy end of the pyramid. Jaded? Yeah, so what?
.nosig
I used to think those ads were there to catch out the liars and bullshitters so they could be blacklisted.
That was when I was young and naìve.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."