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Flat Pay Prompts 1 In 3 In IT To Consider Jump
CWmike writes "Companies have cut salaries and training, held back on bonuses and piled more work on employees in response to the economic downturn. These tactics may well be pushing many IT pros to go job hunting, Computerworld's latest salary poll has found. More than one third (36%) of the 343 respondents to a recent poll said they are looking to move to a new employer in the next six months. And 69% reported they had not received a pay raise in the past six months. The poll was conducted during the last two weeks in September. For employers, the warning could not be more clear. As the economy improves, the most able IT workers may leave for something better."
Obama has pledged to raise capital gains taxes. Do you think anyone will want to buy stocks if the Democrats stay in power?
If the excess capacity doesn't get eaten up, the US is going to end up with the same problems Japan had. Once that excess capacity is eaten up, the Fed can raise interest rates to put the brakes on additional expansion. Feel free to poke holes in my logic. A crowdsourced solution is still a solution.
Where to begin. 1st Japan still has problems, mostly demographic but they never recovered to pre-bust levels. Your idea of just this once rescuing every Tom, Dick, and Harry with bad mortgages creates as massive moral hazard that some fresh out of Wharton graduate will be exploiting in under 5 years to make this crash look like a church picnic. Unfortunately, their needs to be a restructuring of the economy, far too much money was being made on moving piles of money around and not making shit to fix with a simple all bad mortgage debt is forgiven solution.
I laughed at the weak who considered themselves good because they lacked claws.