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Good Economy? Tech Layoffs Are Up
Nerval's Lobster writes: If you look at the broad numbers produced by the U.S. Bureau of Labor Statistics, the economy seems great, especially for the tech industry: The unemployment rate for tech pros currently stands at 2.1 percent, down from 2.3 percent in the first quarter. However, that dip isn't uniform for all sectors: The unemployment rate for Web developers climbed from 2.1 percent to 3.1 percent. Computer support specialists, network and systems administrators, computer & information systems managers, and database administrators also saw their respective unemployment rates rising slightly. Layoffs and discharges for the tech industry as a whole rose slightly in April and May (the latest months for which the BLS had numbers), to an average of 441,500 employees per month. That's higher than the first quarter, when layoffs and discharges averaged 424,300 per month. That's not to say we're on the verge of a collapse, bubble, or other economic shock, but it's definitely not great times for everybody.
Well, a lot of it is. So much stuff is plug and play these days, or is easily configured to the point that you don't really need to be an expert to do it that you need fewer and/or cheaper people - or you can have people in India do it remotely. Welcome to the 21st century, where you will reap what you have sown.
>>Now it's them getting the short end of the stick and we're glad.
You are only glad tell you have to call for support on your new laptop. Wait on the phone for an hour to talk to someone you can barley understand in India. Then you bitch about the crappy support and outsourcing of jobs.
We in the tech industry may be taking it for granted that, by and large, we can hopscotch from job to job however it suits us. In the broader U.S. economy, with official unemployment still above 5%, underemployment around 11%, certain communities (such as poor, minority urban neighborhoods) well above that, and wages more or less flat or declining for the past decade, I would argue we should count our blessings. That also does not consider the situation in, say, most of the rest of the world, where the statistics paint a worse picture.
In any event, the fluctuations in the unemployment rate and layoff figures month-to-month are pretty meaningless. You still like to have the granularity of month-to-month datapoints, but the broader trends are revealed only in longer timescales.
Well, seeing as an unemployment rate of 3% or less is considered "full employment", this story is just another bullshit blown-out-of-proportion negative hit piece. Everyone gathers around to say it's so horrible, the government ought to do something, etc. I would ordinarily write this kind of crap off due to Slashdot's ridiculously bad editors, but in this case it seems it is another 'jobs' story required by Dice.com to add value to this website by helping to gather data. The article represents nothing but meaningless noise on a graph.
Shutting down free speech with violence isn't fighting fascism. It IS fascism!
No, the reason there is increasing unemployment while also a shortage is because to become a tech worker you just have to collect a degree. To become a useful tech worker, you have to actually have some skills.
Lots of people want to become tech workers because of the promise of a quick fortune. A limited number will have actual skills (but without the passion) and might find a comfortable niche where they can charge out banker sort of rates for their services. A small number won't have any tech skills but will recognise this early and move into management before they are found out. A much larger number aren't even smart enough to figure out how little they know and get stuck complaining until they eventually attach themselves to a clueless corporation awash with money.
In the alternate world of people who work in tech because they enjoy it and can actually get things done, there is a huge shortage.
I agree. By almost any metric you choose to use since he came into office, with possibly the exception of the national debt, we are better off now. I remember the end of Bush's term well and it was quite fucking scary.
It's easy to blame the last two presidents, but they're powerless compared to those who are really responsible for the current awful state of the global economy: Baby Boomers.
The Baby Boomers in the United States inherited one of the most successful, stable, equitable economies to have ever existed. Jobs were plentiful, innovation was rapid, inflation was minimal, and the economic machine ran very smoothly.
The earliest Baby Boomers started getting real influence within academia and government starting in the late 1960s, and within business starting in the early 1970s. The 1960s were a decade of wonder, even to the point of getting humans to the moon, not thanks to the effort of the Baby Boomers, but thanks to the effort of the generations who came before them. Almost as soon as the Baby Boomers started getting seriously involved in governance of the nation, of its academia, and of its businesses, things started going to hell.
Baby Boomers in general are best described as a "rotten" generation. They are very self-centered, with massive egos, and a complete lack of sensibility. They are sure they are right, even then they're obviously and hopelessly wrong, and will remain oblivious (or wilfully ignorant) to the point of disaster.
The 1970s were the first disaster caused by the Baby Boomers. Their Middle Eastern policies shot up the price of oil, harming the economy. They also managed to wreck the finances of cities like New York and Detroit. I know that some will say, "But Nixon wasn't a Baby Boomer!", yet in many ways he was very much one of them in attitude and mindset; he was just born somewhat earlier. That is why he was elected by the Baby Boomers, who made up the majority of the electorate at the time. His age aside, he was one of them, for all intents and purposes.
This progressed into the 1980s. The stereotype of the greedy, manipulative yuppie was nothing more than a description of the Baby Boomers who, due to their numbers, had taken control of much of business and government at that point. Economically, the 1980s were shameful, with major stock market crashes, recession, and finally at the end of the decade the imposition of "free" trade.
The 1990s saw the beginning of the unravelling of the economy due to the mismanagement of it by the Baby Boomers. Some may see most of the 1990s as having been economically good years, but the reality is that they were much worse than they could have been. The rise of the PC and the Internet during this decade could have improved the economy drastically, had their economic effects not been neutered by Baby Boomers.
The 2000s saw the complete unravelling of the economy due to the terrible management of the Baby Boomers. The price of a basic academic education spiralled out of control, thanks to the Baby Boomers who poorly managed such institutions, as well as the student loan industry. The economy was in tatters, with jobs being sent out of the country rapidly, yet without any sort of replacement jobs being created. Despite their earlier resistance to the Vietnam War when they were at risk of being sent to fight, Baby Boomers were very eager to start multiple foreign warzones now that they were in command and sending others off to die. We're all very well aware of how poorly the Baby Boomers ran the missions in Afghanistan and Iraq; they were complete disasters, and we're still dealing with the fallout even today.
Now half-way through the 2010s, we still see the Baby Boomers doing damage to our institutions, businesses, and economy as a whole. One thing to consider now is that their offspring, born in the 1980s, are now themselves getting into positions of power. Bred to have very much the same "rotten" attitude and mindset of their parents, we'll only see the disasters caused by the Baby Boomers prolonged by the Millennials that the Baby Boomers spawned.
Half a century ago, it would have been unimaginable for an entire generation to have been given so much, yet to have turned around and systematically squandered and destroyed it. But that's exactly what we saw the Baby Boomers do!
Obama has done a pretty good job
...of lying about unemployment, just like his predecessors before him. The published rate is not based on the inverse of the workforce participation rate. It is, frankly, invented, by ignoring large swaths of people who are out of work but not eligible to collect any unemployment benefits.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
You can't blame that on republicans obstructing his agenda when his party had full control of the house, senate, and white house.
You can blame it on Republicans obstructing the Democrat agenda when they were pushing Single-Payer Health care. This was actually the Republican health reform plan, which makes it hilarious how hard they fought against it. We couldn't have proper national health care because of the Republicans — the Democrats already tried that and the Republicans successfully stopped it. No big surprise; the insurance companies were never going to go for that, and it's corporations which truly run this country. One dollar, one vote.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
Well, how do you want to measure economic health?
With meaningful, uncooked figures. I don't care if GDP is up if the profits are going into the same old pockets. The published unemployment rate is based on who is eligible to collect benefits: it is just made-up bullshit. Stop believing it.
Average hourly wage is up ~4% (Although the MEDIAN seasonally adjusted wage is down slightly, perhaps indicating a widening gap in wages?)
Yes, we will never care about the average wage. Only the median wage and the minimum wage are relevant. Why would you think an average was notable?
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
Bullshit. He is a major CAUSE of the obstructionism, there are certainly others to blame but the brinkmanship dramatics are a direct response to Obama not willing to work toward a compromise....even with his own party.
Poor health did. All he did was pick up the slack assclowns like Scott Walker left with their right wing blather so we didn't have 2 mil new homeless.
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look to the republican debate last night: "less government regulation"
the democrats have been complicit in the failure that led to 2008 only when they have gone along willingly with the republican wet dreams about how less government regulation makes magic better world: of companies not punished for polluting, companies not punished for tanking the economy, companies not punished for screwing up the food supply, etc.
the democrats bear about as much responsibility as the guy who handed the murderer the gun. who is the real culprit here? which party loves, loves, loves less regulation?
that doesn't mean all regulation is good. some regulation sucks and needs to be thrown out. but the people behind the purse books don't fucking care about healthy environment, food, economy, etc., they want all regulation destroyed, evne the good and important parts. they just care about making as much money as they fucking can right now, fuck the rest. fuck your grandkids, fuck the poor and middle class. fuck them all: i'm making money, screw you. and which party do such people give most too and which party whines loudest about "evil regulations?"
intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
"Workforce participation rate" is a scam. Why are we better off when larger percentages of the population are working? Would we be better off as a society if every adult man and woman was working full time? The "workforce participation" rate was much lower in the golden '50's and '60's than it is today, yet we somehow managed to survive as a society.
When did a desire for 100% workforce participation become the new normal? You've got to know when you're being played.
You are welcome on my lawn.
Well, how do you want to measure economic health?
GDP is up ~8.5% since 2008.
DJIA is up ~18.5% since 2008.
Unemployment is down ~2% across the board since 2008.
Average hourly wage is up ~4% (Although the MEDIAN seasonally adjusted wage is down slightly, perhaps indicating a widening gap in wages?)
Perhaps the reason tech related jobs are doing relatively poorly is because they are too easily outsourced. If it doesn't matter where you are physically when you do your job, then you are literally competing with the entire planet for that job. =Smidge=
I would start by not using the low point of the greatest recession in living memory as my reference point.
Right, by kicking the can down the road, and making exactly ZERO reforms, increasing the perverse incentives that caused the crash in the first place, we have made everything better, FOREVER.
The US DOJ should have arrested, charged, and convicted every one of the Wall Street bankers club and sent them to North Korea. I do not give a damn about their human rights when they acted with criminal recklessness causing the economy to collapse on a global scale. Obama is as much as traitor to the People as his Republican predecessor. For a constitutional scholar Obama should be executed for treason before December 31, 2015. Seize his children and adopt them out to some crack-whore in Chicago.
you completely glossed over the part where the republicans want less regulation the most. since reagan this is their wet dream. that you can point to democratic morons who go along with their fantasy does not absolve the party most responsible for the deregulation push
"the republicans have been shouting the most about deregulation for the longest time, by many multiples"
"well, i found some democrat morons who went along with that, so let's shift all blame to them"
partisan blindness: negate all critical thinking on the topic, just shift all blame to the party you hate the most, forget actually making sense or intellectual honesty on the topic
intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
Yes, it is his fault, because going in, in 2009, he claimed he was going to make government transparent. Of course, he continued the same policies of obfuscation and deceit, plus adding a few of his own.
Gamingmuseum.com: Give your 3D accelerator a rest.