So if you don't me asking, what sort of trends are you prepared for, and what are you doing to prepare?
Computer security is probably less likely to be outsourced to foreign workers in the future. Especially in government IT that requires a security clearance (my current job). So I'm studying for the security certifications to jump from $50,000 per year to $100,000 per year when I change jobs in the next few years.
With the poor and the rich being exempt from paying taxes, the tax burden will fall heavily on the middle class in the coming years. I'm planning to open a personal investment corporation (a.k.a., family office or hedge fund), build up a profolio of dividend-paying stocks, and put $53,000 per year into a qualified retirement account (an IRA account only allows $6,500 per year and the tax deductions phases out at higher income levels). Existing tax laws is quite favorable for corporations. I don't see that changing in the next 20+ years.
Not all of them. I've been doing computer security with a security clearance in government IT for nearly two years. The prime contract is fully funded for the next three years. We're still hiring more American citizens with 10 to 20 years of IT experience to meet the increasing workload. I'm making 40% less than a private sector job, but paid federal holidays, 20 Paid Time Off (PTO) days, and a full benefit package makes up for the difference.
As Southeast Asian countries develop a middle class over the next 20+ years, fewer people will want to travel abroad to work in the US. With baby boomers retiring at the same time, IT will have a shortage of skilled workers.
Unfortunately, tech types rarely understand economics because they do not understand, among many things, human activities.
Baby boomers are retiring and the workforce (tax base) is shrinking over the next 20 years. Social Security and Medicare will consume two-thirds of the federal budget. Taxes will go way up to pay for everything else. These are undeniable economic trends. You can plan for this or you can pretend it won't happen. I'm planning for it.
I think what you mean is that you based your career on a study that there will exist a higher scarcity of IT labor than other labor (such as dish-washing) because a higher price would be paid due to the higher scarcity.
Look for shortages and capitalize on them. That's the way to thrive in software/IT.
I had several friends who abandoned computer programming in college because health care became the new money major for everyone to enroll in after the dot com bust. In fact, I was told repeatedly that I was crazy to pursue a technical career. My friends make more money in health care than I do in IT, but they hate their jobs because they don't like being around sick people. Ironically, some of my best paying IT assignments were from working at hospitals.
The funniest was when one "IT Director" replied to that very question with "Why should you care? You're just orchestrating the servers?" Why was it funny? Because the look on his face was priceless when I told him that "Well, I won't blindly slave away for some random VC chump, good luck finding someone stupid enough to work for you, and the interview is now over. Good day, gents."
I had a interview with 3DFX in 1997. The interview with the QA manager went as expected, but fell apart when I got interviewed by the PR manager. If you ever read the Dilbert comics, a hardware company run by the marketing department was doomed to fail. I declined the job. A few years later, they decided to compete with their own customers by manufacturing their own video cards. Not surprisingly, they filed for bankruptcy in the dot com bust.
I also had an interview with Nvidia in 1997. That lasted four hours as a dozen engineers interviewed me. I didn't get the job. Not surprisingly, they're still around.
You are still not understanding the terms you are using.
I based my technical career around an expected shortage based on well-defined demographics in the long-term future. Not a perceived shortage to suppress wages by hiring managers in the short-term future.
And when their gamble doesn't turn them into a millionaire, they're ready to blame the whole country.
I had a friend who got a receptionist job and became one of the early millionaires at Yahoo. She quit Yahoo, took her million dollars to buy a house in Silicon Valley and put herself through college to become a school teacher (her dream job). Friends from failed startups were extremely bitter at her for being one of the lucky ones. More so because she was in the right place at the right time and wasn't even a techie.
After the dot com bust, I saw a study that the IT industry will have a critical shortage of skilled workers from baby boomers retiring and Southeast Asian countries stop exporting their workers by 2035. I went back to school to learn computer programming and get my technical certifications. I got out of a dead end job in the video game industry and got into the IT industry. I'm looking forward to making more money over the next 20 years as the shortage becomes a reality.
My Democrat friends post another fake graphic every day showing how the economy is doing just *great*, better than ever! and everybody has a job and Obama has saved us.
My Tea Party relatives in Idaho send me emails about how terrible the economy is with 92 million people out of work, how black women will cut off the heads of white men with guillotines and black men will rape white men at FEMA camps, and Donald Trump will save us from our sins. Another day in the right-wing echo chamber.
I read about Spoonrocket. It is nothing but a restaurant that delivers food in San Francisco.
The owner of FarmGirl Flowers, a flower delivery service with an ecommerce website in San Francisco, declined to do a on The Profit TV series because she thought it was worth a lot more as a tech startup.
For those of you who don't read The Wall Street Journal in the morning, companies are hiring in San Francisco.
More companies in San Francisco plan to add new jobs in the next six months than in the last half year, according to a new report, bucking concerns about a tech slowdown and its impact on the region's economy.
The 40-hour week is a socialist conspiracy. Those who believe in it are Unamerican. Get your facts right.
I haven't worked overtime in the last 10+ years. My employment contracts with Fortune 500 companies and the government forbids me from working over 40 hours a week. No one wants to pay overtime.
That's funny. The U.S. Constitution was written 240 years ago when the horse-and-buggy were still popular.
I hope one of the things Donald Trump does when he's in office is to start implementing the electoral system that America deserves, not this farce.
A new electoral system would have to be approved by two-thirds of Congress and two-thirds of the states. Good luck with that. The Constitution was designed to be difficult to update. The 27th amendment (congressional salaries), the last amendment approved, took over 202 years to get approval.
Slashdot Mirror
The one thing some full time federal jobs come with is a pension - that's the one thing that really makes them appeal.
I'm just a contractor, so no pension. The contracting agency doesn't even offer a match on the 401K plan.
BART is finally coming to Silicon Valley. I'm so excited. Meh...
http://www.vta.org/bart/
Keep in mind, back then BART was brand spankin new, ultra-reliable, much cheaper than gas.
President Nixon rode it during the 1972 election.
http://blog.sfgate.com/thebigevent/2012/08/16/rail-to-the-chief-when-nixon-rode-bart/
what fantasy world do you live in?
Reality. You?
So if you don't me asking, what sort of trends are you prepared for, and what are you doing to prepare?
Computer security is probably less likely to be outsourced to foreign workers in the future. Especially in government IT that requires a security clearance (my current job). So I'm studying for the security certifications to jump from $50,000 per year to $100,000 per year when I change jobs in the next few years.
With the poor and the rich being exempt from paying taxes, the tax burden will fall heavily on the middle class in the coming years. I'm planning to open a personal investment corporation (a.k.a., family office or hedge fund), build up a profolio of dividend-paying stocks, and put $53,000 per year into a qualified retirement account (an IRA account only allows $6,500 per year and the tax deductions phases out at higher income levels). Existing tax laws is quite favorable for corporations. I don't see that changing in the next 20+ years.
All the IT jobs can be outsourced pretty easily.
Not all of them. I've been doing computer security with a security clearance in government IT for nearly two years. The prime contract is fully funded for the next three years. We're still hiring more American citizens with 10 to 20 years of IT experience to meet the increasing workload. I'm making 40% less than a private sector job, but paid federal holidays, 20 Paid Time Off (PTO) days, and a full benefit package makes up for the difference.
It's called H1-B.
As Southeast Asian countries develop a middle class over the next 20+ years, fewer people will want to travel abroad to work in the US. With baby boomers retiring at the same time, IT will have a shortage of skilled workers.
I don't read the WSJ editorial pages.
All based on your beliefs and perceptions and not as a result of words in a document.
I suggest you get your head out of your ass and get a subscription to The Wall Street Journal.
the truth likely lays in the middle
The middle of the road has dead armadillos and yellow lines.
Unfortunately, tech types rarely understand economics because they do not understand, among many things, human activities.
Baby boomers are retiring and the workforce (tax base) is shrinking over the next 20 years. Social Security and Medicare will consume two-thirds of the federal budget. Taxes will go way up to pay for everything else. These are undeniable economic trends. You can plan for this or you can pretend it won't happen. I'm planning for it.
*cough* A Stanford School of Business graduate. *cough*
I think what you mean is that you based your career on a study that there will exist a higher scarcity of IT labor than other labor (such as dish-washing) because a higher price would be paid due to the higher scarcity.
FTFY
Look for shortages and capitalize on them. That's the way to thrive in software/IT.
I had several friends who abandoned computer programming in college because health care became the new money major for everyone to enroll in after the dot com bust. In fact, I was told repeatedly that I was crazy to pursue a technical career. My friends make more money in health care than I do in IT, but they hate their jobs because they don't like being around sick people. Ironically, some of my best paying IT assignments were from working at hospitals.
The funniest was when one "IT Director" replied to that very question with "Why should you care? You're just orchestrating the servers?" Why was it funny? Because the look on his face was priceless when I told him that "Well, I won't blindly slave away for some random VC chump, good luck finding someone stupid enough to work for you, and the interview is now over. Good day, gents."
I had a interview with 3DFX in 1997. The interview with the QA manager went as expected, but fell apart when I got interviewed by the PR manager. If you ever read the Dilbert comics, a hardware company run by the marketing department was doomed to fail. I declined the job. A few years later, they decided to compete with their own customers by manufacturing their own video cards. Not surprisingly, they filed for bankruptcy in the dot com bust.
I also had an interview with Nvidia in 1997. That lasted four hours as a dozen engineers interviewed me. I didn't get the job. Not surprisingly, they're still around.
You are still not understanding the terms you are using.
I based my technical career around an expected shortage based on well-defined demographics in the long-term future. Not a perceived shortage to suppress wages by hiring managers in the short-term future.
And when their gamble doesn't turn them into a millionaire, they're ready to blame the whole country.
I had a friend who got a receptionist job and became one of the early millionaires at Yahoo. She quit Yahoo, took her million dollars to buy a house in Silicon Valley and put herself through college to become a school teacher (her dream job). Friends from failed startups were extremely bitter at her for being one of the lucky ones. More so because she was in the right place at the right time and wasn't even a techie.
There is no such thing as a worker 'shortage'.
After the dot com bust, I saw a study that the IT industry will have a critical shortage of skilled workers from baby boomers retiring and Southeast Asian countries stop exporting their workers by 2035. I went back to school to learn computer programming and get my technical certifications. I got out of a dead end job in the video game industry and got into the IT industry. I'm looking forward to making more money over the next 20 years as the shortage becomes a reality.
My Democrat friends post another fake graphic every day showing how the economy is doing just *great*, better than ever! and everybody has a job and Obama has saved us.
My Tea Party relatives in Idaho send me emails about how terrible the economy is with 92 million people out of work, how black women will cut off the heads of white men with guillotines and black men will rape white men at FEMA camps, and Donald Trump will save us from our sins. Another day in the right-wing echo chamber.
That's BS.
I do IT support contract work. No one wants to pay overtime. NO ONE.
I read about Spoonrocket. It is nothing but a restaurant that delivers food in San Francisco.
The owner of FarmGirl Flowers, a flower delivery service with an ecommerce website in San Francisco, declined to do a on The Profit TV series because she thought it was worth a lot more as a tech startup.
http://tycoonplaybook.com/2016/02/04/the-profit-marcus-and-farmgirl-flowers/
For those of you who don't read The Wall Street Journal in the morning, companies are hiring in San Francisco.
More companies in San Francisco plan to add new jobs in the next six months than in the last half year, according to a new report, bucking concerns about a tech slowdown and its impact on the region's economy.
http://blogs.wsj.com/digits/2016/03/17/what-slowdown-san-francisco-execs-plan-more-new-hiring/
The 40-hour week is a socialist conspiracy. Those who believe in it are Unamerican. Get your facts right.
I haven't worked overtime in the last 10+ years. My employment contracts with Fortune 500 companies and the government forbids me from working over 40 hours a week. No one wants to pay overtime.
A throwback to the horse-and-buggy era.
That's funny. The U.S. Constitution was written 240 years ago when the horse-and-buggy were still popular.
I hope one of the things Donald Trump does when he's in office is to start implementing the electoral system that America deserves, not this farce.
A new electoral system would have to be approved by two-thirds of Congress and two-thirds of the states. Good luck with that. The Constitution was designed to be difficult to update. The 27th amendment (congressional salaries), the last amendment approved, took over 202 years to get approval.
And your Slashdot profile...
Which isn't associated with my legal name.