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Unemployment Hits New High In Silicon Valley

timothy posted more than 5 years ago | from the booms-and-busts dept.

Businesses 338

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."

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338 comments

simple solution (5, Funny)

jacquesm (154384) | more than 5 years ago | (#25118871)

move to India ;)

Stay away from Redmond. (1)

inTheLoo (1255256) | more than 5 years ago | (#25118979)

They are chronichally overstaffed there for sure.

Re:Stay away from Redmond. (0)

Anonymous Coward | more than 5 years ago | (#25119029)

OMFG HAR HAR HAAAAAARRRRRR!!!!!!!!!!!!!!!!!!!!11ROFLLMAO

ZING! ZING!!! You figured out how to get in a dig at Microsoft in a story that has nothing to do with them! In the face of your irrational hatred, surely they'll close up shop and lay off the tens of thousands of people that they employ. Kudos to you, sir!

Re:Stay away from Redmond. (0)

Anonymous Coward | more than 5 years ago | (#25120011)

OK Ballmer... keep your hair on.

Oops, sorry......

Re:Stay away from Redmond. (-1, Troll)

Anonymous Coward | more than 5 years ago | (#25119495)

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.

Re:simple solution (2, Interesting)

larry bagina (561269) | more than 5 years ago | (#25119003)

good call. Good curry, lots of women (most of them put out for Americans, no game required ), and plenty of opportunity for high level jobs in their outsourcing industry. Plus, with the lax laws and easy access to grade-A Afghanistan opium, the place is wilder than Las Vegas. I spent 6 months there, partying like a rock star nightly.

Re:simple solution (2, Interesting)

electrictroy (912290) | more than 5 years ago | (#25119323)

Instead of India, why not move to the Northeast U.S. or Maritime Canada? Lots of open jobs here. Companies will hire almost anybody.

(For now anyway; who knows how the recession will affect the future.)

Re:simple solution (1)

NJRoadfan (1254248) | more than 5 years ago | (#25120031)

They might have to deal with things like cold weather and snow. Oh, and what jobs?

Re:simple solution (1)

electrictroy (912290) | more than 5 years ago | (#25120431)

I like snow. :-)

I'm getting all kinds of calls for openings along the northeast I-95 corridor. If you can't find work in California, maybe you can move to the opposite coast?

Re:simple solution (1)

bondjamesbond (99019) | more than 5 years ago | (#25119845)

Yeah, but now you have this pesky opium monkey on your back.

One question (1)

Chrisq (894406) | more than 5 years ago | (#25119035)

Are you skilled enough to get a visa?

Re:One question (4, Insightful)

jacquesm (154384) | more than 5 years ago | (#25119073)

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.

Re:One question (3, Insightful)

oldspewey (1303305) | more than 5 years ago | (#25119143)

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.

Re:One question (2, Funny)

n1ckml007 (683046) | more than 5 years ago | (#25119309)

Any one run into "delhi belly" when your were over there?

Re:One question (1)

oldspewey (1303305) | more than 5 years ago | (#25120195)

Five trips to India. During four of them I suffered from some combination of:
- upset stomach with vomiting,
- flu-like symptoms including severe aches and fever,
- violent diarrhea.

Re:One question (1)

Chris Pimlott (16212) | more than 5 years ago | (#25120535)

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 don't forget monsoon season!

Re:simple solution (1)

PawNtheSandman (1238854) | more than 5 years ago | (#25119931)

Dey took ur jobs!

Re:simple solution (1)

OeLeWaPpErKe (412765) | more than 5 years ago | (#25120211)

It's funny. Just yesterday it was described in the local papers how the performance of the current government was fabulous, beyond fantastic.

They reduced unemployment to 11,2% (from 13%) ...

And yes, I've checked, it's higher in Bangalore too.

Hmmm ... (5, Funny)

oldspewey (1303305) | more than 5 years ago | (#25118955)

Guess I better stop reading /. and get to work.

Funny, but... the point (1)

xzvf (924443) | more than 5 years ago | (#25119537)

I think unemployment is the point of the spear. In reality, if the time and money is spent upfront to build an application or data center to be redundant and stable, you gain great returns on long term maintenance. You should be able to spend most of your time reading (researching on) /.. Or on projects that add value to the company. IT companies are starting to learn they only need staff for emergencies and projects. If that resource is part time and shared with other companies (cloud computing, consultants) or full time (1 day a week on maintenance, 4 days on special projects) is up to the talents of the individual and company's risk management strategy.

Move to Chicago (0)

Anonymous Coward | more than 5 years ago | (#25118959)

There is still a shortage of qualified IT workers. I get contacted every week or so by recruiters.

Re:Move to Chicago (3, Interesting)

BVis (267028) | more than 5 years ago | (#25119339)

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.

Re:Move to Chicago (0)

Anonymous Coward | more than 5 years ago | (#25119607)

Well, we are hiring for 2 positions. One under myself in UNIX and another windows. So far the recruiters have not been able to send us anyone who knows their ass from their elbow. Much less how to turn a computer on and operate it. If these are the people who comprise the unemployed, then it is no surprise.

Re:Move to Chicago (1)

voodoosoup (1353803) | more than 5 years ago | (#25119683)

what? you mean you don't love long hours, high stress, for low pay and little to no benefits?

Re:Move to Chicago (3, Funny)

Ukab the Great (87152) | more than 5 years ago | (#25120403)

There's a shortage of people who have ten years of experience in technologies that have been around for only five years.

Re:Move to Chicago (4, Funny)

r3b00tm0nk3y (806499) | more than 5 years ago | (#25119749)

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

The article is wrong! (3, Funny)

paniq (833972) | more than 5 years ago | (#25118971)

These people are not unemployed, they are working at home, preparing Web 3.0!

Unemployment is only the thin end of the wedge (5, Insightful)

Chrisq (894406) | more than 5 years ago | (#25118999)

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.

Re:Unemployment is only the thin end of the wedge (1, Insightful)

Anonymous Coward | more than 5 years ago | (#25119115)

How many people have become unemployed and then taken a job at 2/3 of the salary? How many people are no longer being overpaid for their jobs?

Re:Unemployment is only the thin end of the wedge (2, Insightful)

Shivetya (243324) | more than 5 years ago | (#25119199)

Let us ask other questions.

How many are too afraid to take on a new job because they feel they might not measure up?

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 people would not take a lower paying job because it bruises their ego?

Really, if you don't have a job ANY job is better. I worked at a grocery store for a stint while going to classes at night... at one time I held down two jobs costing me 12 to 14 hours of my day to stay ahead. Guess what, those working only 40 hours a day won't get anywhere. I could school work in those over 40 hours.

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.

Re:Unemployment is only the thin end of the wedge (4, Funny)

hal2814 (725639) | more than 5 years ago | (#25119349)

"Guess what, those working only 40 hours a day won't get anywhere."

Crap, I only work about 9 hours per day. I need to step it up.

Re:Unemployment is only the thin end of the wedge (2, Funny)

Anonymous Coward | more than 5 years ago | (#25119361)

Guess what, those working only 40 hours a day won't get anywhere.

I usually try to work less in a day than there are hours in a day. Your time compression powers amaze me! Do you have a newsletter?

Re:Unemployment is only the thin end of the wedge (1)

Joking611 (1321913) | more than 5 years ago | (#25119893)

I work 75 hours a week, (still can't keep up with the demands of my job), and go to school full time. My wife seems to think that I'm working too much, but I'll not be able to reference this to prove her incorrect. Thank you!

Capitalism is dying, netcraft confirms, news at 11 (5, Insightful)

Project2501a (801271) | more than 5 years ago | (#25119799)

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

Re:Unemployment is only the thin end of the wedge (2, Insightful)

COMON$ (806135) | more than 5 years ago | (#25120237)

I beg to differ sir. If you think that you have to work more than 40 hours a day to get anywhere you are dead wrong. It isnt the hours in a day, it is the quality of the hours. I pride myself in the fact that I have gotten good enough at my job to where I can get quality work done in half the time of IT workers in the same field. I am not in the practice of putting in hours just to put in hours. I actually HAVE a life outside work, so if I want to work a 6 hour day, I go home. This is IT, I will pull a 10 hour day here and there and the administration knows it. I am compensated well, get fantastic reviews, and did I mention that I have improved my salary by 26% in the last 18 months not counting bonuses? Oh and I am working on cooler technology, at a much higher level, and work about 15% less than other jobs.

Getting ahead has nothing to do with pulling consistent 10 hour days. It has to do with putting out quality work.

Bull shit! (1, Insightful)

Anonymous Coward | more than 5 years ago | (#25120273)

I've been out of work since 2001. I've tried to get work doing anything: roofing, construction, writing, bagging groceries, etc...

When they ask to see my resume, they see the ten+ years of programming (All C++ and SQL) and my degrees. Noting, Not even feedback.

I HAVE been learning new technologies - on my own and classes. But EVERYONE wants you to have PAID experience in the tech.

TAKING A CLASS IN A NEW TECHNOLOGY MEANS NOTHING UNLESS YOU HAVE PAID EXPERIENCE!

I go up to RentACoder and bid on projects. I bid really low, I mean $100/day low. AND that's just coding - no research or anything. You what? I'm still underbid! RentACoder is for folks who want SLAVE wages! Folks who want WHOLE websites done for $25?!?! WTF!

I love to learn. I'm not afraid to learn. I WANT to move on to new technology because, frankly, I'm board with C++!

I'm not busted, it's the industry and its recruiting methods that's busted!

Whoever you are, you better kiss the ground and thank you're personal god that you have a job!

Re:Unemployment is only the thin end of the wedge (2, Insightful)

YeeHaW_Jelte (451855) | more than 5 years ago | (#25120515)

"Guess what, those working only 40 hours a day won't get anywhere."

Apart from the obvious mistake, this depends quite a lot on where you are going.

If you want to pursue a career, no matter what, working as much as you can until you either burn out or get succesfull your strategy might work.

If you want to pursue a balanced life, with time for a family, hobbies, and a general relaxed attitude, taking it easy might be the way.

It helps if you don't care about your neighbours bank balance or the size of his SUV and house, though.

Re:Unemployment is only the thin end of the wedge (1)

Otter (3800) | more than 5 years ago | (#25119591)

How many people would like to be employed but not registered as unemployed (e.g. wife/husband still has job)?

A spouse with a job doesn't disqualify you from being officially unemployed.

Re:Unemployment is only the thin end of the wedge (1)

Chrisq (894406) | more than 5 years ago | (#25120399)

True, but most people only go and register as unemployed if they will get some benefit.

Re:Unemployment is only the thin end of the wedge (1)

furball (2853) | more than 5 years ago | (#25119915)

Why have a job when you can have your own business?

<ralph wiggums>Oh boy! When I grow up, I want to work for someone else!</ralph wiggums>

Re:Unemployment is only the thin end of the wedge (2, Insightful)

R2.0 (532027) | more than 5 years ago | (#25119941)

"How many people would like to be employed but not registered as unemployed (e.g. wife/husband still has job)?"

Actually, unemployment statistics are derived from surveys, NOT from claims at the unemployment office. Those numbers are reporte4d as "new jobless claims" or somesuch. The survey method is more accurate in one sense - there are people who meet the definition of "unemployed" that do not get unemployment benefits (fired for cause, etc.)

One of the criticisms, however, is that you only count as unemployed if you report that you are still actively looking for a job. Critics contend that this under-represents unemployment figures, since at a certain point people "give up" searching for a job or go to work at McDonalds or something. OTOH, there ARE people who drop in and out of the employment market, women of childbearing age especially. Is it really a fair picture of the job market to count as unemployed a woman who decides to take a year off to have a baby?

Re:Unemployment is only the thin end of the wedge (1)

morgan_greywolf (835522) | more than 5 years ago | (#25120123)

We should just start forming a medieval-style guild for IT people. Seriously. Screw this crap. We'll make everyone join or put 'em in the stockade! Drawing and quartering also works well, I here. And then we'll have a world-wide monopoly on IT professionals. Anyone who doesn't give into our demands gets their server rooms shutdown. If they still don't give in, we send in the henchmen. Ha!

Didn't anybody see this coming? (-1, Flamebait)

Anonymous Coward | more than 5 years ago | (#25119007)

There was a bubble. Everybody knew it. If you didn't realize that things would change and prepare for the inevitable, It is on you.

Australia sucks too (5, Interesting)

CuteSteveJobs (1343851) | more than 5 years ago | (#25119015)

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.

youre basically saying aussie employers are stupid (3, Funny)

unity100 (970058) | more than 5 years ago | (#25119093)

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.

Forgot to add (1)

unity100 (970058) | more than 5 years ago | (#25119149)

they also required 5-10 years experience.

Re:Forgot to add (0)

Anonymous Coward | more than 5 years ago | (#25119307)

Link please!

Re:Forgot to add (1)

unity100 (970058) | more than 5 years ago | (#25120209)

national newspaper ad, 5-10 years ago. even 15-20 maybe i dont remember. no link.

Re:youre basically saying aussie employers are stu (0)

Anonymous Coward | more than 5 years ago | (#25119685)

Sometimes, those sorts of adverts are code for "we already have a candidate we really want to hire, they don't have a work permit, and to meet legislative requirements to get one we have to show that we can't hire someone local with those skills". They essentially put the candidate's CV down as the "essential skills" and feign disappointment that they didn't get any other suitable applicants.

Re:youre basically saying aussie employers are stu (1)

unity100 (970058) | more than 5 years ago | (#25120221)

there arent that many work permit issues in turkey.

Re:Australia sucks too (3, Interesting)

Shados (741919) | more than 5 years ago | (#25119317)

I remember in 2006 an ad for a senior .NET developer job... The catch is, that ad was obviously written by HR, not IT...so they used their canned senior developer ad...

Senior developer often means 6-8 years experience. So they asked for someone with 6-8 years experience with the .NET framework 2.0 and Visual Studio 2005.

Think about it for a sec. in 2006, 6-8 years experience with VS2005... whoops much? .NET in general came out in 2002, so even if someone used the beta 1-2 years before general release, worked at Microsoft or something, you could at best brush the requirement at 6 year... 8 year was plain and simple impossible.

Funny stuff.

Re:Australia sucks too (0)

Anonymous Coward | more than 5 years ago | (#25119605)

Stuff like that just tells the applicant a lot about the company they would be working for...

Re:Australia sucks too (2, Insightful)

TheLink (130905) | more than 5 years ago | (#25119723)

No surprise a lot end up hiring:
a) liars
b) people who can barely read.
c) people who don't care

They're selecting against people who can read, actually care and prefer not to work in a company where the incompetence is clearly showing.

Re:Australia sucks too (2, Interesting)

Shados (741919) | more than 5 years ago | (#25119771)

Yup, exactly. I've unfortunately end up in companies like that a few times (consultant and all, I've seen everything). Its clear that liars catch a lot of jobs like that... its just too easy to say "I've worked in .NET since 1999!" and have HR eat it up. Then when the interview process moves on to you talking to the architect or project manager, THEN you tell the truth (prettied up). At that point you basically don't have competition, and its very easy to snatch the job.

Its so sad, I am down to telling all potential employers that I will stay a consultant and never end up on their payroll if I am not part of the hiring process (for software development), because otherwise I end up having to work with a bunch of lying idiots, and that is unaccessible.

Re:Australia sucks too (0)

Anonymous Coward | more than 5 years ago | (#25119407)

Well, if AU is anything like the USA, employers are specifying exact skills to prevent local IT workers from applying. Then, they take that to your federal employment agency and use it as proof there aren't any locally available IT workers with the correct skills.
Remember back in 1997 when "java" was the new hot skill and every recruiter wanted 5 years of Java experience? At that point, only people with 5 years of experience were inside Sun's Java development team.
Same game, different day.

Re:Australia sucks too (3, Insightful)

MadShark (50912) | more than 5 years ago | (#25119635)

Your average C++ programmer from the non-embedded world will likely be missing a set of skills that are necessary for a lot of embedded work. For example, do they know how to use a oscilloscope? A logic analyzer? A voltmeter? Arbitrary waveform generator? Emulators? Protocol analyzer? Are they used to working on devices that might only have a few K of RAM or even ROM? They could be a good fit if you need someone working on application level stuff, rather than bringing up the low level hardware. It all depends on exactly what the work involves and if the company is willing to allow someone to learn as they go, or if they need someone to hit the ground running.

Re:Australia sucks too (1)

samkass (174571) | more than 5 years ago | (#25119647)

It's no longer enough to be a C++ Programmer for example, if they're hiring a C++ Programmer for Embedded Systems.

I'm willing to give them a pass for embedded systems. That field is inherently more specialized than general application programming that you really do need someone who knows how to think that way. And there are enough "gotchas" in each specific language in the embedded space that you want someone with at least reasonable familiarity with both embedded and the particular embedded language.

On the other hand, I don't know any company worth working for that wouldn't figure out a way to bring really good people on board even if they don't specifically meet the checklist. It's showing them that you're really good that's the trick. Fortunately there are lots of opportunities there lately, from Apple's App Store to various high-profile open-source projects to get your name out there.

Re:Australia sucks too (1)

MMC Monster (602931) | more than 5 years ago | (#25119697)

Obviously supply far outweighs demand.

The solution is for the worker to train in something in which demand is high.

Re:Australia sucks too (1)

Ostracus (1354233) | more than 5 years ago | (#25119859)

"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."

Considering the skill set for an embedded programmer is different than just a programmer, I can see why. It takes awhile to get the needed skills and today's embedded systems aren't as forgiving. eg. cellphones, set top boxes.

Re:Australia sucks too (1)

Wansu (846) | more than 5 years ago | (#25119875)

  Employers are being very picky - they demand an exact skills match. ... They can afford to be that fussy. ... Don't waste time applying for jobs unless your resume is a perfect match.

That has been going on in the US since the mid 90s. At one company, I saw a position go unfilled for nearly a year. The job posting was a laundry list of highly specialized skills. Eventually, they hired some guy who had about 2/3's what they were asking for. They passed up the chance earlier to hire people who didn't have as many of the skills on their list but could have handled the work nonetheless. The guy they hired bailed after a year and a half.

Re:Australia sucks too (1)

sglewis100 (916818) | more than 5 years ago | (#25120093)

Don't waste time applying for jobs unless your resume is a perfect match.

That can be horrible advice! There are certainly companies that have that short sighted desire for the perfect match on 20 different skills (and sometimes jobs where it's not unreasonable to have 3 requirements all exacting), but by all means don't stop applying to jobs JUST because you don't match a requirement.

Job requirements are sometimes maintained by HR and are out of touch with what the department is actually doing. Other times, there are managers (hint hint I've been one and I currently work for one) who aren't so narrow minded.

Worst case, when I've been looking, I try to gauge whether I'm missing one thing that's meaningless, or if it's a job where I'm sure I could do it, but really don't match enough requirements, maybe I don't waste much time on a cover letter and just fire away a resume. Costs me nothing to send a resume though.

I've worked for companies where one requirement is experience with XYZ which turns out to be a proprietary package they develop in-house, for in-house use only that naturally you couldn't know. But it's in the job description. Maybe it's a requirement that an internal applicant already knows it since they should in theory have been using it. Maybe it's a requirement that you get to know it immediately.

Re:Australia sucks too (1)

bondjamesbond (99019) | more than 5 years ago | (#25120167)

but if you want to make money there are much more lucrative businesses.

Yeah, like plumbing, or installing home entertainment systems, or electrician, or...

no wonder (0)

Anonymous Coward | more than 5 years ago | (#25119045)

I am having trouble landing a job after an emergency move to protect my children from child molesters.

Re:no wonder (2, Funny)

Anonymous Coward | more than 5 years ago | (#25119193)

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.

I dont understand this (1)

unity100 (970058) | more than 5 years ago | (#25119063)

do they take into account the people who entered the industry in the recent years and moved to silicon valley or california to work ? its not as if i.t. is a stale field. its one of the most popular choices for youth actually.

Re:I dont understand this (1)

dbcad7 (771464) | more than 5 years ago | (#25119805)

That's always happening.. This is based upon people who file for unemployment and other compensation.. and it can be worse than it appears, because employers are hit financially when they fire an employee and that employee is able to file for and receive unemployment.. If you can fire an employee and make it look like the employees fault, and they can't collect, it doesn't cost the company.

Recession vs depression (4, Insightful)

mcgrew (92797) | more than 5 years ago | (#25119069)

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.

Re:Recession vs depression (2, Insightful)

Notquitecajun (1073646) | more than 5 years ago | (#25119347)

Better yet, it's similar to what we saw in 2000 - it's a correction. When a certain section of the economy is artifically inflated - such as real estate, particularly in CA and FL - it has to come back down to an honest market. Everything will shake out as it ALWAYS has - even right after the Great Depression, which gets more and more overrated as the years go by (though our industrialization and new training occurred due to a war there that helped lead to recovery, particularly afterward). Some people will lose out, some people will win out, but also compare this - we're dealing with LESS than double-digit unemployment.

Remember, the media ALWAYS over-hypes how good and how bad things really are.

Re:Recession vs depression (3, Insightful)

antifoidulus (807088) | more than 5 years ago | (#25120193)

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, it was natural and necessary. However, this time allowing those morons who made bad investments(at the corps and at the individual level) to suffer is really what this country needs, and yet because its an election and because large amounts of morons failed and because the CEOs in this case are much more buddy-buddy with the politicians, they will not allow what needs to happen to happen.

The repubs want to pay the same morons who got themselves into this mess $17k/hr of government money, because heaven forbid someone who is rich actually have to take responsibility for anything bad.

If the government is honestly concerned about the credit markets seizing up, then just go offer the money directly. Increase student loan limits(and decrease rates), set up more small business loans, esp. businesses who will invest in R&D in things like alternative energy. Let morons suffer for being morons. Rewarding greedy morons defies EVERYTHING the United States once stood for.

Re:Recession vs depression (0)

Anonymous Coward | more than 5 years ago | (#25120215)

When you keep redefining unemployment to exclude more and more people, it gets pretty easy to keep single-digit unemployment.

Re:Recession vs depression (1)

mcgrew (92797) | more than 5 years ago | (#25120427)

it's a correction. When a certain section of the economy is artifically inflated - such as real estate, particularly in CA and FL - it has to come back down to an honest market. Everything will shake out as it ALWAYS has - even right after the Great Depression

So the Great Depression was a "correction"? Okaaaay.... you might want to read Only yesterday [virginia.edu] by historian Frederick Lewis Allen, written in 1932.

Standard of living cost (2, Interesting)

BlowHole666 (1152399) | more than 5 years ago | (#25119087)

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.

Re:Standard of living cost (1)

Anonymous Meoward (665631) | more than 5 years ago | (#25119493)

That's one of the reasons why I try not to work for companies headquartered in Silicon Valley. To rise through the management ranks, you really need at some point to relocate to that festering shithole. No, thank, you.

I'd need a 50% pay increase to break even if I moved out there to keep my current standard of living, even though our household has no debt. (We paid off the mortgage last month, we never miss a credit card payment, and we paid cash for our cars.) And the schools in California simply suck.

But hey, we'd have the luxury of living next to the players, wouldn't we?

Thpfffft.

Re:Standard of living cost (1)

Andy Dodd (701) | more than 5 years ago | (#25120373)

Yup. Texas isn't the only location. Upstate NY (I live near Binghamton) is another cheap area. Live like a king on $65k or like a pauper on $85k+? Not surprised the jobs are getting moved away from SV. Companies don't want to pay that extra $20k+/year just to make up for COL differences.

Not to worry (4, Informative)

Anonymous Coward | more than 5 years ago | (#25119153)

IT workers are cushioned from the US economic downturn. [slashdot.org]

Dot-com bubble burst? (3, Funny)

digitaldc (879047) | more than 5 years ago | (#25119277)

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

IT Workers Cushioned From US Economic Downturn (4, Funny)

jstott (212041) | more than 5 years ago | (#25119279)

But I thought that IT Workers Cushioned From US Economic Downturn [slashdot.org] . I mean, I read it on Slashdot just a few days ago!

-JS

Re:IT Workers Cushioned From US Economic Downturn (3, Interesting)

Lord Ender (156273) | more than 5 years ago | (#25119443)

This article doesn't say that SV IT workers are experiencing high unemployment. It says that the region has high unemployment.

Hopefully, the mortgage hustlers are the ones out of jobs, instead of the people who actually do productive work.

Re:IT Workers Cushioned From US Economic Downturn (1)

cabjf (710106) | more than 5 years ago | (#25119549)

I think there is a fundamental difference between IT and Silicon Valley. The vast majority of IT workers work for large companies that may not have anything to do with technology. The vast majority of Silicon Valley companies, on the other hand, depend on investors with large amounts of money to fund their high technology ideas. In an economic downturn, there happens to be a lot less investors with money and investors are less willing to accept as much risk.

Re:IT Workers Cushioned From US Economic Downturn (1)

srothroc (733160) | more than 5 years ago | (#25119703)

I was going to post that as well, but I feared karmic reprisal as well as this particular riposte [slashdot.org] .

Re:IT Workers Cushioned From US Economic Downturn (0)

Anonymous Coward | more than 5 years ago | (#25120367)

Also, from what I read on Slashdot a few months ago, I thought there was a desperate, emergency need to increase the quotas for H-1B visas [slashdot.org] because of shortages of highly qualified workers?

Quit your bitching and move (0, Flamebait)

Anonymous Coward | more than 5 years ago | (#25119333)

There are plenty of jobs in the midwest. Quit your bitching and move. California ain't that beautiful anyway.

Re:Quit your bitching and move (0)

Anonymous Coward | more than 5 years ago | (#25119829)

Please, for the love of Pete, no! I rather enjoy it here in the Midwest away from the coasts! Don't say anything that'll ruin it for us!

Yes, it is... (1)

LibertineR (591918) | more than 5 years ago | (#25120139)

Washington and Oregon too.

3-4 times a year, I have the distinct pleasure of driving between San Diego and Seattle, taking the coastal routes through Big Sur, CA, Gold Beach, OR and Oyster Bay, WA.

For scenery, it is almost a religious experience.

I've worked in Atlanta, Chicago, Memphis and Oklahoma City. Compared to the West Coast, these places look like hell warmed over, and would not return for any salary.

If you have any appreciation for grand vistas, amazing landscapes, after one drive through the California Redwood Forests, I defy you to say: "California aint that beautiful anyway" ever again.

No problem, time to finish my Exchange killer!! (2, Funny)

LibertineR (591918) | more than 5 years ago | (#25119375)

Unemployment means time, baby!

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!

Re:No problem, time to finish my Exchange killer!! (1)

Shados (741919) | more than 5 years ago | (#25119445)

Well, I know you're joking, but technically the email part is the least important bit of Exchange and the one people would probably give up first...so well...

Joking? Who? (1)

LibertineR (591918) | more than 5 years ago | (#25119531)

Look dude, I just spent the last year PERFECTING my calendaring engine. Instead of all those CPU cycles wasted on checking Free/busy status, MINE asks you via Clippy: "So, just when the fuck to do feel like doing it, baby? Fuck em if they don't show, cause its YOUR world!"

I tell ya, its the bomb.

Ha!! (1)

jskline (301574) | more than 5 years ago | (#25119423)

Lets see who is going to top the list. Last I heard, MINN has something like 6.8% unemployment and climbing. Looks like the food lines will soon be forming out there in the beach-o-plenty state...

Interesting. (3, Insightful)

rindeee (530084) | more than 5 years ago | (#25119431)

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.

Re:Interesting. (3, Insightful)

sheldon (2322) | more than 5 years ago | (#25119939)

I would tend to agree, that the main problem that IT suffers from is management.

I don't know how it is at other companies, but the last few places I have worked IT managers generally have been technology guys who didn't understand technology and decided to get into management. Few of them were at all interested in actual management. They weren't attending MBA classes, they weren't reading books on management. They just saw a big paycheck and that's it.

More often then not these managers have not only been bad at making technology decisions, but worse they don't know how to manage people.

The end result has been IT staff who have no priorities, no guidance, and no ability to make a final decision. So projects wonder along endlessly. Not to mention destroyed morale.

Relax.. (0)

Anonymous Coward | more than 5 years ago | (#25119625)

Their Governator can take care of it. He just needs to say the the magic words: "GET DOWWWWWWN"

110.10011 per 1100100 (2, Funny)

davidwr (791652) | more than 5 years ago | (#25119745)

"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.

In Related News (0)

Anonymous Coward | more than 5 years ago | (#25119863)

. . . Silicone Valley retailers report sales of trendy eyewear, amyl poppers, and anal lube are down 20% through the 4th quarter. . .

Shocking high (3, Informative)

antivoid (751399) | more than 5 years ago | (#25119929)

"Shocking high" ??? The world's average is 30%, and where i live, its 25%.

Check out the U6 (3, Interesting)

plopez (54068) | more than 5 years ago | (#25119937)

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.

Re:Check out the U6 (2, Insightful)

Sponge Bath (413667) | more than 5 years ago | (#25120523)

Wish I had mod points for this.

There is the widely reported unemployment number (5-6%) which does not include all of the unemployed. Then there is the real (but rarely unreported) unemployment number which is now in the double digits. This is from the BLS, not some made up partisan blog.

Still difficult to hire "A" type people in SV. (1)

jgercken (314042) | more than 5 years ago | (#25120145)

We've been looking to hire senior level networking engineers with linux experience (or vice versa) but the skills of the applicants coming in is depressingly low. Sure they've worked for some big names and attended lots of corporate BBQs, but it seems they haven't pulled much out of the experiences. Maybe the bubble has generated people who think they don't need to know anything but still be valuable?

Are you looking for such a job in Silicon Valley? Figure out my contact info and hit me up.

more layoffs expected (0)

Anonymous Coward | more than 5 years ago | (#25120371)

With all the banking problems, expect less investment and more layoffs.

Oil was up 30% yesterday.

sex w1th a fagorz (-1, Troll)

Anonymous Coward | more than 5 years ago | (#25120471)

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