The answer is not as clear as you might expect.
Some experts say the job market is healthy. The countywide unemployment rate is just 5 percent. Local employers have added 38,500 jobs so far this year. Qualcomm lures top-tier engineers to San Diego from around the globe. There’s plenty of demand from the region’s defense, medical device and software outfits for technology talent with a Qualcomm pedigree, say experts.
“If you have to lose a job, this is probably one of the best times for it to happen,” said Lynn Reaser, chief economist at Point Loma Nazarene University. “In technology, engineers are in demand, and they can find jobs in San Diego.”
Other experts. however, say the region’s telecommunications and semiconductor sectors are not what they used to be in...
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2 comments:
Policy in the US is really what die Korpershaftlichbonzen want it to be, through special interest lobbying and political donations, with the politicians they buy returning the favor.
In purely economic terms, the United States is essentially Fascist. One extreme tends to create the other, and part of Bernie Sanders's appeal is his hard line socialism -- nationalize this, tax that at 90%, etc.
People get so obsessed with solidarity to one group identity (such as falling into the "lesser evil" trap, or conditionally supporting one form of statism as long as it is THEIR morals that the state enforces) or the other that they forget that this is supposed to be a free country. Live and let live (as well as free market economics) is lost in the divisiveness.
Fuck Qualcomm and their puppet Rubio. I have worked in communications and IT for the past 30 years. During that time I have been laid off twice. Each time it has taken over almost 2 years to find another job. When I was canned both times I was bringing down top dollar because I had risen to leadership positions because of my skill sets. I start a new electronic technician job in two weeks - starting back at the bottom as a field technician when I should be the manger of my new supervisor with my experience and education level.
Back in the late 90's when I was a Project Manager I had ongoing overlapping projects, my HR would not allow me to hire full time IT workers except for two core people. They made me hire temps, interns, and the H1-B visa holders. The reasoning was we get the "bleading edge" skill set we needed from temps, college students, and H1-B's at a fraction of the cost of an employee who need periodic retraining to keep their skills current. I saw the problem then and knew my usefulness with that company was limited so I kept my certs current to keep myself marketable.
When the bubble burst in 2001 I was a PM with a MBA in Info Sys Mgt and a hand full of current certs. Nobody would hire me because I would be too expensive for their tech or supervisor positions. After a year and a half of looking for a job I abandoned the IT side and fell back on my military training in satellite communication and I also dropped the MBA from my resume. I started getting interviews and found an entry level job with a young startup company. Within 12 months I was in lower management and soon as a Comm/IT PM. I worked with this company when they wer bought out by a fortune 500 company that eventually decided to have a RIF where they basically canned everyone making over $75k. Now a year and a half latter I finally find a job where I am starting back at the bottom as a tech even though I have better qualifications for my managers' boss' job than he does.
The IT/Communications field had grown too fast. The skill sets that were hot 3 years ago become obsolete and employers would rather not invest in their employees but hire the skills they need at a cheaper price. A college or tech school grad with current certs will work for half of what a 5 year veteran will that has the same certs and more. Not all companies are like this but a majority are. Get rid of the older workers who have gotten performance raises every year and additional pay bumps for additional certs over the past 10 years and are now making $90-120K or more for a new college grad with a current cert who will do the same work for $35k or a H1-B visa worker for $30k who cannot change jobs and will be paid smaller yearly step raises.
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