05-08-2001, 08:55 PM | #21 |
Quintesson
Join Date: April 6, 2001
Location: two leagues down
Posts: 1,081
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I don't know what this applicants educational background is but you really have to feel sorry for him/her if he/she is trying to enter the technical world out of college. Consider, his/her ability to promote himself/herself to a potential employer in conjunction with a contracting employment market. Especially considering the recent unemployment rises have been centered in the tech sector. For example the recent multiple layoffs at Dell (headquarter in Austin), 3Com announcing just Monday that it will cut its workforce by 30%, recent multiple layoffs at HP, not to mention the Dot-Coms, etc.... All the recent layoffs have not yet begun to work their way through the economy but they will, in the form of decreased velocity of the money supply. This velocity decrease will be exacerbated by the current and resultant decrease in corporate spending. Granted the Fed will try to increase the money supply through cutting the "Discount" and "Fed Funds" rates but this will take 12 to 18 months to take effect. Meanwhile the Leverage Buy Outs of the '90s will take their toll adding a new dynamic to the economy. In short this applicant may be living with mommy and daddy for a while. I hope perental relations are good.
Have a Nice Day!!! |
05-08-2001, 09:07 PM | #22 |
Guest
Posts: n/a
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Saz, I'd call them just to find out who they are and what qualifications they actually have.
Moni |
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