hmmm...doesn't surprise me that most of the people on this post are like me: A middle-aged, white engineer. Everybody know what the problem really is, the problem is how to fix it. We're geeks...that bein typed, we were merrily going along, building the initial networks and server farms...(remember IPX on Novell...remember Token Ring???). Through many all nighters and gray hair, we beat this stuff into submission and got thing working pretty well...(downloading porn got alot faster...;-)). Anyway, I digress...we got it running well and corporate decided "Since the works done...whay do we need these guys anymore???"...I mean afterall, the hard parts done, anybody can "watch" it. So...we were outsourced. Unless you went into management, you were screwed. It's the "American Way"...the folks that took our jobs will lose them to someone even cheaper..."Good enough" is the norm. BTW...is it just me, or does it seem like nothing works anymore...???...
Sheepherd dogs are very useful. They may look cuddly (St.Bernardine, Tatra Mountains Sheepherd Dogs ...), they are not! They required quite a firm hand, otherwise they become dangerous... CEOs, CFOs and all the types on the top are quite useful when they are leashed, muzzled and properly led (taxed, regulated and supervised). They are highly competitive and focused people willing to do everything to get what they want until it hurts ... even themselves! Sure they want to go off the leash .. but once they do nothing prevents them to:
1 - treat the company as they private piggy bank,
2 - use the money to pay the Congress to remove even any threat of the leash,
3 - buy off media to propagandize their cause or at least drown out the opposing voice, heck even create their very own "grass root political movement",
4 - and finally sit on all that pile of money to wait until the recovery is over (The Wall Street Casino gets open again) and they can start again doing what they REALLY want to do: play the numbers game (they call it investing).
It used to be that CEOs etc were former engineers, developers, workers hey maybe even lawyers and bankers. Now they are MBAs, they do not know particularly well any discipline but somehow they are pronounced as perfectly capable of leading ANY company in ANY discipline! They also got themselves a religion: conservatism. The principal tenet of it being that: "invisible hand of market will always solves everything". This may be even correct: the market working as the evolution: mutation and selection.
US is behaving like it is done with the mutation part, we just waiting for the selection to happen ... We could think about some wait out of the hole and execute it but that would a blasphemy ... for one it may have to involve some entity representing common national interest .. but NO! Can't be! That would the government?!
It's not Class envy. It's Class warfare. The rich are already playing hardball, building their global empires. It's the middle class who are confused by media propaganda and haven't noticed that all the policies that built the middle class like worker rights, pay for overtime, grants for educatiing their kids, etc. have been gutted.
NO, we will not stop the class envey crap until the CEO's of this country come back down to earth. Seems to me they are just a bunch of greedy kids. My current CEO did not lay off just because it was eating into his moola, he stuck it out, laid off as few as possible, the compeditors all ran, now we are the only ones left standing and slowly coming back strong.
Are companies holding off hiring to derail the Government? No - that is a conspiracy theory and nothing more. Republicans cut tax, but if the corporations are sitting on money already then cutting taxes will not make the difference on them hiring, surely? If they want the Government to stimulate the economy so that their customers feel rich enough to buy products again, then is a "small government", non-interventionist, tax lowering party the one to want in power?
Companies are holding onto their cash because they fear or expect another recession, and they need that buffer to survive. Perhaps they gamble that after another recession their competitors will be dead and they will have gained market share without spending money on R&D?
Most products are not ground-breakingly original, they are slight tweaks of things that are already accepted in the market (made cheaper, shinier, slightly faster etc). Spending on R&D pays off if you can grab market share, increase profitability by lowering production costs, or by making a new market. But if the company thinks it can lower costs by squeezing suppliers, can gain market share by waiting for competitors to die, and believes the risks in making a new market by a speculative new product is too risky when customers are watching every penny, then they sit on their wallets and wait.
Not every firm is like this - but even Apple which has some of the market making devices is sitting on lots of cash, and not spending it just to hire more people.
I am at least half way serious about what I say. After reading all of the dialog about this matter (the engineerin job market), here is my take. The US and world economy has already gone too far, that is, it is irrecoverable. From 1 - 10 years from now we will be facing a economic calamity of worldwide proportions. When this happens, don't get a gun to feed you family. Those with guns will kill off each other, but instead learn to sacrifice, share, cooperate, have patience. Your kids should get degrees in science/engineering. After the smoke clears, the engineers will be back in charge. We can only hope that the next generation of entrepenural engineers don't give up the shop to MBAs.
Two things I haven't seen mentioned:
1) As much as people hate to admit it, successful companies don't pay taxes! Taxes are passed on to the consumer, so why not eliminate most of the corporate taxes (I would keep property taxes).
2) What happens if the US and say China would enter into hostilities? Where would our infrastructure be then?
Though I generally agree that entrepreneurship is good, but everyone who has got an idea won't succeed in that. So for engineers who have good ideas not great ideas and these are far more in number like 1000:1, should be able to see the light of day in a company which innovates continuously. But most are happy to keep doing this or the other SOC which is mostly plug and play and the only engineering needed is verification which is hived off to low cost markets as it works out cheaper.
HP, Accenture, Oracle, Intel, TI, Sony, MS, AMD, Cisco, IBM, etc are all hiring in India and china - guess why? they are doing more of the same stuff with some bells and whistles added and yes at lower cost.
you are just ignorant as you could be.
which proves my point that US got bunch of lower ... ppl need to dispose.
1. you never going done on your own will, like if your boss want to fire you, all you can do is pack fast.
2. living in China isn't like slave, yeah , there are some low income positions, for a nonsense and ignorant people like you could land on one.
3. I m sitting in Chinese soil now proudly, yeah right, idiot. save your land stoled from indians for yourself.