Financial Daily from THE HINDU group of publications
Wednesday, Sep 22, 2004
Financial Daily from THE HINDU group of publications Wednesday, Sep 22, 2004 |
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Employment Info-Tech - Employment High-tech jobs getting scarce in US: Study Our Bureau
Thiruvananthapuram , Sept. 21 HIGH technology workers in the US are still facing chronic unemployment and a serious job deficit despite an economic recovery declared three years ago. A new report by the Centre for Urban Economic Development at the University of Illinois shows that the high tech economy has lost two lakh jobs after the National Bureau of Economic Research declared the recession was over in November 2001. This is the first time a report has tried to tackle the impact of the economic bust for high-tech workers at a national level. Titled `America's High-Tech Bust', the report says high-tech workers have seen a doubling of unemployment rates in the last three years. The University of Illinois at Chicago conducted the research for the Washington Alliance of Technology Workers and Communications Workers of America (WashTech). Researchers Ms Snigdha Srivastava and Mr Nik Theodore compiled the relevant numbers for the study. According to WashTech, the high-tech economy in the US was considered the most dynamic sector a few years ago. Touted as the new economy, it was predicted to become the backbone of job creation in the future as the nation moved away from its manufacturing roots. "It is stunning to think that in every region of the country, we have fewer high-tech jobs today than we did three years ago. We must focus on exporting our products instead of our jobs to turn this critical situation around," the report said. Apart from the oft-lamented wariness of businesses to hire given the uncertain outlook, farming out of high-tech jobs by corporations to overseas companies is also blamed for the crisis. WashTech says growing fears that the existing jobs will be lost to outsourcing have precipitated renewed interest among workers in companies, including Sun Microsystems, Apple Computer Inc and Microsoft, to unionise. Employment has become such a big issue that it has come to be hotly debated in the US Presidential race as well.
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