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I was trying to find one bit of good news in the dim job outlook report in the New York Times.Well here is an encouraging quote from the latter half of the article:
"The crucial driver of growth in the second quarter was business
investment in such things as office buildings and equipment and
software. Such activity rocketed up at an annual rate of 17 percent in
the second quarter, compared with a 7.8 percent increase in the first.
The equipment and software category alone grew at an annual rate of 21.9
percent, the fastest pace in 12 years."
As the article goes on to explain, businesses seem to be going in for technology and equipment as they don't need health benefits like employees. Sounds cynical but businesses are under so much pressure to deliver profits and with demand slow – the only thing they can curtail is costs. Here the first preference is for technology. If technology is not available then it is low-cost global outsourcing and finally the high cost US employee.
But there is some wonderful potential opportunities for US employees. Not to replace technology as those jobs are unlikely to come back. Instead the opportunity is to run the new technology mentioned in the quote above.
Those who understand the business ( say health care) and can deal with the new technology to deliver results should be a prized commodity. The numbers of such opportunities are not huge but they sure would be well paid.