Kiss those "jobs of the 21st century" goodbye, folks. Remember those high-tech, highly-skilled jobs that Bush STILL touts all the time?
Gone with the wind, O my brothers:
The U.S. technology sector suffered another round of widespread layoffs during the third quarter, with computer firms slashing jobs most aggressively, a report said on Monday.
"High-tech job cuts are on the way up as the end of the year approaches," said John A. Challenger, chief executive officer of Challenger, Gray & Christmas. "Behind this trend is the fact that technology companies have virtually no pricing power,"
Job cuts in technology jumped 60 percent between July and September to 54,701, compared with 34,213 layoffs in the second quarter. Computer companies alone saw job cuts jump 127 percent, to 30,624.
Manufacturers in the sector are having trouble making money since they have been forced to lower prices in order to attract consumers, Challenger said. So they end up firing workers in order to maintain healthy profit margins.
Worse yet, the growing number of layoffs is not being countered by any move to hire, Challenger added.
I wonder what kind of salaries and bonuses the CEOs of these companies are still making? Have they had to tighten their belts at all? And what happened to those jobs that Bush's tax cuts were going to create? Oh yeah. They're being created in Bangalore. Now doesn't that make you feel better about the future, knowing that you're helping to finance your own exit from the middle class?
The REAL jobs of the 21st century will be butler, footman, lady's maid, scullery maid, cook, upstairs maid, and pool boy on the huge and luxurious estates of the robber barons of the new millennium.
If you liked 1905, you'll LOVE 2015.
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