Feeds

Silicon Valley staff 'gloomiest' in US

Offshore anxieties

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Silicon Valley's optimism isn't shared by the people who work there. According to the AP, area employees are the most pessimistic in the United States. Twenty-seven per cent fear losing their jobs, compared to 18 per cent nationally. Although the unemployment rate has fallen, few new jobs have been created, and laid-off workers have simply moved on.

There's another big reason for the pessimism: offshoring. The migration of white collar jobs is expected to hit the IT sector harder than others, with one in six jobs vulnerable. States that worked hard to attract high-tech jobs are also ruing the decision, and discovering that a more diversified economy is more prosperous during the bust.

However, there may be a more immediate threat to Silicon Valley's prospects than offshore alternatives. After the dot.com bubble burst, the area's housing bubble continued to expand. If the jobs return, employers are likely to look for areas with a lower cost of living, such as Texas and Oregon, Gartner VP Martin Reynolds said recently. ®

Related stories

IBM offshores 500 UK jobs to India
Anatomy of a 419 scam
Sun outsources UK support engineers
Swansea Council IT staff threaten strike over outsourcing
Expat offshore firms slammed as 'unpatriotic'
IT outsourcing goes east

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.