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The economy keeps going deeper down the toilet

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Confused
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PostPosted: 08/02/04 - 16:55    Post subject: The economy keeps going deeper down the toilet Reply with quote

http://story.news.yahoo.com/news?tmpl=story&cid=1519&ncid=749&e=6&u=/afp/20040802/bs_afp/us_economy
What will we do? Sad
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kireol
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PostPosted: 08/02/04 - 17:25    Post subject: Re: The economy keeps going deeper down the toilet Reply with quote

Confused wrote:

What will we do? Sad


According to half of realpoor, like faerdael, spitulski, et all, we'll just keep buying foreign cars, because it doesnt affect our economy or jobs
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lauren000
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PostPosted: 08/02/04 - 17:47    Post subject: Reply with quote

that's great, but the people with degrees don't want to work unskilled factory work making 1/6th what they did before Bush took office. I know I sure as hell wouldn't want to.
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Confused
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PostPosted: 08/02/04 - 17:48    Post subject: Reply with quote

lauren000 wrote:
that's great, but the people with degrees don't want to work unskilled factory work making 1/6th what they did before Bush took office. I know I sure as hell wouldn't want to.

I hope you realize that factories are automated nowadays. Factory automation is a big industry requiring educated people, which you are not.
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Paco
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PostPosted: 08/02/04 - 17:52    Post subject: Reply with quote

Confused wrote:
lauren000 wrote:
that's great, but the people with degrees don't want to work unskilled factory work making 1/6th what they did before Bush took office. I know I sure as hell wouldn't want to.

I hope you realize that factories are automated nowadays. Factory automation is a big industry requiring educated people, which you are not.


I realize that pointing out the stupidity of the dude, this particular time made me chuckle.."which you are not." just struck a chord. Thnx sir!
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lauren000
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PostPosted: 08/02/04 - 17:53    Post subject: Reply with quote

Confused wrote:
lauren000 wrote:
that's great, but the people with degrees don't want to work unskilled factory work making 1/6th what they did before Bush took office. I know I sure as hell wouldn't want to.

I hope you realize that factories are automated nowadays. Factory automation is a big industry requiring educated people, which you are not.

b******t. And, don't even try to claim that the domestic tech industry hasn't been severely hurt by outsourcing. And while we're on the topic I don't like getting f*****g customer service from Indochina, the Philippines, or South America when someone makes a fraudulent charge to my credit card or my computer breaks.
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Paco
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PostPosted: 08/02/04 - 17:58    Post subject: Reply with quote

lauren000 wrote:
Confused wrote:
lauren000 wrote:
that's great, but the people with degrees don't want to work unskilled factory work making 1/6th what they did before Bush took office. I know I sure as hell wouldn't want to.

I hope you realize that factories are automated nowadays. Factory automation is a big industry requiring educated people, which you are not.

b******t. And, don't even try to claim that the domestic tech industry hasn't been severely hurt by outsourcing. And while we're on the topic I don't like getting f*****g customer service from Indochina, the Philippines, or South America when someone makes a fraudulent charge to my credit card or my computer breaks.


wtf, are you reading shit that's like 30 years old? hahah, holy crap
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Pankrat
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PostPosted: 08/02/04 - 18:21    Post subject: Reply with quote

I'm a technical recruiter. Business is booming. It feels like 98 moving into 99. Contractor rates and salaries are going up, candidates are getting snapped up in a matter of days/weeks instead of months. It started to pick up late last year and has been steadily increasing.
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Goraz
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PostPosted: 08/02/04 - 18:32    Post subject: Reply with quote

The world needs ditchdiggers too.
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Owyyn
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PostPosted: 08/02/04 - 19:04    Post subject: Reply with quote

I have a desk job at a factory that produces furniture. It's automated to an extent, but you still need someone there to run the machine. They don't have arms that grab shit off a pile and throw it in. Rolling Eyes
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Mugaaz
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PostPosted: 08/02/04 - 19:10    Post subject: Reply with quote

Goraz wrote:
The world needs ditchdiggers too.


Pretty soon it won't. People need to adapt or die. It's no one elses job to make sure you're not getting f*****g over but your own. If your job dissapeared I guarantee you could of seen it coming and found a better profession before hand. But instead you chose not to, then bitched when you lost it. Boo f*****g hoo. If you lost your job for any reason other than racial or **** prejudice, or something similair, then I couldn't f*****g care less.
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Overon
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PostPosted: 08/02/04 - 19:21    Post subject: Reply with quote

More Factories + Gas Guzzling Cars + American Patriotic Advertising = $PROFIT$
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sinrakin
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PostPosted: 08/02/04 - 22:32    Post subject: Reply with quote

Pankrat wrote:
I'm a technical recruiter. Business is booming. It feels like 98 moving into 99. Contractor rates and salaries are going up, candidates are getting snapped up in a matter of days/weeks instead of months. It started to pick up late last year and has been steadily increasing.

You must be right. I just got a call from a headhunter today; that's the first one in like a year Smile
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Spitulski
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PostPosted: 08/02/04 - 23:06    Post subject: Reply with quote

Proof positive Kireol doesn't have the slightest grasp on economics and is just looking to paint his soapbox a little more red, white and blue.
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Fanelien
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PostPosted: 08/02/04 - 23:14    Post subject: Reply with quote

What in the unholy f**k are you people going on about? the economy is bloody strong at the moment.
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Frax
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PostPosted: 08/02/04 - 23:19    Post subject: Reply with quote

Fanelien wrote:
What in the unholy f**k are you people going on about? the economy is bloody strong at the moment.


No its not, we are all starving and living out of our gas guzzling US made cars Sad(
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euphonious
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PostPosted: 08/02/04 - 23:23    Post subject: Reply with quote

Frax wrote:
Fanelien wrote:
What in the unholy f**k are you people going on about? the economy is bloody strong at the moment.


No its not, we are all starving and living out of our gas guzzling US made cars Sad(


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PostPosted: 08/03/04 - 01:55    Post subject: Reply with quote

Frax wrote:
Fanelien wrote:
What in the unholy f**k are you people going on about? the economy is bloody strong at the moment.


No its not, we are all starving and living out of our gas guzzling US made cars Sad(


I love to buy go fast juice.

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Celestra
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PostPosted: 08/03/04 - 03:46    Post subject: Reply with quote

sinrakin wrote:
Pankrat wrote:
I'm a technical recruiter. Business is booming. It feels like 98 moving into 99. Contractor rates and salaries are going up, candidates are getting snapped up in a matter of days/weeks instead of months. It started to pick up late last year and has been steadily increasing.

You must be right. I just got a call from a headhunter today; that's the first one in like a year Smile



What does he want with your head. Sad
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sinrakin
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PostPosted: 08/03/04 - 08:01    Post subject: Reply with quote

Celestra wrote:
What does he want with your head. Sad

Not sure if you're joking Wink, but that's the colloquial term for Pankrat's job. You basically use your contacts to find people at one company who you can induce to go work for one of your clients instead, pocketing a fairly hefty commision in the process. It's a hard job, but you can make big bucks if you're good.

How many calls you get from headhunters is a pretty good indication of how the economy is doing. One ever week or two is booming, one a month or so is strong, one every three months is sputtering along, anything less is dead.


Last edited by sinrakin on 08/03/04 - 08:02; edited 1 time in total
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Celestra
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PostPosted: 08/03/04 - 08:09    Post subject: Reply with quote

sinrakin wrote:
Celestra wrote:
What does he want with your head. Sad

Not sure if you're joking Wink, but that's the colloquial term for Pankrat's job. You basically use your contacts to find people at one company who you can induce to go work for one of your clients instead, pocketing a fairly hefty commision in the process. It's a hard job, but you can make big bucks if you're good.

How many calls you get from headhunters is a pretty good indication of how the economy is doing. One ever week or two is booming, one a month or so is strong, one every three months is sputtering along, anything less is dead.


I was joking, hehehe.

But that's a lot of calls though. Must be nice to be wanted!
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kireol
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PostPosted: 08/03/04 - 09:07    Post subject: Reply with quote

Spitulski wrote:
Proof positive Kireol doesn't have the slightest grasp on economics and is just looking to paint his soapbox a little more red, white and blue.



lmao. dude, yer 19. you'd be lucky to know what makes you c*m let alone how the real world works.

dont be embarassed because i am right and you are wrong. you arent the first.
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Paco
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PostPosted: 08/03/04 - 09:33    Post subject: Reply with quote

kireol wrote:
Spitulski wrote:
Proof positive Kireol doesn't have the slightest grasp on economics and is just looking to paint his soapbox a little more red, white and blue.



lmao. dude, yer 19. you'd be lucky to know what makes you c*m let alone how the real world works.

dont be embarassed because i am right and you are wrong. you arent the first.


I'm your huckleberry.

I'm embarassed by your poor grammar and spelling when you decided to "school" spitty. Dude, you're old enough to know how to use spellchecker, let alone how the economy's doin. Feel lucky you poop with some sort of regularity.
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Confused
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PostPosted: 08/03/04 - 09:36    Post subject: Reply with quote

Owyyn wrote:
I have a desk job at a factory that produces furniture. It's automated to an extent, but you still need someone there to run the machine. They don't have arms that grab shit off a pile and throw it in. Rolling Eyes


Yes, but factories need much fewer people and produce much less waste to produce the same amount of output than they did just 10 years ago.
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Akronn
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PostPosted: 08/03/04 - 10:30    Post subject: Reply with quote

Some factors go up, some go down.

http://www.freep.com/news/latestnews/pm20956_20040803.htm

Consumer spending, which accounts for 2/3 of our economic activity, drops by the largest amount in three years. Wages were also unexpectedly flat, again to the surprise of 'experts.' Unemployment still hasn't gone anywhere, either.

We're just muddling along, Bush and his admin don't have a handle on this yet (and may not ever).
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Pankrat
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PostPosted: 08/03/04 - 10:34    Post subject: Reply with quote

He said "Bush" quick move this to the political forum!! Shocked
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Confused
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PostPosted: 08/03/04 - 10:41    Post subject: Reply with quote

MOVE THIS THREAD!!!!!
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Goraz
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PostPosted: 08/03/04 - 10:42    Post subject: Reply with quote

Mugaaz wrote:
Goraz wrote:
The world needs ditchdiggers too.


Pretty soon it won't. People need to adapt or die. It's no one elses job to make sure you're not getting f*****g over but your own. If your job dissapeared I guarantee you could of seen it coming and found a better profession before hand. But instead you chose not to, then bitched when you lost it. Boo f*****g hoo. If you lost your job for any reason other than racial or **** prejudice, or something similair, then I couldn't f*****g care less.


You're starting to sound like me. Mugaaz is my lost brother.
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Pankrat
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PostPosted: 08/03/04 - 11:15    Post subject: Reply with quote

My take on the tech econmy as a "headhunter". I started recruiting Oct 97, 98 was my first full year doing it - 98 things were humming right along and the pace picked up all year. 99 the whole .com thing started going crazy. By the end of 99 hiring was at a frenzied pace. The first 3 quarters of 2000 was the peak of the .com bubble - it was just a feeding frenzy. You could call people about a job and if it was more than 10 miles from their house they might hang up on you (I was mainly recruiting Silicon Valley/SF Bay Area).

Everyone had multiple offers and picked and chose what and where they wanted to work - it was like musical chairs for a lot of companies. Around Sept/Oct things started to slow down. The whole election mess put the brakes on big time, VC money was drying up fast and the bubble started to burts. By mid 2001 tech was floundering, there was a glut of equipment and foreign talent (Clinton administration and all the tech co's pushed hard to raise the H1B cap and loosen restrictions on H1 employees).

When Sept 11 happened, everything stopped. The tech economy went from a mild recession to a full flung depression. By early 2002 probably half of my old clients were gone and no one was hiring. 2002 was the worst, not sure how we survived (the agency I work for).

Early 2003 started to show signs of life but it sputterred and started and stopped. Mid 2003 things were picking up, but it was just a gradual kind of thing. By late 2003, business was solid, job orders were steady.

2004 started off nice and has been picking up month by month. For the first time in a long time in July, multiple old clients have called us out of the blue with job orders. Recruiting in 03 used to talk to people that had been out of work for a year or longer all the time. Now, the majority of the talent I talk to has multiple opportunities they are working simultaneously - and I have lost quite a few to competing offers because some of my clients are still in "recession mode" - ie they don't move quick enough.

Granted - I work the higher end of the tech jobs, and there are still alot of people out there looking for work and it's also regional. Some areas of the country are doing much better than others. But overall the activity level is steadily increasing, the best people are getting snapped up quickly, compensation is moving back up (it was 2/3 - 1/2 of what it was, which meant that guys who used to make 100/hr were now making 60 or 50, however now they are moving back up to 65-70-75, etc.).

So there you have 1 recruiters view of the tech economy - as you can imagine in my job I talk to alot of people.
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Nobunaga
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PostPosted: 08/03/04 - 11:22    Post subject: Reply with quote

Shows how myopic people are...

http://quote.bloomberg.com/apps/news?pid=10000006&sid=aX3fwaUzrwCg&refer=home

http://www.economist.com/agenda/displayStory.cfm?story_id=2981868

http://www.bea.gov/briefrm/dpi.htm
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