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Re:Will the IT job market bounce back? (1 viewing) (1) Guest

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TOPIC: Re:Will the IT job market bounce back?
#4606
Re:Will the IT job market bounce back? 5 Years, 7 Months ago Karma: 6  
In contrast to the IT jobs being lost in other parts of the country, there was a great story in the Wall Street Journal this week talking about how fierce the competition is for experienced software engineers in Silicon Valley. It lead off with the fact that even Google is now losing engineers to higher paying and sexier startups.

It noted that one engineer, who got hired out of Stanford with a $125,000 a year salary, was now being wooed by companies offering in the range of $175,000. It's a classic case of having the rights skills in the right place.

Of course, it would take a salary in that range to be able to live comfortably in the valley.
 
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Mel Duvall
Editor, CIOZone
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#4609
Re:Will the IT job market bounce back? 5 Years, 7 Months ago Karma: 0  
Your last point is right on point, that salary may sound great anywhere but in NYC or the bay but the cost of living is so high there it really equates to $50,000 somewhere else.

On the outsourcing:

If the government did not give tax breaks to companies going offshore it would at least take away some of the incentives to do it. The advantage of the cloud also is that to get the true performance the data center has to be close to the main base of customers. While some of this work can be outsourced remotely much of it will need to stay close.

-sean
 
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#4612
Re:Will the IT job market bounce back? 5 Years, 7 Months ago Karma: 0  
You make a good point about the advantages of onshore data centers, sean. As the rapid move to the cloud and the even more rapid growth of data work together to place increasing stress on the global network, it seems to me that it's going to become increasingly important to place computing power physically close to the data, if not close to the data's end user. Political forces may also play a role in keeping data centers in certain locations. Note RIM's tussle with India over the fact that its servers aren't located there and therefore susceptible to government monitoring. So the IT job market may not bounce back immediately all the way to a superheated level, and it almost certainly won't look the same, but it'll be around for a while yet.
 
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#4613
Re:Will the IT job market bounce back? 5 Years, 7 Months ago Karma: 4  
Mel please realize when you quote these numbers that we are not talking about a skill set but a very major talent. It is a far cry from most IT workers where a common programmer may only earn a $35,000 staring salary and have over $100,000 in student loans. What is extremely alarming is the offshore of jobs that were at the core of the middle class in this country
 
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#4614
Re:Will the IT job market bounce back? 5 Years, 7 Months ago Karma: 4  
Please explain to me this idea of companies getting tax breaks to move offshore. While the cost to talent ROI is compelling, I am not aware of any actual tax breaks to offshore.
 
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#4619
Re:Will the IT job market bounce back? 5 Years, 7 Months ago Karma: 0  
 
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