Receding US Economy and Effect on IT

[tituseapen]

American Economy is in recession. It is a cyclic phenomenon.

In the past the dot(.)com burst had severe effect on the IT industry. And it is in the recent years only that IT has picked up.

The US recession is definitely going to affect the IT Industry.

Signs have already been visible India with Major software houses like TCS laying off few hundred people in the name of lack of their competency. This is in anticipation less expected projects abroad.

How are we IT professionals going to compat the situation?

[Former Member]

Or maybe you can start taking you hobbies seriously.... (just kidding). Things should settle down

[ThomasZloch]

let's see, then we shall see...

rough translation of my favorite Beckenbauer bonmot.

[JozsefSzikszai]

in Hungary we say: something will definitely happen, because it never happened, that nothing happened...

[Former Member]

Easy

We tell everyone that the date fields are going to overflow in 2010. Worked last time...

You know it makes sense

Gareth

[NathanGenez]

nice

[kiran_k8]

Hi Folks,

U S of A is not the end of the world and I am sure that IT has life beyond USA.

K.Kiran.

[marilyn_pratt]

Community member emailed this link to me this week. It's an oldie but goodie. I wish the community member had posted it here, but as she didn't, I will. [Enjoy|http://www.youtube.com/watch?v=ljbI-363A2Q]

[Former Member]

I wish someone had attached the following to the end of that presentation

"...and despite all this, some poor sod will still be doing SAPScript" 😛

[marilyn_pratt]

Having taught that particular topic for 5 years and still receiving fan mail concerning same, I can only share that I am ROFL

[Former Member]

I thought the "May you all live in exponential times" slide was going to be the end of the presentation...

My theory is that we will all return to subsistence living in the agricultural sector by 2050...

[Former Member]

Do you really think that Julius?

I always think the UN is just trying to scare people with their projections about famine. But then I see how bad things are going with oil and that raising crops for ethanol might hurt us more than the supposed benefits. And also the rise in food prices

I think we'll have to wait to see if things really go that bad, I just wish to be in a safe place if hell breaks through

[Former Member]

Hello Ramiro,

To say that I believe it, would be saying too much...

I did not say that hell would break loose, nor that famine would plague the earth in 2050 (nor that it won't either).

The "exponential times" slide in the presentation reminded me of [interesting times|http://en.wikipedia.org/wiki/May_you_live_in_interesting_times], hence expecting the presentation to end, or proceed with "and you will come to the attention of those in authority".

At the time, in that frame of mind, small scale mango farming on a remote island seemed like an attractive option...

I agree: Lets keep this thread open, and see what happens...

Cheers,

Julius

[Former Member]

If no other recourse, get on the 'hope' bandwagon. You can always hope of better times with a newly minted president come november.

[KjetilKilhavn]

By learning how to cook?

[Former Member]

lol, that was funny.

I'm new to the working environment so I hope to still have a future even if I lose my job in the following months.

I read a few hours ago how an economist was expecting social unrest in case the recession hits my country hard, so I guess my job would be the last thing to worry about.

I've been saving a lot, my mom actually thinks I dont spend how a young man should (cars, girls, clothes), but I actually worry for the familiar economy in case something big happens in the future

[JozsefSzikszai]

"By learning how to cook?"

Indians know that already...

ec

(fan of Indian kitchen)

[andreas_mann3]

...Is not life more than food, and the body more than clothing?...

or

Is not the world more than economy, and the life more than labour...?

greetings

Andreas

[Former Member]

>

> "By learning how to cook?"

>

> Indians know that already...

>

Then they will talk about how all the cooking was outsourced to India...LOL....and we don't want that....

[Former Member]

>

> By learning how to cook?

Don't they cook food in Norway, never expected they would it it raw there!