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So what happens to technology when the recession looms?

March 31st 2008 10:53
technology



From the Chicago Tribune, Barbara Rose.

Like millions of experienced workers caught in a sea change in labor markets, he is learning to navigate a revolving-door world of employment and just-in-time hiring. An engineer who began his career in the 1970s, before lifetime jobs vanished, Foss never wanted to become his own boss. But that, de facto, is who he is becoming, learning skills that don't come naturally to him: networking, branding and promoting himself, juggling one job while keeping an eye out for the next.


He is dipping his toe into the growing world of contract work, where there is no longer any pretense of permanence, and an employee's value no longer increases with longevity and company knowledge. It's as if his work has been outsourced, not to an offshore firm but to an expanding pool of displaced professionals.

This is not how he expected things to unfold, but he is a realist.

"I no longer believe there's a reason anybody could expect to stay with one company for life," Foss said. "Once you come to realize that, what am I holding on to?"

So that's how it is going to be once the new tech push dries up for want of a market as times get tough.

Unless, of course, they can use new technology to cut costs and then they will have a market.

Cost cutting and/or market share enhancement will inevitably appeal to the shrewd business which wants to stay abreast of the tide during a recession when its competitors are thinking of shutting shop.


So what will happen to the new computers, the new laptops, the new cell phones and the new cars, they will definitely be looking for the expanding markets of India and China with their products and other than hybrid cars I have not heard news of any recession breaking technology, But with the number of innovative minds out there, someone is bound to pick up the tab, aren't they?

Lets hope so, I'm lucky now that I'm back at Uni and my boss has offerred me some casual work and for the future at least I'll have the benefit of some experience behind me.

If worst comes to the worst I'll just have to sell the Ferrari, thus far I've managed to get by dad on that one.

Got to run now, I'll tell you what happened with Uni as soon as time allows.

techno, the geek, keeping an eye out for you.




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