In Silicon Valley, the Jobs Picture Has Changed
By Sumaira Bajwa • Sep 7th, 2009 • Category: Technology • 2 CommentsAfter a downturn, the business landscape never looks the same. Just look at what happened to employment in Silicon Valley after the high-tech downturn of 2001.
According to data from the Bureau of Labor Statistics, employment in Silicon Valley high-tech industries — which were among the most heavily damaged in the storm — fell by 17 percent from 2001 to 2008. But that doesn’t tell the whole story. Some industries were winners and others were losers after the shakeout.
Three winners were pharmaceuticals, aerospace and scientific research, which posted impressive job growth, on a percentage basis, over the 2001-8 period, according to the bureau.
Out of 11 industries analyzed, though, eight lost employment. Hit especially hard were communication equipment manufacturing, semiconductor manufacturing and control instrument manufacturing.
Across the board, though, wages rose — by an average of 36 percent over the period.
Source: NY Times
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Dear Ms Sumaira,
Going through your difference articles about technology, I appreciate your contribution and your flare.
Briefly I introduce Technology Times; an upcoming weekly newspaper about happenings of S&T in Pakistan. We are looking writers who have interest in writing about technology and have an eye on state of S&T in Pakistan.
By November we’ll launch web edition and printed version by end of this year.
We cordially invite you to write in weekly Technology Times. Our mailing address is technologytimes[dot]pk[at]gmail[dot]com.
Your contribution is highly appreciated.
i haven’t been on the silicon valley but i would really love to visit that place. i bet that it is a very exciting place to visit ”.