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Fwd: Jobs, Low wages, lost careers

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Someone has written a statement that in the 1970s and 1980s that advanced degreed professionals were bussing tables but that changed in the 1990s when Denver "recovered".
Having been a person from Colorado I can attest that there were no job openings as predicted in the 1990s for advanced degree individuals.   While living in Colorado during the mid-1990s,  I attended several IEEE meetings in bedroom communities of Denver.  These engineers were in dire need of employment and were guarding the incoming job offers from their peer engineers because those who had jobs knew their employment was always on the line.
In fact high tech jobs dived so badly in Colorado that the state set up a high-tech center in Colorado Springs so that folks could form "virtual" companies.  It was a pathetic by which highly skilled professionals attempted to work together to network their outstanding technical work to find an income related to their field of training.  Many of these tech professionals found some "support work" as technical writers.  (Good thing they majored in engineering instead of English.)
I commend the efforts of these engineers who tried to piece together a living in their fields of engineering in Colorado but it was an awfully sad site to witness the aftermath of the loss of stable employment in Colorado for these professionals.  Interestingly this office is run almost on the campus grounds of the University of Colorado-Colorado Springs.
The job market for high tech workers is terrible and has been in trouble for the past 15 years.  Some folks have been fortunate to have employment but this overlooks the plight of the tens of thousands of individuals in high tech professions who have been downsized defense workers,   had their jobs outsourced to:  Russia,  Ireland,  Israel,  India,   Costa Rica, and Mexico;  private industry downsizing such as the recent victims of Motorola (22,000 to be fired);   Cisco Systems (thousands to be fired);  INTEL (needs to "unburden" itself of 5,000 technical professionals);   GE (supposedly is going to fire 75,000 workers mostly from Honeywell);  Lucent Technology (15,000 workers);   and the thousands who are being replaced by cheap imported workers either under the H-1B Non Immigrant Visa Program ,  TN Visas --- or who will have their jobs exported to Third World Nations.
One only needs to look at the salaries offered to H-1Bs to discover that wages for engineers are not what they should be.  According to the US Dept of Labor's acceptance of H-1B Labor Certification documents submitted to it by Texas employers a "fair and prevailing" wage of $8/hour is adequate compensation for a professional engineer.
There is something terribly wrong with how US technical professionals are being treated.  The jobs are mere jobs--no longer are there dreams of a career.   Companies are firing professionals not by the hundreds but by the thousands!   Wages are deemed "fair and prevailing" when they are little more than min. wage jobs.  
When your neighbor loses his job (ie peer professional) that is a recession.  When YOU lose your job THAT is a depression. 
Soon you too could be joining your peer professional's plight.  In fact,  Chairman Alan Greenspan of the Federal Reserve has been planning that event since June and July of 1999 when he told Congress that TOO MANY Americans are working and he HAD to raise interest rates.   Chairman Greenspan did raise rates and now Americans are being fired by the thousands.
A concerned person.....

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