6 ms·
Unemployment in Silicon Valley higher than after dot-com bubble burst
- ivankirigin 17y agoBubble was a equity problem, not something affecting the general public.
- bigbang 17y agoNot sure what you mean by general public , but it sure did affect employment in tech industry by a LOT
- ivankirigin 17y agoTech industry unemployment stats would be relevant then. I only skimmed, but it appears to be talking about general unemployment. By "general public" I mean that it's harder on everyone - not particularly hard on tech. I'm sure the stats show that the dotcom bubble was worse for tech workers.
- dustineichler 17y agoLast time everyone left for Austin... where's everyone going now. I don't really see the same kind of departure.
- smhinsey 17y agoNot that it lessens the blow any, but it's worth mentioning that these figures are across the entire employment spectrum. Some of the commenters mention large hits in management, but it can also represent the freefall in construction and other especially vulnerable blue collar/service industries. Probably because I am in the midst of starting my own job search and targeting SF/SV, I got a little unnecessarily worried. This is not a tech job specific figure.
- donaldc 17y agoUnemployment may be higher, but strangely I'm noticing that rush-hour traffic is still a lot worse than during the dotcom bust, when traffic jams on 101 nearly disappeared for a while.
- prakash 17y agofolks going for interviews could explain that.
- mikeryan 17y agoIts true, the unemployment much more spread out then in the dot com bust. This recession doesn't "feel" as bad as 2001 where everyone I knew was getting laid off from a tech company or startup, I think because the spectrum affected is so much wider.
- joshuaxls 17y agoI personally don't see this myself. I work for a profitable startup in SF and we've had a hell of a time finding good hires. The problem may be that we do PHP development and the market is saturated with ex-lifers who are Java and .NET aficionados. I know a handful of other startups feel the same way.
- sfphotoarts 17y agoI see the same thing, its still really hard finding good LAMP developers with knowledge from jquery thru PHP to SQL
- asdlfj2sd33 17y agoI'm not a fan of Java or .NET but I bet you a good Java developer will be able to grok PHP.
- GavinB 17y agoAs my cousin says, "unemployment payments mean that my startup is funded."