Word: teche
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Dates: during 1990-1999
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...unrelenting rule of frequent downsizing. They reflect a tireless expansion and fundamental shifts in the workplace that have created more than 11 million new jobs since 1991, slashed unemployment to 5.3% and turned the country into the world's hottest job machine. The same forces that have brought high-tech labor shortages to regions from Silicon Valley to Boston's Route 128 corridor are fast transforming Rocky Mountain states from energy, ranching and mining to hubs for job-rich information industries. In parts of the Midwest, manufacturers that survived the industrial meltdown of the past two decades...
...from this employment largesse. A fault line divides the workers with the knowledge and credentials to get good jobs from those individuals, many of whom live in inner cities, who lack the basic education to cash in. Significant regional variations apply too. Beyond Wall Street and Boston's high-tech belt, the Northeast has barely begun to recapture jobs lost in the last downturn. And the fear of downsizing still sends shivers through offices and factories at Fortune 500 companies everywhere, destroying any sense of job entitlement and dampening employee wage demands. "It's almost a paradise for job seekers...
...Texas capital of Austin, the hub of a section of the Lone Star State that is studded with 500 software companies and 1,000 high-tech manufacturers such as IBM and South Korea's Samsung. (The electronics giant broke ground last year on a $1.3 billion semiconductor plant with a Texas-size rodeo and hoedown.) Such employers are looking to hire 15,000 people this year, notably experienced programmers and top-level managers. Entry-level slots are also available: high school grads with some technical training can pull down $26,000 to $28,000 a year as technicians at semiconductor...
...just two years, software employment has soared from 95,000 to 130,000 jobs in Massachusetts, a state that has suffered some serious high-tech busts in the past at now moribund places like Wang. Starting salaries, which ranged from the high 20s to the high 30s a year ago, now start in the high 30s and go up to $50,000 a year. "We have a wild market at the moment," says Joyce Plotkin, executive director of the Massachusetts Software Council, who predicts more double-digit employment growth over the next two years...
...There are two types of tech companies," Myhrvold says in between pauses to inhale the aroma of the food. "Those where the guy in charge knows how to surf, and those where he depends on experts on the beach to guide him." The key point about Gates is that he knows--indeed loves--the intricacies of creating software. "Every decision he makes is based on his knowledge of the merits. He doesn't need to rely on personal politics. It sets the tone...