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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...

Author: /time Magazine | Title: WHERE THE JOBS ARE | 1/20/1997 | See Source »

...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...

Author: /time Magazine | Title: WHERE THE JOBS ARE | 1/20/1997 | See Source »

...office, he offers none of life's standard see-you-again-someday pleasantries, but he agrees that I should feel free to E-mail him. So I pose the questions, along with some more mundane technical ones, in a message a few days later. Answers to the tech issues come promptly. But he ignores the philosophical ones. Finally, weeks later, a note pops up in my mailbox, dispatched from storm-swept Seattle...

Author: /time Magazine | Title: IN SEARCH OF THE REAL BILL GATES | 1/13/1997 | See Source »

Over the years they would have ferocious fights, and Allen would, after a Hodgkin's disease scare, quit the company and become estranged. But Gates worked hard to repair the relationship and eventually lured Allen, who is now one of the country's biggest high-tech venture-capital investors (and owner of the Portland Trail Blazers), back onto the Microsoft board. "We like to talk about how the fantasies we had as kids actually came true," Gates says. Now, facing their old classroom building at Lakeside is the modern brick Allen/Gates Science Center. (Gates lost the coin toss...

Author: /time Magazine | Title: IN SEARCH OF THE REAL BILL GATES | 1/13/1997 | See Source »

...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...

Author: /time Magazine | Title: IN SEARCH OF THE REAL BILL GATES | 1/13/1997 | See Source »

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