We had a chance to sit in on a US Department of Labor announcement last week. The talk was on the dot-com bubble, high-tech employment between 2001 and 2008 and how the recession is affecting the high-tech industry.
Basically, the high tech industry in the Silicon Valley was still recovering from the bursting of the dot-com bubble in 2001 when the recession hit. When the bubble burst, many people lost their jobs but, interestingly enough, the average wage in the Silicon Valley went up for those who remained.
Prior to the recession, the number of high-tech careers in the Silicon Valley was increasing. Last year, the recession hit everyone, but high-tech jobs were some of the least hard hit because they were already on the way up. The Department of Labor actually had a few good things to say about high-tech careers, not the least of which was that, because high-tech careers were already on the way up, they will rebound much faster than other careers that were hit by the recession.
This means that if you’ve been thinking about a career in high-tech or knew you wanted a new career but weren’t sure where to start now is actually a great time to start working on your degree. In a few years, your new degree could have you ready for a new career just when demand for high-tech workers returns!