Tangled web



Thursday, March 20, 2003

Tech jobs down
 
Were you wondering where your job (or all those former co-workers' jobs) went to?
The American Electronics Association showed a decline of more than 500,000 high-technology jobs in the United States from January 2001 to December 2002. The report, based on monthly employment data from the Bureau of Labor Statistics, found that technology jobs dropped to 5.1 million from about 5.7 million during the two-year period. --NY Times

If that were all, the US economy could easily absorb the loss. But jobs have been lost in just about every sector as companies stave off losses by shipping operations overseas into low-paying areas.