I observed that while overall US services sector employment is falling, high-tech jobs continue to grow despite the recession. This highlights a strange resilience in technology sectors compared to broader economic trends.
While in the US services sector employment is falling, high tech employment, which is about 8% of the services sector, continues to grow. Meaning technology is still growing, despite the recession. Strange!
I've ordered the World Employment Report to investigate why the ILO suggests India's software industry boom won't last. I want to look deeper into the research and economic predictions regarding global employment trends and IT growth.
I'm observing massive layoffs at Disney, Amazon, and Daimler Chrysler as the 2001 recession takes hold. While job losses are tough, dot-coms might find relief as the costs of labor, real estate, and software begin to decline.
I documented evidence of the 2001 recession by tracking massive layoffs and plant closures at major corporations, including General Motors, Boeing, WorldCom, and AOL, highlighting a broad economic downturn across tech and manufacturing.
I recommend checking out Tech Review for its coverage of emerging technology trends. It is a great resource for staying informed about innovations in science and engineering through their insightful articles and reporting.
This post highlights the dramatic fall in LLM intelligence costs. College-junior level intelligence dropped 500x in 1.5 years. Tenured-professor level intelligence is now $2/MTok, making advanced AI increasingly accessible and affordable.