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back to article IT recession is no more, says study

We're coming into the home stretch of 2009, and this is the time when the IT prognosticators come out of the woodwork to make their predictions and projections for the new year. The wizards at Computer Economics - which makes a business out of measuring IT spending, salaries, and other technology trends - is calling an end to …

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FAIL

Reality check

The graph on the Jobststats website is still pointing down (http://www.jobstats.co.uk/)

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too late

tell it to the 1200 ex-fujitsu employees who were made redundant to keep the companies profits up!

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Megaphone

Lots of companies have made cutbacks!

No it's not good to lose your job, but that's the economic reality of a free market economy with it's ups and downs. A business has to make cutbacks to avoid getting into debt, just like anyone else, not because they have a vendetta. If your income started to fall, would you feel obliged to maintain your previous level of expenditure?

The whole affair with Fujitsu has been stirred up by Unite as a publicity stunt so they can sign up new members. No doubt they appreciate the boost to their bottom line when recessions loom. But through the "good times" they're recruiting foreigners to take British jobs because their primary concern is not your jobs but their income! Have Unite make cutbacks in this downturn? How much do they pay their "executives"?

Lest not forget that the people who will get us out of this recession are those managing businesses effectively to return them to profitability. Not highly paid Marxist union execs who've never created productive new jobs in their lives. If you feel any sense of Solidarity with the workers who have lost their jobs, you'd do better to donate them your union dues instead.

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Sorry but..

You haven't a clue about the Fujitsu situation or unites involvement.

I don't have a problem with you thinking they are Marxist, you can have an opinion. However you clearly have no idea of what has been going on at Fujitsu, how the local union members have behaved, how the local reps have behaved or even how the unions 'execs' have behaved.

Go and check your facts then feel free to spout off.

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Flame

The world hopes the U.S. gets less change in 2010

> Because the US economy went into recession in December 2007, eventually dragging down the rest of the world as the mortgage and banking crises raged in 2008

2007 Dec - U.S, engages in full scale political campaigning for President - possible change created uncertainty in the market, no one wanted to invest until they understood the impacts

2008 Q4 - U.S. elects new President who advocated lots of change - possible change continued to create uncertainty in the market, no one wanted to invest until the understood the impacts

2009 Dec - U.S. Congress & President plan on overhauling 30% of their economy by nationalizing Health Care - any change will send the U.S. Economy into another tail-spin, prolonging the recession, since no one will want to invest into 1/3rd of the economy that the government plans on taking over

Yea - if the yanks stop screwing with their economy, the rest of the world will get a break!

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Anonymous Coward

@Change, @Lots of cutbacks

Geez, I wonder how the Chinese manage 9% growth with a national health care system and all those pesky Marxists in management? And how did I miss all those jobs the private insurance concerns and big pharma have been creating State-side while they've been enjoying record profits?

I know at least one Yank (yours truly) still cautiously optimistic about the change so far, Afghanistan (not much change there, really; same stuff, different country; oh, its just on the other side of Iran, who knew?) notwithstanding.

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WTF?

Re: @Change, @Lots of cutbacks #

> Geez, I wonder how the Chinese manage 9% growth with a national health care system and all those pesky Marxists in management?

When the Chinese are supplying technology & medication created by State-side companies without compensation, The West has been subsidizing the Chinese Communist Government by private insurance companies and high cost of health care to the consumer.

It does not take a genius, just follow the money.

> big pharma have been creating State-side while they've been enjoying record profits?

They have been laying off people by the hundreds of thousand and merging in order to try to keep from going out of business.

http://blogs.wsj.com/deals/2009/03/17/pharma-merger-agreements-why-pretend/

I am not sure what dumb media outlet you are hearing about this from - such comments are devoid of reality.

Drug research and manufacturing is an inherently risky business, where 1 billion US$ is required for each successful drug to come to market in the United States - most drugs researched never make it to market.

Occasionally, a particular side effect may even take a drug off the market, costing billions in law suits.

http://www.cnn.com/2009/HEALTH/06/30/acetaminophen.fda.hearing/index.html

By nations stealing drugs and supplying them at cut-rate costs to their citizens, they enjoy all the benefits and take none of the risk. Their "national health" systems are subsidized by citizens of nations who actually pay for their health care they consume - what a concept.

Why don't governments just provide free natural gas, gasoline & diesel to people, so they can stay alive in the winter and go to the store to buy & cook the food they will die without? More people will die without Natural Gas, Gasoline, and Diesel than will die from lack of nationalized health care!

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