Economy

The Economic Impact of Apple’s iPhone 6

Posted In Living in Tech
Apple iPhone 6 Plus
How much do the latest iPhones add to the U.S. economy? Michael Feroli, the chief United States economist for JPMorgan Chase, told The New York Times that Apple’s smartphones could contribute “one-quarter to one-third of a percentage point to the annualized growth rate of the gross domestic product.” That’s quite a bit, in the context of this country’s $16.8 trillion GDP. Click here to find iOS development jobs.  Over at Forbes, Tim Worstall pushed back against Feroli’s estimate, claiming that… continue…

IT Services Providers Pay Well for Advanced IT Skills

Posted In Looking in Tech
wavebreakmedia Shutterstock
The next time IT professionals with advanced skills go looking for a job, chances are good they’ll discover that IT services providers will pay them about 15 to 30 percent more than a traditional enterprise IT organization. IT services vendors and traditional IT organizations have always competed for the best IT talent. But because IT services providers build their business around the talents of their in-house IT staffs, making sure they have the best and brightest people is a critical… continue…

Why Silicon Valley’s ‘Attitude’ Isn’t Such a Bad Thing

Anti-Gentrification Party
In Silicon Valley they think differently, and if that leads to arrogance, so be it. At least that’s what Bloomberg Businessweek’s Joel Stein implies in his long meditation on the area’s outlook on technology, money and changing the world. For better or worse, technology is driving the area’s economy: Private pay and benefits are rising more quickly there than in any other major metropolitan area in the country, reports the Oakland Tribune. “The Bay Area has one of the strongest… continue…

State, Local Governments Resume Tech Hiring

Posted In Looking in Tech
Town Hall
State and local governments are picking up the pace of their IT hiring as the economy grows. Although smart officials are rethinking the level of staff they need on-site, a rash of retirements is creating a range of opportunities, says Alan R. Shark, executive director/chief executive officer of the Public Technology Institute at Rutgers University. Still, new dynamics are at play. “Some of the civil service laws are so archaic that classifications have no bearing on the market rate. IT… continue…

Here’s Why You Shouldn’t Worry About a Bubble

Posted In Looking in Tech
Soap Bubble
Facebook’s $19 billion acquisition of WhatsApp is seen by some as the clearest sign yet that we’re in the midst of a tech bubble that could threaten jobs in both startups and established IT firms. But not everyone agrees. “Obviously there have been some really big prices paid for tech companies recently,” says former Apple CEO John Sculley, citing both the WhatsApp acquisition and Google’s $3.4 billion purchase of Nest. The size of both deals shocked many Silicon Valley watchers.… continue…

Contrasting Views on Tech Job Market Outlook

Posted In Looking in Tech
Contrasting Trends
With the release of a December jobs report called the worst in three years, Janco Associates CEO Victor Janulaitis continues to warn of gloomy prospects in the IT job market. By his count, just 3,200 tech positions were added in December, bringing the total to 15,900 in the past three months. That grim assessment trended with the layoffs the computer sector encountered during the month, which reached 5,578 – up more than five times the level for the same period… continue…

Computer Sector Ranks No. 5 in Job Cuts

Posted In Looking in Tech
Layoffs
Although the computer industry generated the fifth largest number of job cuts last year, it’s poised to post strong gains in certain slivers of the sector in the new year, according to a Challenger, Gray & Christmas report released Friday. The computer sector lost 35,136 jobs last year, according to the report, as Hewlett-Packard cut tens of thousands of employees from its payroll and companies like Cisco and Intel also announced large cuts. In the month of December alone, the… continue…

Tech Companies Woo Economists

Posted In Looking in Tech
Data Analysis
Tech companies were among the employers wooing young economists at the American Economic Association’s annual meeting recently in Philadelphia. In the past few years, Google, Microsoft and Amazon have organized teams of economists to sift through their reams of data and spot market trends. “It used to be that if you got a Ph.D. in economics, you went to government, you went to academics, you went to a consulting firm, or you went to Wall Street,” Greg Rosston, Deputy Director… continue…

Atlanta Hiring Projections Show More Strength

Posted In Looking in Tech
Atlanta
Atlanta, which has been adding tech jobs at a rapid clip, will ramp up IT hiring during the first half of 2014 a little faster than the nation as a whole. Robert Half Technology reports that 18 percent of Atlanta CIOs plan to add staff during the first six months of next year, an increase of 9 percentage points from their July-December 2013 projections. Most companies still plan only to fill vacant positions (65 percent), while 5 percent will put… continue…

CIOs Up Hiring in Silicon Valley, San Francisco

Golden Gate
IT hiring is expected to heat up during the first half of 2014 in Silicon Valley and San Francisco, according to a Robert Half Technology survey of the area’s CIOs. That’s good news that comes after two surveys from other organizations that described lackluster IT hiring nationally in November. Bay Area CIOs are feeling more bullish about hiring than they were when questioned about the first half of 2013. Among other things, RHT found that: 20 percent of survey respondents… continue…