Thursday, November 06, 2008

Boston Market | November 2008

The crisis in the financial markets continues. This uncertainty has now spilled over into the technology job markets.

The list of Top 20 Web Technologies in Boston has been updated for November and the sea of red down arrows appears in the right-hand column.

Growth of Knowledge Workers Low, Job Vacancies High

While it would be easy to focus on doom and gloom, our challenge is to set our sights on a future of opportunity. For example, the Greater Boston Chamber of Commerce released a report last week that points to opportunities for those who develop technology skills.

"The data reveals a worrisome trend: Greater Boston is not growing its skilled workforce fast enough to meet employers’ needs, and is unable to fill more than 90,000 job vacancies that exist each year in the region."

The report reveals that knowledge workers are the key to future growth and that many companies are finding it increasingly difficult to attract knowledge workers with the right collection of skills.

"Although staffing difficulties were unique to each firm, it was clear that for many businesses, technical and financial skills are highly valued."

So, developing technical skills offers long-term career opportunities in today's market place. These skills will become increasingly valued as society advances and an aging workforce contemplates retirement.

A press release summarizing Greater Boston’s Challenge: Sustaining the Talent Advantage is available for review along with a link to a more detailed report in pdf format.

Yes We Can

If you are anxious about the future, take time out -- 17 minutes -- and reflect on a better tomorrow.

"This is our time, to put our people back to work and open doors of opportunity for our kids; to restore prosperity and promote the cause of peace; to reclaim the American dream and reaffirm that fundamental truth, that, out of many, we are one; that while we breathe, we hope. And where we are met with cynicism and doubts and those who tell us that we can't, we will respond with that timeless creed that sums up the spirit of a people: Yes, we can."
President-Elect, Barack Obama, November 4, 2008

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