Thread: More millions of people to lose their jobs…

Is it true that there will be loss of IT jobs in coming 2-3 years?

There will be IT job losses within the next 2 to 3 years. And the next 10 years. And the next 50.

But you shouldn't worry. As IT jobs go away, the worker doesn't just go lay down and die or retire. We branch out and try new fields within IT.

As these jobs go away, new jobs are created. and probably at a faster rate than these jobs disappear.

We will always need people to help other people use their devices.
We will always need people to program the computers.
Change? Yes. Decrease? Not likely.



Source: https://www.quora.com/Is-it-true-tha...ming-2-3-years


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When the monthly jobs report came out on Friday, President Donald Trump brushed aside the staggering statistics — 14.7% unemployment, more than 20 million jobs lost in April — saying, “those jobs will all be back, and they’ll be back very soon.”
Many workers believe that, too — at least the part about getting their jobs back at some point. Of those who lost jobs last month, 78% reported they were temporarily laid off.
But a paper out this week from the Becker Friedman Institute at the University of Chicago estimates that many of the layoffs people expect to be temporary will actually become permanent.
“Our best guess is something like 60% of the employment reduction is going to be temporary, and 40% is going to be permanent,” said Nicholas Bloom, an economics professor at Stanford University and one of the co-authors of the paper. “Looking through history at previous recessions, often these temporary layoffs, unfortunately, turn out to be permanent.”
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