"Morris, one of the authors of a new study printed in the book "Divergent Paths," said 90 percent of young white male workers can expect to have lower lifetime wage growth than the previous generation."

Ninety percent of young white male workers now doing worse than they would have 20 years ago

"Attention, job hunters: It's time to swallow that bitter pill called pride. The simple truth is that, if you're lucky enough to land a job in this suckfest of an economy, you won't be making as much money as you were making a year ago, and the title on your business card will take a hit too. "

Business 2.0 - Magazine Article - Brazen Careerist: The Incredible Shrinking Resume

At the time, the job market "had a bad but temporarily bad feel," Mr. Rosenberg said. But by the end of the summer, none of his job interviews had panned out, and the help-wanted ads were getting skimpy. ... When he realized that he might not find a job for a while, Mr. Rosenberg said, he felt he had to do something productive. ...

Making Unemployment Work (Sort Of)

"Those who took advantage of the hot economy of the 1990s to job-hop may now find themselves first on the layoff list and with fewer prospects for future employment as long as the current economic downturn lasts." ... Robert Klehm, research director at Cambridge, Mass.-based Giga Information Group: "I agree with the basic statement that the people who have jumped around have a stigma attached to them. What is the risk of laying them off, because they will probably just leave anyway?"

Study: Tech job-hoppers more likely to be laid off

Cavazos didn't plan to go from high-tech to blue collar. But after eight months without a job, the 37-year-old Raleigh, N.C., resident had burned through his 401(k) savings and was nearing the end of unemployment insurance. He took the postal job to pay the mortgage--even though it leaves him wanting professionally. ..."

ZDNet: Printer Friendly - The world of the laid-off techie

": I have often heard it said in the private equity business that people are very important. I have come to the conclusion after 30 years in this business that management talent is a necessary but not sufficient reason to succeed. Management can never be overvalued, but it can be overestimated. Warren Buffett once said, show me a bad business and a good management and the bad business will prevail every time. So the lesson I have learned from the recent mania is that you may have capital and a talented management team, but if you are fundamentally in a lousy business, you won't get the kind of results you would in a good business. All businesses aren't created equal."

VC moves from one unreality to another

When the economy recovers, not all technology hubs around the United States will get equal treatment in terms of jobs, according to a report released this week... "It's going to be a rough year for the Bay Area," said Steven Cochrane, an economist at Economy.com. "San Francisco is hurt by the technology and financial industries, and San Jose has the highest concentration of tech jobs."

Is your tech hub growing? - Tech News - CNET.com

The business model for online gaming is still evolving, but at least one popular online game has already created a powerful free-market economy, according to a study.

Evercrack's collective economy is larger then Russia's!

This is fairly funny...

The Hungry Site - Feeding the New Economorons

Next time you hear that file swapping is responsible for the decline in music industry revenues in 2001, take a look at this. Declines in concert revenues tracked declines in sales of recorded media.

Salon.com Arts & Entertainment | What's wrong with the music biz?