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CA: Bay Area job losses are largest in nation
Contra Costa Times ^ | 7/27/03 | George Avalos

Posted on 07/27/2003 9:23:16 AM PDT by NormsRevenge

Edited on 04/13/2004 3:31:36 AM PDT by Jim Robinson. [history]

To find the bottom of America's economic barrel, you don't have to go very far.

No question, it's not that much of a shock to learn the Bay Area has a soft employment picture. The evidence, after all, is plentiful.


(Excerpt) Read more at bayarea.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Extended News; Government; Politics/Elections; US: California
KEYWORDS: calgov2002
We're Number 1 !!! We're Number #1 !!! WOOO HOOOO!!!!!

Thanks GUb Davi$ and California Unions, demRatic state legislators and non-elected commissions!!!

You Did IT !!!! We're Number #1 !!!

What do we win 8-? :-\

1 posted on 07/27/2003 9:23:17 AM PDT by NormsRevenge
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To: Ernest_at_the_Beach
We are so skrewed! Ping
2 posted on 07/27/2003 9:23:56 AM PDT by NormsRevenge (Semper Fi ...&&&&&&&&&...SuPPort FRee Republic.....www.DRAFTTOM.com..... NEVER FORGET)
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To: NormsRevenge
The numbers mentioned in this article are stunning. I knew the tech losses were bad, but wow.
3 posted on 07/27/2003 9:27:49 AM PDT by hedgetrimmer
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To: NormsRevenge
Norm, I am truly sorry to hear of these severe problems. My suggestion for you is to move to FL:

FL’S JOB CREATION GROWS FOR 15th STRAIGHT MONTH
[Also, FL ranks in top 5 states for hi-tech jobs]

4 posted on 07/27/2003 9:29:24 AM PDT by summer
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To: NormsRevenge
And I just posted what I thought might be a thoughtful response to some of the problem. Poorly trained/educated IT personal.

The perfect IT Education? (IT/Nerd Alert)

On a personal note, no race ping today?

5 posted on 07/27/2003 9:33:49 AM PDT by BushCountry (To the last, I will grapple with Democrats. For hate's sake, I spit my last breath at Liberals.)
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To: NormsRevenge
at least from an employment perspective, tech is never coming back, the offshoring of jobs guarantees that. US tech companies will do OK, but they will be net dis-employers of americans.

what I do not understand is why the northern CA real estate market seems to be holding up, you would think there would be 30% across the board declines in housing prices, given that these prices were set during the bubble. It does not appear to have happened.
6 posted on 07/27/2003 9:33:57 AM PDT by oceanview
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To: summer
California is such a beautiful state, with so many natural resources. It is a shame that the socialists have managed to do such harm. It is a shame that citizens of this state don't take more pride in California's heritage and excise the radical collectivists from our government.
7 posted on 07/27/2003 9:35:45 AM PDT by hedgetrimmer
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To: BushCountry
I just pinged it out. ;-) They are starting a bit ealry today as showersmay be in area later ..
8 posted on 07/27/2003 9:35:54 AM PDT by NormsRevenge (Semper Fi ...&&&&&&&&&...SuPPort FRee Republic.....www.DRAFTTOM.com..... NEVER FORGET)
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To: oceanview; NormsRevenge
I wonder when the Real Estate bubble will burst also. Maybe when the techies run out of credit cards and the homes become reposessed?
9 posted on 07/27/2003 9:36:07 AM PDT by CARepubGal
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To: hedgetrimmer
It is a shame what is happening out there. Plus, CA has such a large economy; what happens out there really has an impact on the numbers for the entire country. I can not imagine taxes going up anymore out there, or spending going up any more, but gosh, that's the only way it ever seems to go there. Also, CA home prices are outrageous!!!!!!!
10 posted on 07/27/2003 9:37:54 AM PDT by summer
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To: NormsRevenge
We're Number #1 !!!

"When I was a kid, 'number one' wasn't anything you'd actually want to be..."
-Gallagher

I am in the East Bay. I got the axe in May. No bites since then. My house and my bike are up for sale. As soon as they sell, I'm gone. And my family has been in California for many generations.

11 posted on 07/27/2003 9:38:31 AM PDT by Riley
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To: summer
My job moved to Florida, I stayed here. If I got a divorce, it would open up a lot more opportunities for me. But, for now, Im sitting tight and trying to tread water with the rest of my unemployed FRiends.

Our elected officials across the board have done the American people no favors. Especially the demRats, the mutinous SOBs.

12 posted on 07/27/2003 9:39:30 AM PDT by NormsRevenge (Semper Fi ...&&&&&&&&&...SuPPort FRee Republic.....www.DRAFTTOM.com..... NEVER FORGET)
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To: NormsRevenge
My job moved to Florida, I stayed here.

Norm, you and your wife should reconsider following your job to FL. No state personal income tax, affordable homes going up in value each day, improved education, low unemploymnet, low property taxes, great weather, etc. There are many good reasons 700+ people permanently relocate to FL each day. And, the state is still beautiful in terms of its environment. Right now there is no other place I'd rather live.
13 posted on 07/27/2003 9:42:58 AM PDT by summer
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To: summer
My girlfriend bought a small 3 bedroom house on a huge lot in Naples area, very nice neighborhood for $55,000 about 4 years ago.
14 posted on 07/27/2003 9:45:44 AM PDT by riri
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To: summer
Going soon myself to South Carolina. Wife and I had enough. We are leaving Los Angeles in January. $300,000 for a 1,400 square foot house that we are renting is just silliness. The next door neighbors got $309,000 for a house just this size.

I like to work, but I don't like it so much, that I am going to pull 80 hour weeks in order to buy a house I will be too tired to enjoy. The California dream is over.

15 posted on 07/27/2003 9:50:01 AM PDT by dogbyte12
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To: dogbyte12
The Californians are coming here to Phoenix and building palatial mansion sized warehouse looking things with the revenue from their homes sold in California. I can't even imagine the cooling bill for some of these places.
16 posted on 07/27/2003 9:52:54 AM PDT by riri
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To: NormsRevenge
Whenever I visit SFO, I worry about going into (or even near) recently constructed buildings. It strikes me that the workforce there is so corrupted by drugs and other forms of vicious living that it's a wonder they can make bricks stand one atop the other.

Of course, there are other ways in which the California lifestyle ill-prepares people for the realities of the work world. A lean economy, for instance, requires few Gender-Studies majors.

17 posted on 07/27/2003 9:56:45 AM PDT by madprof98
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To: summer
My wife is close to the end of the road work-wise, but has been with her employer for too many years to leave now. Thanks for the offer. We may end up in Nevada if that state doesn't go nutso taxwise in the next 5 years. Florida is too humid for me and my cats don;t like gators. ;-)
18 posted on 07/27/2003 10:00:41 AM PDT by NormsRevenge (Semper Fi ...&&&&&&&&&...SuPPort FRee Republic.....www.DRAFTTOM.com..... NEVER FORGET)
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To: NormsRevenge
from June 2001 through June 2003, the Bay Area lost about 275,000 private-sector jobs

One thing missing from this article is the picture of a dejected ex-jobholder with a weeks growth of beard, shuffling in line at the Mission Soup Kitchen sobbing "It's all George Bush's fault!".

How on earth did that get left out!

19 posted on 07/27/2003 10:06:22 AM PDT by Gritty
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To: Gritty
One thing missing from this article is the picture of a dejected ex-jobholder with a weeks growth of beard, shuffling in line at the Mission Soup Kitchen sobbing "It's all George Bush's fault!".

I had someone call on an item that I have for sale. He went on about how awful Bush is, then he hits me up for a deep discount on the price. He could have been curteous and professional and just done business with me, but nooooo...

20 posted on 07/27/2003 10:10:26 AM PDT by Riley
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To: NormsRevenge; *calgov2002; PeoplesRep_of_LA; Canticle_of_Deborah; snopercod; Grampa Dave; ...
calgov2002:

calgov2002: for old calgov2002 articles. 

calgov2002: for new calgov2002 articles. 

Other Bump Lists at: Free Republic Bump List Register



21 posted on 07/27/2003 10:27:29 AM PDT by Ernest_at_the_Beach (Recall The Governer and then recall the rest of the Demon Rats!!!)
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To: riri
The real questionis this: Will the relocated people of California bring their politics with them? Will they turn Nevada into a clone of California in terms of rules, regulations and socialism? The residents of that state contributed to the problems there, and their solution is to move to a different state. Will they foul their new nest, too?
22 posted on 07/27/2003 11:00:24 AM PDT by doc30
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To: Gritty; All
http://www.metroactive.com/papers/metro/11.11.99/index.html

Siliporn Valley...that article appeared in November 1999.

Turns out, when Chavez in OPEC raised the price of gas in January 2000, Porn consumers canceled many of their Credit Card Porn Accounts so they could continue to "Pay at the Pump".

Suddenly, you didn't need all the Routers (think Cisco), or Web Hosting (think Exodus)...

On eBay, Cisco iron still goes begging!!

No, so called "Hi Tech" isn't coming back.

Read the Article...it is like entering a Time Capsule of the whole 1994-1999 era.

On January 14, 2000 the Dow maxed out, on March 10,2000 the NASDAQ and S&P 500 did the same. Despite the Politicos boasting at the Demo Convention about "best Economy in 50 Years", the "Pre 1980 Penney Indicator" was flashing that Mega Troubles lay ahead!!

23 posted on 07/27/2003 11:08:31 AM PDT by Lael (Well, I Guess he DIDN'T go wobbly in the legs!! Now, "W", lets do the REST of the AXIS of EVIL!!)
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To: NormsRevenge
Well, I'm sure those tripled DMV fees will sole evvvvvvvverything!

My nephew up here in WA just bought a nice old 2 story house on 4 acres of land for $37,000.
He just retired from the Boeing rat race.
Of course he's out in the boonies and will get more than enough rain,
but not dealing with noise and traffic will surely help cancel that out!

24 posted on 07/27/2003 11:15:34 AM PDT by rockfish59
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To: Tauzero; Starwind; AntiGuv; arete; David; Soren; Fractal Trader; Libertarianize the GOP; ...
FYI
25 posted on 07/27/2003 11:20:30 AM PDT by sourcery (The Evil Party thinks their opponents are stupid. The Stupid Party thinks their opponents are evil.)
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To: Ernest_at_the_Beach
Every thread has to have one.

I'm staying here and weathering out the storm :-)

26 posted on 07/27/2003 12:00:01 PM PDT by Canticle_of_Deborah
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To: rockfish59
Now that sounds good!
27 posted on 07/27/2003 12:03:22 PM PDT by Ernest_at_the_Beach (Recall The Governer and then recall the rest of the Demon Rats!!!)
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To: Canticle_of_Deborah
I'm staying too. :-)
28 posted on 07/27/2003 1:38:43 PM PDT by Bradís Gramma (fREE rEPUBLIC iS nOT aDDICTIVE, fREE rEPUBLIC iS nOT aDDICTIVE, fREE rEPUBLIC iS nOT aDDICTIVE, fREE)
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To: Brad's Gramma
Woo hoo! We need a ping list for us rugged survivalist types ;-)
29 posted on 07/27/2003 3:13:29 PM PDT by Canticle_of_Deborah
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To: NormsRevenge
I think that now that the money spigot is closed for high tech and now that there is foreign competition in the computer software field, the San Francisco will not recover to the level before the boom. Companies will be forced to go where costs are lower.

30 posted on 07/27/2003 3:31:57 PM PDT by Dat
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To: CARepubGal
I wonder when the Real Estate bubble will burst also. Maybe when the techies run out of credit cards and the homes become reposessed?

I was in the Florida Cape Kennedy area when aerospace collapsed..., gave away $15K of equity to have an investor assume my mortgage. Later I was fortunate (sic) to be in the Seattle, Washington area when Boeing TANKED! Same story but, less equity lost (mortgage firm just "took it back"). Bottomline..., Real Estate CAN GO DOWN!

I was fortunate enough to relocate enough times (13!) to catch "The Wave" a few times (most importantly..., my last sale before retiring.

When anyone repeats Will Rogers' famous line... "Buy Land Son, They Ain't Making Anymore Of It", remember, that is good advise...., but only IN THE LONG RUN and, remember, IN THE LONG RUN..., WE ARE ALL DEAD!

31 posted on 07/27/2003 3:45:06 PM PDT by ExSES
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To: NormsRevenge
To find the bottom of America's economic barrel, you don't have to go very far.

When talking about the Bay area, to find the bottom of America's elitist socialist barrel, you don't have to go very far either.

32 posted on 07/27/2003 3:53:53 PM PDT by kstewskis (God Bless the Kalifornia survivalist....)
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To: NormsRevenge
My wife is close to the end of the road work-wise, but has been with her employer for too many years to leave now. Thanks for the offer. We may end up in Nevada if that state doesn't go nutso taxwise in the next 5 years. Florida is too humid for me and my cats don;t like gators. ;-)

Florida and Nevada would be my choices too. I'm stuck here in Sunnyvale for the duration or bust - whichever comes first. I can't afford to leave right now but I would if I could. My business is struggling month to month and I have a ton of personal and busines debt that is killing me. I lack the $ to try new markets and/or do new product development. No bank or serious investor would touch me right now. I no longer have any employees - I let all of them go and they have moved on to other states(some after losing everything).

Things are pretty bleak for a small tech business that used to provide products and services to bigger tech businesses (that are no longer there). We (I) have been stiffed on payment for goods delivered 6 times so far this year by companies shutting the door. This deleted all of the cash reserve and created mortgage level debt in about 6 months. I've about had it with the 7-day/ 14 to 16 hour day work week with nothing but more debt as payback. End of venting / whining..back to work.

33 posted on 07/27/2003 4:15:46 PM PDT by Sunnyvale CA Eng.
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To: Ernest_at_the_Beach
Sole= Solve!

Yep, quite a deal I'd say. The old house is awesome and you can't see any prying neighbors!
Was there about 3 hours and maybe 5 cars went by on the road.
But I don't think I could hack 140" of rain per year.

34 posted on 07/27/2003 6:41:56 PM PDT by rockfish59
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To: rockfish59
I need to see sunshine!
35 posted on 07/27/2003 7:24:04 PM PDT by Ernest_at_the_Beach (Recall The Governer and then recall the rest of the Demon Rats!!!)
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To: Ernest_at_the_Beach
Summer is beautiful! Short, but beautiful!
36 posted on 07/27/2003 7:29:20 PM PDT by rockfish59
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To: Canticle_of_Deborah
Pssst! Don't any of you survivalist types leak that most of the people who left the Bay Area when jobs dried up were FROM somewhere else looking for easy money through stock options and the like.

Sure, some long timers got caught in the mess ... but most of us who have been here for decades have to admit that it was fun while it lasted. The Dot.Com bubble was a house of cards that brought mega spending into the area. Now we are just back to normal. That is also why housing is still high. Despite the tech industry and long before the tech industry its been a desirable place to live.

Bottom line though, don't count out the tech guys..... it ain't over yet and the comeback is a stronger, smarter, more solid industry.

One thing that is always for sure is progress. Nothing ever stands still. The Bay Area was falsely inflated for a short time as was the entire stock market. But the Bay Area is primo land and that won't change because there is no new land .... what you see is all we have. Even after large earthquakes, the area values drop only temporarily.

Frankly, I don't get it ... but the place always survives and comes back shining. I've watched it through these cycles my entire life. Those who weren't imported in for the bucks are still here. And life is good. Keep your eye on the Naz if you don't believe it.
37 posted on 07/27/2003 8:03:17 PM PDT by MizGayl (MizGayl of Menlo Park, San Carlos and Granite Bay)
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