January 12, 2009 | News

An anonymous reader on Slashdot posed an interesting question: In light of the coming recession, how hard will it be for someone graduating this year to get a job?

The collective wisdom of the respondants: You’re more likely to get a job if you already have a job. That doesn’t really help if you don’t have a job does it?  Well, actually, the answer is you’re already supposed to have something to keep you busy even if it isn’t paying: an internship, open source project volunteer, etc.  Once you’ve reached that level, go for the paying job you want.

If you have experience, no one will ask about your grades.

There was a good comment about whether it’s better to work your way up from a low-paying job, or to hold out for a high-paying job. Studies at Harvard and Standford say that:

If you “take whatever you can get” now, you will artificially hurt your earnings potential because generally you will only ever get a cost of living raise and 3-5% of 40k for 20 years puts you way way behind 3-5% of 60 or 70k over 20 years. And unless you can change your career, you won’t get a big bump in salary when the economy improves. Even if the economy gets a lot better, they aren’t going to suddenly give you a 20 or 30% raise for the same or similar job you’ve been doing for much less.

So that suggests it would be better to keep in school for a few years and get a master’s degree rather to settle for whatever you can get in this market.

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One Response to “How Will the Recession Affect IT Jobs?”

1. Carl says:

   June 29, 2010 at 2:00 pm

   I think for some it will suffer but the internet is a booming business.
   Carl´s last blog ..How To Make A Resume