posted on Feb, 6 2003 @ 02:47 PM
I can speak for th markets I cover: let's say you have a guy who's 52 yrs old, Bachelors degree, 25 years experience as a mainframe programmer for
Morgan Stanley, got laid off 11/01. In his case - too old to be hired for the junior slots ( they feel he'd bristle under the young management), too
static in his technical background ( though to be in IT, you learn constantly and can pick up any other language/technique as long as you got the
logic behind you) too expensive ( he'd jump at any job that they'd give him, even entry level, as long as he can get the practical experience). This
is a guy I know that 'gave up' till some type of recovery occurs. Wife works, so their mortgage gets paid and kids get fed, but it's not pretty.