October 02, 2006
Hardware versus software outlook
There are two components to the tech sector: the production of the actual tech equipment, called hardware, and the writing of programs to run the equipment, termed software. The employment outlook for these sectors differ, according to N.C. State University economist Mike Walden.
"Most economists think the hardware outlook is less secure. And the reason has to do with foreign competitors," says Dr. Walden. "We are at the stage in hardware production where things have been standardized, and factories that are overseas using low cost labor can easily produce those components.
"On the other hand, software seems to be a little more secure, especially in terms of higher level or cutting edge software.
"And you can see the differences in terms of the employment trends in North Carolina," he adds. "Hardware employment is really stuck right now -- in fact it is off where it was about 5 years ago -- whereas employment in computer software has been going up."
Posted by deeshore at October 2, 2006 12:17 PM