Technology Industry
Industry: Email Alert RSS FeedSouthern California: feeling the pinch of DOD budget cuts, Southern California suddenly doesn't seem so sunny. (includes related article on Southern California's air-pollution problem)
EDN, February, 1989 by Colborn, Kate
Southern California The coming year may be the time for reality to intrude on Southern California. The state that has been the symbol of bright promise for nearly four generations of Americans--and which has led the US in both productivity and population since 1982--is faced with inescapable signs of an economic slowdown.
Within southern California's electronics industry, dominated by defense contractors but also sprinkled with computer companies and semiconductor houses, the news on the hiring front seems the same: Many companies contacted for this article are doing one of two things--holding the line on professional employment or actively reducing their staffs. Playing catch up Leading economists at several Californian banks and universities...
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