Business Services Industry
Job Loss High in Electronics Sector. (Originated from San Jose Mercury News, Calif.)
Knight Ridder/Tribune Business News, April, 1994 by Levander, Michelle
SAN JOSE, Calif.--Apr. 20--All Western states have suffered declines in electronics jobs during this recession, but a new analysis of job data shows that California is bleeding electronics jobs at a rate 10 times higher than nine of its neighbors.
The job losses in computers, electronic equipment and instruments have occurred against a backdrop of stunning gains in revenues and profits for Silicon Valley electronics firms. The statistics, some economists believe, suggest a future in which productivity increases limit job creation in electronics. And the manufacturing jobs that are created will go to other states or abroad.
"When electronics does fabulously, we'll be doing OK," said Richard Carlson, chairman of Spectrum Economics in Palo Alto. "When...
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