EconoMeter panel looks at implications of the cutbacks
Q: Do job cuts at Qualcomm signal a tougher time for high-tech workers in the near future?
Bob’s Answer: NO
Top quality high-tech workers will continue to be in high demand, even if their specific areas of expertise need to be retooled for another company’s specific needs. Jobs that require a science, technology, engineering or math-related degree are crucial for the future of the U.S. economy and will continue to be a significant part of the local economy. While wages may be impacted in the near-term, long-term prospects for these highly specialized workers are bright.