Telecommunications is the high tech sector in society.
Conventional wisdom has it that the high tech sector will be the major source of jobs in the future. But anyone who has been following developments over the past several years knows that employment prospects are not good in this business. Thanks to the combined impact of tech change, deregulation and competition, telephone companies have been simultaneously shedded employees and improved their financial results. Over the same period, the work force was downsized by more than 1,000 jobs. Nevertheless, Bell is on target with its goal of eliminating 10,000 jobs by the end of 1997.