I recently found a thread in BackupBrain in which the original poster, who was unemployed for seven years at the time, recommends that young people pick some other career besides software. The OP also happens to be the author of several programming books. Scary ... I think she is still out of work.

Anyway, reading about the latest move by Google to open up an R&D center in Europe and boost hiring from the EMEA nations, I have an idea which way the wind is blowing. I think investors have gotten the message also, as there are several investment analysts on CNBC who are recommending that people buy stocks in either multinationals or companies based in China. As an example, Baidu's stock rose over 12% to $320/share yesterday (and it's still rising in after-hours trading).