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    when the downturn comes there will be even more IT folk competing for fewer jobs.

    8. The boom economy starts to turn down.

    9. The Government, who are always behind the cycle, starts opening the floodgates to tens of thousands of cut-price IT workers from the developing world whilst saying that th

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    What lies in store for the IT Contractor? I have seen the whole lifecycle at least three times, so let me tell you what to expect. To be forewarned is to be forearmed, so you might want to remember where you are in the cycle and what lies ahead.

    We might as well start when the economy is in boom conditions.

    1. IT Contractors are at premium as companies grab as many as they can get.

    2. IT Contractor rates rise rapidly.

    3. IT Contractors think their time has come and that the gravy train will go on forever. They think that just a few years of this and their pile will be made and they can then get out and live the high life. To bring this date sooner they also invest their excess money in the booming stock market.

    4. A ton of permanent IT workers who would never have risked becoming a contractor before feel that the risk has been diminished and become contractors.

    5. This means that there are heaps more permanent positions which will be filled temporarily by contractors.

    6. Employers and the consultancies start to lobby the Government about a skills shortage.

    7. Loads of students going to college take IT related classes to take advantage of the new boom. This means that when the downturn comes there will be even more IT folk competing for fewer jobs.

    8. The boom economy starts to turn down.

    9. The Government, who are always behind the cycle, starts opening the floodgates to tens of thousands of cut-price IT workers from the developing world whilst saying that th

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    ions.

    1. IT Contractors are at premium as companies grab as many as they can get.

    2. IT Contractor rates rise rapidly.

    3. IT Contractors think their time has come and that the gravy train will go on forever. They think that just a few years of this and their pile will be made and they can then get out and live the high life. To bring this date sooner they also invest their excess money in the booming stock market.

    4. A ton of permanent IT workers who would never have risked becoming a contractor before feel that the risk has been diminished and become contractors.

    5. This means that there are heaps more permanent positions which will be filled temporarily by contractors.

    6. Employers and the consultancies start to lobby the Government about a skills shortage.

    7. Loads of students going to college take IT related classes to take advantage of the new boom. This means that when the downturn comes there will be even more IT folk competing for fewer jobs.

    8. The boom economy starts to turn down.

    9. The Government, who are always behind the cycle, starts opening the floodgates to tens of thousands of cut-price IT workers from the developing world whilst saying that th

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    hen get out and live the high life. To bring this date sooner they also invest their excess money in the booming stock market.

    4. A ton of permanent IT workers who would never have risked becoming a contractor before feel that the risk has been diminished and become contractors.

    5. This means that there are heaps more permanent positions which will be filled temporarily by contractors.

    6. Employers and the consultancies start to lobby the Government about a skills shortage.

    7. Loads of students going to college take IT related classes to take advantage of the new boom. This means that when the downturn comes there will be even more IT folk competing for fewer jobs.

    8. The boom economy starts to turn down.

    9. The Government, who are always behind the cycle, starts opening the floodgates to tens of thousands of cut-price IT workers from the developing world whilst saying that th

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    t there are heaps more permanent positions which will be filled temporarily by contractors.

    6. Employers and the consultancies start to lobby the Government about a skills shortage.

    7. Loads of students going to college take IT related classes to take advantage of the new boom. This means that when the downturn comes there will be even more IT folk competing for fewer jobs.

    8. The boom economy starts to turn down.

    9. The Government, who are always behind the cycle, starts opening the floodgates to tens of thousands of cut-price IT workers from the developing world whilst saying that th

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    when the downturn comes there will be even more IT folk competing for fewer jobs.

    8. The boom economy starts to turn down.

    9. The Government, who are always behind the cycle, starts opening the floodgates to tens of thousands of cut-price IT workers from the developing world whilst saying that they are not replacing IT workers and that they are not undercutting those IT workers.

    10. As company profits suddenly start to dip, V.P. s of Operations are told to find ways of cutting costs so that profits can be protected.

    11. Great swathes of IT Contractors get cut from the books of companies across the country.

    12. IT Contractor rates start falling. Some companies issue take-it-or-leave it 10 percent cuts across the board to all their contractors--even those with perfectly valid contracts with plenty of time to run. Some companies even go back for a second bite of the cherry.

    13. In the second wave, companies start laying off their permanent IT workers to cut costs.

    14. Many companies decide that the way forward, to cut costs, is to outsource their entire IT department, many of them sending IT jobs offshore never to return.

    15. Not only have tens of thousands of IT Contractors lost their jobs but they see the Stock Market, where they'd invested their hard earned contracting cash, sinking, meaning that they have lost not only their income stream but much of what they have invested for a rainy day and for the future.

    16. Many IT Contractors, who have spent their remaining c

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