The IT Full Employment Act
Whether you believe in regulations or not, there's no doubt that the Sarbanes Oxley Act, the Health Insurance Portability and Accountability Act and other rules have increased the need for companies to employ additional IT professionals to automate compliance with these regulation.
Now, with the sub-prime mortgage crisis, tumult on Wall Street as embodied by the collapse of the brokerage Bear Steans and alarm about the safety of food, drugs and toys, Capitol Hill is mulling new regulations. And, it's a safe bet that we'll soon see more regulation if either Hillary Clinton or Barack Obama becomes the 44th president and Democrats increase their control of Congress after this fall's election.
Despite the consternation of business executives and managers about additional regulations, from an employment perspective, new rules will create more jobs for IT pros. This might weaken corporate coffers, but strengthen business-technologists' bank accounts.
