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Article: Prosperity in '91 doesn't compute for L.A. high-tech manufacturers and wholesalers. (Los Angeles, California) (Economic Forecast 1991)
- Article from:
- Los Angeles Business Journal
- Article date:
- January 7, 1991
- Author:
CopyrightCOPYRIGHT 1991 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Prosperity in '91 doesn't compute for L.A. high-tech manufacturers and wholesalers
But demand for software is expected to be a bright spot
Computer manufacturers and wholesalers in Los Angeles will likely be buffeted by recessionary downdrafts in 1991, similar to most industries locally and nationally.
The hardest hits could come in manufacturing employment.
The most positive news may occur on the demand side.
That spells layoffs, resulting in fewer workers being asked to do more work by year's end.
"They're probably not going to replace those people when we get out of the recession; they'll find ways to get along ...