Sunday, July 26, 2009

Seeking comeback, Silicon Valley workers offer to work for no pay

The Sacramento Bee reports:
In the Silicon Valley region, unemployment tops 11 percent and investment capital has all but dried up. Here, unemployed tech professionals are showing up in droves at Bay Area mixers – and signing on en masse on career networking sites – to volunteer labor and expertise in exchange for equity shares in Silicon Valley startups that have no money to pay them.
We are sure the organized labor movement isn't happy with this one.