After having worked in the temporary employment industry since the early 80s, Saeed Sehizadeh set up his own temp agency in 1989. His timing was very good, because the shakeup in the S and L industry resulted in a big demand for temp workers in financial institutions. Mr. Sehizadeh\’s Los Angeles based agency became very successful and by 1995, after the crisis passed, he was well-established in the industry and his job placement services were in demand by large Savings and Loan institutions looking for temps to handle their growing home loan accounts. It was during this phase of his career that Saeed discovered the curse of the internet.

In 2000, Saeed found a job for a young man at Countrywide Financial, his primary client at the time. His job, which was to do repetitive amortization data calculations, was well beneath this young man\’s capabilities, his greatest interest being the internet and related technologies. He needed the work, though, and became one of a team of six doing the same job at a Countrywide branch office.

Mr. Sehizadeh and the young man shared a mutual interest in mathematics and remained in contact throughout his term of employment. This young computer whiz, bored with doing repetitive calculations, worked out an algorithm that he used online to make his calculations. As a result, he was able to complete in minutes the same complex calculations it took his team mates up to half an hour to work out.

His algorithm resulted in job losses for all of his co-workers at Countrywide Financial. When Mr. Sehizadeh learned this, he clearly saw that this was a trend that was going to accelerate at an alarming pace. With a severely depleted need for temp workers, he knew his employment agency was at risk, so he started studying for his Bar exams.

Saeed became a lawyer in 2001, but instead of just practicing law, he started a web based business for his fellow attorneys. Always forward thinking, he also correctly predicted the financial meltdown subprime loans and the shrinking job market were going to create.

By March of 2009, all of Mr. Sehizadeh\’s predictions had come to pass, but in its rush to solve the financial crisis using the methods of the past, none of the experts were tackling the issues of the present. They simply failed to see that the internet was largely to blame for the \”jobless recovery.\” Because they didn\’t see it, nothing was being done.

Realizing that his experience had given him unique insight, Mr. Sehizadeh decided it was time to sound the alarm. He put together a team of researchers and writers and began work on The Curse of the Internet. Each writer tackled a different sector of the economy, doing exhaustive research to uncover the facts. When all the data was collected, he invited one of his writers, Rob Schneider to collaborate with him on a book. The result of their efforts is The Curse of the Internet. If you are one of the millions who are facing uncertain futures do to the collapse of the job market, read the book. It offers facts and solutions you can find nowhere else.

Author Bio: Rob Schneider is co-author of The Curse of the Internet. You can see more of Rob\’s work at his website, Writing Resources.

Category: Politics
Keywords: politics,economics,jobless recovery,global recession,recession