U.S. Jobs Jumping Ship
An anonymous reader writes "As painful as February's big job cuts were, they're even more painful since many of those jobs are never coming back as U.S. employers in a wide range of industries move more and more jobs overseas. CNN has the story." Salon has a good piece detailing how job requirements are changing, asking more and more for less and less pay.
I asked a reasonably senior guy at Intel if they were hiring. His reply: "Sure we are hiring ... in China and India."
Let's face it. Times are tough. Budgets and earnings aren't what it used to be. We need to find ways to save money and tigthen our belts.
In short, we've got to outsource upper management to off-shore countries.
There are plenty of well trained and highly educated people in foreign countries that can do excellent upper-management work: CEOs, CFOs, vice presidents... and they'll do them for pennies on the dollar of the exhorbatent prices we pay for CEOs now. 40 million dollar golden parachute? No more!