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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 agree. I just want to add that the trend's been here for a while, it's just now hitting a larger mass of people and multiple industries. Manufacturing (textiles) has been moving overseas for over a decade. NAFTA helped speed this up with Mexico. Now that mass amounts of our industrial work is done overseas it's moving into more diverse fields, like telephone support and software development. The more expensive we make it to do business here, and the more we lock employers into taking care of employees for their lifetime (unions), the more companies will look overseas.
Developers: We can use your help.
http://www.h1b.info
Michael Loves Me!
- There was a senator or rep who was a staunch Democrat who, when he retired, tried to start a small business (a hotel I think). His business floundered because of many of the extremely harsh policies that he himself had pushed.
Yeah, a story like that has to be true. No one every makes come-uppance tales about people of different opinions to show them suffering from their misguided ways.In this case, the story is true.
Dude, you need to move out of brooklyn. Or the valley. Or wherever it is you're living that costs are that high. And stop looking at BMWs.
A nice, new Honda Accord is less than 1/4 the national average household income. A house in a less inflated real-estate market should work well for you also. $120K for 4 bedrooms here in Indiana, and interest rates are rock-bottom.
For the record, the average household income in 2002 for the whole US was $58K. Your numbers for the value of stuff in the 70s are still true today. 1/3 of $58K is a little over $19K. Plenty for a new car. Houses start at only a little more than 1x that here! Lots of small houses in the $85-$90K range. Huge houses (by valley/nyc standards) are available for $150K.
Actually thats wrong, the US is uncompetitive in steel because our steel mills use much older technology and they produce types of steel whose demand has fallen. Also, the european steel industry was distroyed by WWII and rebuilt just when new technologies came online. US steel companies lagged behind the trend, and most of these older american steel companies have been uncompetitive for that very reason. If you want to get on the EU about subsidies then lets talk about farming, which is what the EU subsidizes most heavily. They have the highest farm subsidies in the world, which has the effect of driving down the price for everyone else. The US recently increased their farm disaster aid but is still not as high as the EU, but they are getting close to Canadian levels now.
----- Question authority, but not ours. Hate the man, but we're not him.
I'm really amazed at the number of people on all sides of the political spectrum who can't figure out what's going on around them. Foriegn outsourcing is not about corporate survival except in companies with a historic record of mismanagement. Let's say you're making millions of units of almost any mass market item a year. The difference between the cost of doing R&D here and in India spread over X-million units is fairly trivial. A recent article quotes a CEO as saying that he expects a problem with Indian competition 10 years from now, but this is saving him money now... what's implied is that 10 years from now will be someone else's problem.
This is about notching up earnings in a down economy so CEOs can make the profit targets which will enable their next batch of stock options. It's the same sort of thing that has produced Enron-style shell games to inflate reported profits.
Like just about everything else that's been going on in the last few years at the large corporate level, it's about short-term maximation of profits. Not for the stockholders, for the CEOs themselves. The stockholders aren't going to know when to dump their stock to get maximum value for it. The CEOs don't have the slightest interest in their employeess, the health of the nation or the communities in which they're doing business, profit for the stockholders or building good companies anymore. "The commons" is just something to privatise a chunk of and strip-mine that chunk until it's worthless.
This is hardly surprising. When one's main form of compensation is based on meeting quarterly profit or stock price targets, one doesn't want to invest in long-term R&D or employees or anything that might conceivably interfere with making the next batch of stock options kick in. Doing anything interesting and creative that doesn't show an immediate return is the sort of thing that makes investment analysts who generally don't understand what the companies that they advise about do real unhappy. Make them unhappy and the stock price drops. The stock one previously got in compensation drops in value... along with the CEO's personal net worth.
Why hasn't private industry built a space infrastructure capable of supporting things like a powersat network supplying enough energy to make Middle East oil permanently obsolete? In general, the present corporate business model can't support major projects that would take 10 years to provide a return on investment. A typical Fortune 500 CEO isn't going to start a project that's going to do nothing for him but make a successor look real good.
The funniest part about this is that the CEOs doing this appear to be under the impression that India is just another bunch of burbs whose residents talk funny, have an interesting ethnic cuisine and work real cheap.
[Note 1] They are normally on the edge of nuclear war with their Muslim neighbor, Pakistan, mainly over religious hostility. The dominant religious grouping (Hindus) is calling for the expulsion of Muslims. Poor Muslims are being physically pushed into Bangladesh.
Message: 10
Date: Fri, 14 Mar 2003 11:08:10 -0500 (EST)
From: "IntellNet"
Subject: News Flash: Ten killed as bomb rips rail coach in Bombay
Ten people were killed and 75 hurt yesterday when a bomb blew up on a train packed with homebound commuters in Bombay, the deadliest in a spate of blasts in India's financial capital in recent months.
Note 1 - to read this kind of happy fun news yourself, subscribe to OSINT-L, the Open Sources Intelligence mailing list.
What I describe is business as usual.
Third World generally translates as "powder keg".
However, the CEOs who are doing this know that if they lose their bet and one of their call centers disappears in a conve
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