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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.
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.