full on outsourcing of US IT jobs to India. Corp tax incentivised hiring
non-us personnel. I knew a couple of guys who lost jobs and life, couldn’t recover.
The outsourcing of tech jobs was just the beginning; at this point we’re openly trafficking Asians here as our replacement middle class not only in tech, but the financial sector as well. When Occupy Wall Street was initially protesting outside the offices of their former employers on Wall Street, you could easily see their foreign replacements filing into the office buildings behind them on the news.
Companies are replacing their workforces wholesale, and more and more Americans are unable to find any meaningful work. Just as Bill Gates bemoaned the fact that young Americans weren’t getting into tech anymore (conveniently ignoring his own hand in that, with Asian replacement workers), now colleges are finding themselves with fewer American students because no work/field is immune from those forces. Why spend the time and money when companies have no interest in hiring you?