[dljordan]

"There aren't seas of unemployed geniuses lying around waiting for IBM to call."

You are wrong. IBM is laying off experienced, older workers and either outsourcing their jobs or replacing them with H1B workers that they import by the bus load. I've seen it happen time and time again.

[JasonC]

Are those IBM has laid off laying around waiting for IBM to call? No, they have new jobs. Know how I can tell? Unemployment is at record lows and wages are at record highs. Churn is normal, it is how efficiency happens, which is where growth and jobs come from in the first place. Trying to fight efficiency as supposedly against the interests of featherbedders is and always has been economic stupidity.