Check this steaming load out.
Notice that we now have poor job growth - which may well make President Bush's election more problematic - and at the same time we see increased pressure on companies to send more American jobs offshore.
And it isn't just factory workers:
It cites General Electric Co, Motorola Inc, Alcatel and Diemens AG as examples of companies that have set up research and development centres in both India and China "to leverage the substantial pools of engineering talent that are based in the two countries."
Indeed, the report undercuts the view that research and development jobs in Western countries will increase even as low-skill jobs migrate to nations like India and China.
Those who think they are exempt from this should think again - this will lower the entire U.S. wage structure and will ultimately devastate everyone as we sink to China's wage level.
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