But for the jobs lost, new ones have been created due to these new plants.
The Western world has only recently started seeing the effects of globalisation-China has been witnessing it for over 20 years & India for over 10.
China and recently India has been on the receiving end of the jobs flow. Its great to be on the receiving end. A lot of those jobs don't come back, and new equal ones are not created fast enough- that is the ground reality.
retrenched staff of the Centaur hotel in Mumbai,which was privatized by the Government of India over an year ago.
Not the same as outsourcing to a foreign country.
The Western world has only recently started seeing the effects of globalization.
Actually, manufacturing jobs started disappearing a while back.
I am not against free trade e.t.c. as long as its not a one sided affair. However, when people here voice their frustrations here, I resent patronizing lecturing that comes from overseas at those "stupid" Americans to learn to live with it.
If this kind of sudden jobs drain happened in India (even S. India where you live), there will be strikes, sit-ins, hunger strikes, burned vehicles on the road e.t.c. Considering that, Americans adjust rather well to the jobs market.
Anyway, don't mind my heated demeanor on this subject. I am a little touchy when told to live with it, though I don't expect any sympathy either.
Hmm,I was not showing sympathy either!!Many of the Public sector undertakings(including the Centaur hotel i happened to mention) was taken over by consortiums of which multinationals were shareholders.Your right,new jobs were created -but for every 5 new jobs created,10 others were booted out.The fact of the matter is the tyre burning & strike phase is coming to a gradual end in India with most states having passed legislation to control it.The next on the line for privatisation/disinvestment will be the 2 national airlines & the postal service. & Living in India & reading a lot of English and regional language papers,I can say most people see that as necessary.A privileged bunch will get jobs,others will lose it.If Im not mistaken,Indian IT majors like Wipro & TCS have opened American operations in the US which employees Americans-jobs being created there too(which ofcourse won't compensate for those lost).