[just_living]

Good for business owners. If Americans have priced themselves out of the market, they deserve to be punished by the market. We need to get better or different skills that blow away our competition, or lower our prices. I am all for the market deciding what is right. And in this case our overfeed programmers are going to have to figure out how to make themselves attractive to our top corporations once again.

[CedarDave]

One out of 10 jobs in the U.S. computer services and software industry could shift to lower-cost emerging markets...

I wish it was the trial lawyers that were subjected to "offshore outsourcing".

[Zathras]

Follow the money!
The same people who conned people into the .com are now doing start-ups to outsource jobs to India.

This time, they are going directly to companies to finance their operations instead of VC's.

[RaceBannon]

http://www.freerepublic.com/focus/news/954156/posts?page=342

[Beck_isright]

Ping...

[Beck_isright]

So why should we worry about tech jobs? We didn't worry when automotive, farming, construction, accounting, electronic, textile, shoe, etc. went overseas. So what's a permanent 12% unemployment rate? We can all open more McDonald's. Hell, these poor suckers just have to remember the key phrase of success in today's job environment:

WOULD YOU LIKE TO SUPERSIZE THAT ORDER?

[snooker]

ALERT ALERT ...

please apply Reuters filters before reading this story.

[DuncanWaring]

On the bright side, everyone who loses their job to an Indian or a Chinese slave laborer will be happy happy happy in a couple of years.

[DuncanWaring]

Ping

[JimboUSofA]

Screw the rest of the world. Companies should be told that if they want access to the American market they need to employ American workers.

Globalism is treason.

[sten]

Gartner Inc., the world's biggest high-tech forecasting firm, said in a report entitled "U.S. Offshore Outsourcing: Structural Changes, Big Impact" that 500,000 of the 10.3 million U.S. technology jobs could move just in 2003 and 2004.

ok, 2 things... first, in 2000 the number of IT jobs in the US was 6 million. The 10 million number is designed to lessen the overall stat.

secondly, as reported by lou dobbs of cnn, 2.5 million jobs have already been outsource since 2000. currently, 350,000 L-1 visas holders and just under 1 million H-1B visas are in the US taking American jobs. That's just under 4 million jobs given to foreigners instead of Americans.

then there is that fact that there are 100 million taxpayers in the US. Keep in mind, not all these taxpayers are working, some pay taxes off investments. Assumming 10% of the taxpayers are non-working, that leaves 90 million workers. Even if there are 10 million IT jobs, that would still be over 11% of the workforce being undermined. that is a considerable chunk of the working populace.

next time your local retail store goes out of business, thank NAFTA, GATT, WTO, L-1 visas and H-1B visas for reducing the descresinary spending they were living off.

also, please note your new house (that you stretched to get since rates were so cheap) will crush you, even if you are not in the tech sector (assuming you live in a tech heavy area). in those areas, the housing market has had a major surge in the last 3 years, as investors moved their money from the markets into realestate. with the dropping salaries or discontinued jobs, mortgage foreclosures are at an all time high. once the tipping point is reached, do you want to be in your $600k mortgage as the houses around you drop back to pre-2000 prices (sub $250k)? Wouldn't that be lovely. Even if you sold your house for $300k, 20% over market, you'd still have to pay of another $200-300k on the mortgage... friendly.

at that point, expect to see record numbers of bankruptcies and foreclosures as well as many foreign owned banks buying up those mortgages at cheap numbers.

[hedgetrimmer]

Doesn't "jobless recovery" seem like an oxymoron?

[waterstraat]

I dont understand how this is making america better?

[FR_addict]

Bump.