Lizzie,
Run it by me one more time about Codpiece saying we will have to retrain people so they can fit into the US economy and job market when we have the following...So engineering job and technology jobs aren't good enough for US citizens. And guess who will become millionaires while workers will be in the food lines....corporate CEO's who give millions to elect Shrub and Gang....Go figure!!
Tue Dec 23, 5:32 PM ET A
By David Zielenziger
NEW YORK (Reuters) - U.S. corporations are picking up the pace in shifting well-paid technology jobs to India, China and other low-cost centers, but they are keeping quiet for fear of a backlash, industry professionals said.
Morgan Stanley estimates the number of U.S. jobs outsourced to India will double to about 150,000 in the next three years. Analysts predict as many as two million U.S. white-collar jobs such as programmers, software engineers and applications designers will shift to low cost centers by 2014.
But the biggest companies looking to "offshoring" to cut costs, such as Microsoft Corp. (NasdaqNM:MSFT - news), International Business Machines Corp. (NYSE:IBM - news) and AT&T Wireless (NYSE:AWE - news), are reluctant to attract attention for political reasons, observers said this week.
"The problem is that companies aren't sure if it's politically correct to talk about it," said Jack Trout, a principal of Trout & Partners, a marketing and strategy firm. "Nobody has come up with a way to spin it in a positive way."
This causes a problem for publicly traded companies, which would ordinarily brag about cost savings to investors. Instead, they send vague signals that they are opening up operations in India and China, but often decline to elaborate.
Moreover, on the threshold of a U.S. presidential election year, job losses are a hot button issue. A company that highlighted a major job transfer could wind up in |
