The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Wyätt Gwyön who wrote (16529)	2/2/2004 3:50:53 PM
From: Lizzie Tudor	Read Replies (3) of 306849

all the big companies have cut engineering staff in the US by around 30-40% in silicon valley and hired up in india. Applied Materials for example has higher employee count than ever but their US workforce is 50% of peak and declining. It is tough to get accurate statistics on offshoring but the NYT has run plenty of articles on the practice. IBM for example says something like 4K US jobs have been lost to offshoring but really it is more like 50K. The point as far as real estate is concerned is that passive income got a free ride in the past and now what? Part of the reason all these jobs are going is that they are tax free, as in zero- no fed,fica,nothing. Go ahead and cut welfare in total, where is the other trillion in cuts going to come from? Juniper Goes Indian lightreading.com Headcount: Offshoring, Dude! lightreading.com U.S. Expects to Borrow $177 Bln in Q1 biz.yahoo.com

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