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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: CalculatedRisk who wrote (1438)3/7/2004 11:59:49 AM
From: mishedlo  Read Replies (3) of 116555
 
Offshoring's giant target: the Bay Area
Silicon Valley could face export of 1 in 6 jobs -- worst in nation

Jobs are more likely to be shipped overseas from Silicon Valley than any other region in the nation, placing the Bay Area's economic engine directly in the path of the global freight train known as offshoring....

sfgate.com
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This is not pretty
I fear for my wife's accounting job.
There are all kinds of jobs EVERYWHERE that will be lost, not just tech or phone support.
Before all is said and done this is going to get extremely ugly.
Mish
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