So much has been said about outsourcing these days that I thought the following article might be of interest to some folks.......
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How 56-year-old
Michael Bellington
Got Fired by
"Saddam Hussein"
It's the single biggest threat to American business
This warning could save your family fortune… And
make you very rich at the same time
Dear Reader,
"People were trying not to cry," says Michael Bellington.
He recalls the scene in his company's boardroom… where he was surrounded by 60 co-workers and 120 replacements.
The night before, Bellington got an e-mail, instructing him to show up for a 10 a.m. meeting in the boardroom the next morning. "No way can that be good," he thought.
After receiving the e-mail, Bellington checked his company's Internet message board. He found a letter written by someone with the screen name "Saddam Hussein." It read: "Here's what's going to happen tomorrow. Your jobs are gone. At this very moment, your replacements from India are making their way here for training. Your company has chosen them over you."
Every word posted by the anonymous "Saddam Hussein" was true.
Just like that… gone was Bellington's $76,500-a-year salary (plus an annual bonus). Outsourced to India, where the company could get two workers for the price of one.
Of course, Bellington is not alone.
IBM recently moved 5,000 jobs to India and China. General Electric, Microsoft, American Express, Continental Airlines, Best Buy, Bank of America, and almost every big company in the U.S. has either already sent work offshore… or is planning to do so soon.
In fact, 40% of the 500 biggest companies in America will have outsourced workers overseas by the end of 2004, according to Gartner, Inc.
But it's not all bad news. You see, right now there's an easy way to make a lot of money from this trend–whether you have a job or not… or even if you are already retired.
In fact, one simple financial move today could return 750% or more over the next few years. And as much as 3,000% over the next decade. If I'm right about this, $10,000 will become $100,000 in the next four years. And you can get started with less than $25.
In this report, I'll describe exactly what to do. And I'll show you how to get the details on this opportunity free of charge. Let me get right to it…
Where the Money is Really Being Made Right Now
The model for U.S. businesses has changed dramatically over the past few decades.
In short, most companies no longer make the things they sell. Instead, the work is outsourced, often overseas.
Just a few of the U.S. companies outsourcing
jobs overseas right now:
Ace Hardware
Aetna
AFLAC
Amazon
Ann Taylor
AOL
Apple Computer
Aquafina
Band Aid
Bank of America
Best Buy
Best Western
Boeing
CBS
Chili's
Circuit City
Cisco
Citibank
Coca-Cola
Dannon Yogurt
Days Inn
Dell
Delta
eBay
Epson
Evian
Federal Express
Then came an important decision in 1975. Ampex (an American company with a monopoly on video recording technology) outsourced its work to Japanese companies like Sony and Toshiba. Soon, the Japanese dominated not only the video market, but also many other high-tech businesses too.
About 20 years later, IBM made another important outsourcing move.
The company sold most of its factories, and today uses dozens of companies around the world to build and assemble IBM products. A company in Toronto, for example, called Celestica, makes most of IBM's big computers used as servers to host Internet websites.
The truth is, many of today's high-tech U.S. manufacturing companies don't really manufacture anything at all. They're just brand names. For example…
Cisco sells routers, which allow computers to talk to one another, but a company called Flextronics actually designs and builds the things. Palm Pilot sells hand-held computers, but they're actually made by Solectron, in Mexico. Sony's Play Station is actually built by a company called MIPS Technologies. MIPS also makes products for Canon, Motorola, Hewlett Packard, and Pioneer.
The offshore outsourcing trend started with manufacturing–but has now made its way into almost every aspect of every business.
And the list of offshored jobs grows by the day: computer programmers, accountants, engineers, customer service reps, telemarketers, programmers, mechanics, paralegals, journalists, mortgage brokers, and even radiologists are losing their jobs to foreign workers. |
