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To: Victor Lazlo who wrote (158931)8/2/2003 9:20:37 PM
From: Lizzie Tudor  Read Replies (2) | Respond to of 164684
 
I really don't think these 2 events- silicon valley bubble and massive professional job migration to India compare in terms of the damage each can do to this nation Victor. Jobs temporarily created by Lucent are still US jobs. Sure they don't last, but while they do, the person employed is hopefully learning something, and paying taxes. Are you forgetting we have the largest budget deficit EVER, and a generation close to drawing on SS?

Where the Good Jobs Are Going
Forget sweatshops. U.S. companies are now shifting high-wage work overseas, especially to India

time.com



To: Victor Lazlo who wrote (158931)8/5/2003 10:31:04 AM
From: Lizzie Tudor  Read Replies (3) | Respond to of 164684
 
Tempering the service sector data was a survey that showed that job reduction announcements rose 43 percent to 85,117 in July after falling to a 31-month low of 59,715 in June, according to the monthly tally by Challenger, Gray & Christmas, a Chicago-based employment firm.

The jobs picture which is broken due to offshoring will take the economy down again, it looks like.
biz.yahoo.com