IBM Global Services plans to lay off half its US workforce by year end, which could be 150K employees. Simultaneously, they're hiring in China & India.
I hate that I was prophetic about offshore outsourcing. In 2003 I wondered about the damage of a huge American employer outsourcing a big bulk of their jobs. Many people I talked to thought I was overstating the problem. Unfortunately, I was Nostradamus-like on this one.
I can't wait to see the "free trade" PhDees (eg academic dee dee dees) try to defend this action as "benefiting the US economy".
I should start a firm which outsources "free trade" PhDee apologists. My staff would not have PhDs, or wouldn't be as bereft of common sense & real-life experience as PhDees, but could do the work at 10% of the cost of existing PhDees
Check out this insightful comment someone posted (anonymous | May 04, 2007 | 7:40PM). Real effed up, but I can't say that for many US companies that this is not true: