US Companies Moving More Jobs Overseas

[barbaraann]

By David Zielenziger

NEW YORK (Reuters) - U.S. corporations are picking up the pace in shifting well-paid technology jobs to India, China and other low-cost centers, but they are keeping quiet for fear of a backlash, industry professionals said.

Morgan Stanley estimates the number of U.S. jobs outsourced to India will double to about 150,000 in the next three years. Analysts predict as many as two million U.S. white-collar jobs such as programmers, software engineers and applications designers will shift to low cost centers by 2014.

But the biggest companies looking to "offshoring" to cut costs, such as Microsoft Corp. (NasdaqNM:MSFT - news), International Business Machines Corp. (NYSE:IBM - news) and AT&T Wireless (NYSE:AWE - news), are reluctant to attract attention for political reasons, observers said this week.
...
http://news.yahoo.com/?tmpl=story&cid=580&e=1&u=/nm/20031223/bs_nm/tech_techjobs_dc

Treason?

[Beaker]

1. Bon voyage, middle class-

the serfs will be sad to see you go.

[Lastgasp]

2. It's called "jobless recovery". . .

Can you answer this? Who wins in a "jobless recovery?"

[CShine]

3. Welcome to Bush's world of free trade.

[Beaker]

4. to be fair- It's Clinton's world too...he kept the ball rolling

in that direction.

[tom_paine]

5. Treason is a common occurance for Busheviks and their cronies

They continually undermine what's left of the Old American Republic all the time.

They seek nothing less than the end of the American Experiment in self-rule, replacing it with thinly disguised aristocracies and privileges...

[readmylips]

6. Hush...be quiet...it's a secret...

little man bushie and his cronies don't want us to know it yet.