Job movement overseas "is absolutely accelerating"

[deacon]

A new report commissioned by a bipartisan congressional commission said 406,000 U.S. jobs would migrate overseas this year, double the conventional wisdom. This trend is expected to continue for several years.

Job movement overseas "is absolutely accelerating, and it's changing in its nature," said Kate Bronfenbrenner, a professor in Cornell University's School of Industrial and Labor Relations, who prepared the report for the U.S.-China Economic and Security Review Commission.

In India, a computer programmer with a college degree and two or three years of experience earns about $20,000 a year, according to companies that employ workers there. Call-center workers there earn about $1,200 a year, compared with Brightman's $40,000 salary from AT&T.

http://www.iht.com/bin/print_ipub.php?file=/articles/2004/11/17/business/jobs.html

[Nikepallas]

1. Dumb question

With all these jobs being moved overseas the question becomes what will be left here?

Why do I feel that if this kept up that in 10 years we will be a nation of jobless?

What then? No unemployment no job :scared: :scared: :scared:

[kcwayne]

4. What will be left is nothing but services

One of the greatest rip offs of the Bush tax cut, which was supposed to spur the wealthy and the corporations to invest in businesses which would in turn spur the economy, is that those investments were done in India and China.

There is no motivation by industry in the US to invest in anything here except in supply chain infrastructure to move the goods that are imported from the cheap labor countries to the shelves of WalMart. We are witnessing the greatest self inflicted destruction of an economy in the history of civilization.

[SammyWinstonJack]

6. Would you like fries with that?

I guess we can clean the McMansions of the Rich and Famous?

[finecraft]

7. I deal with "New Entrepreneurs" all day

I work with people starting their own businesses. People that used to have descent paying jobs with employer provided health care and some with 401K plans. When their jobs disappear, theses people collect their unemployment for as long as they can, while looking for other employment, and after looking for 6 months or more with no success, they decide to start their own businesses. Bush says these people are part of our "entrepreneurial and ownership" society. These lucky folks are finding out if you own a washer and dryer, you can start your own laundry business. If you own your own lawn mower, you can start your own lawn service business. If you like kids, you start a daycare business in your home. If you happen to own a garden shed, you can move it in your front yard, next to the road, and run your own snack stand, or cook plate lunches in your home and sell them. Yep, in 10 years we will be doing each others laundry, cutting each other's grass, and cooking each other's food. What a wonderful life it will be!

[Junkdrawer]

15. Mordor

[AG78]

16. Plenty of jobs available

In the Private Military Industry.

No more taxes, so no more police offiers or firefighters. It'll all be privitized.

They'll protect those who work for the military-industrial complex, along with protecting the masses from themselves.

People will fight over who gets to kill for Wal-Mart.

Anyone that asks questions of authority, will be tracked down by the Fox News Army.

No need to worry.

[kcwayne]

2. Bullshit, it is not changing in nature

the types of jobs moving overseas has been in the high tech, engineering, research, and financial sectors for several years now. We have been talking about how this decimation of our core high skill jobs is going to destroy our economy for years.

[rndmprsn]

3. its scary how fast this is happening

http://www.pbs.org/wgbh/pages/frontline/shows/walmart/

i was horrified to learn that our main exports to china are scrap metal, wood and other raw materials...that they process and sell back to us as, TV's computers and boxes with things in them...we have regressed back into the colony in a mercantile economic system

[high density]

5. It would be nice to put tariffs on these impossible wages

so that Americans can compete with them. How about a 500% tariff on high tech wages and a 2000% tariff on call center work?

Ok, I'm dreaming. But it seems like we're quickly headed toward being a nation of workers that stock shelves at Wal-Mart or microwave burgers at McDonalds. The only high tech or skilled job options left will be provided by the defense industry.

[laura888]

8. true - that IS what's happening

I work for the defense industry. Recently spoke to a new employee newly recruited from Dallas to DC. he said "no IT jobs in Dallas."

[high density]

10. Yeah, I've been looking at the DC job market (software)

Unfortunately for me most of the jobs require security clearance and/or five years of experience, both of which I don't have. It seems like the process of gaining security clearance is a Catch 22 situation.

[laura888]

13. In the end, our tax dollars support the defense industry...

...so their survival depends on a strong middle class. No?

[KlatooBNikto]

9. I think most corporations in this country have given up on running a

profitable business based in the U.S.Over the years, they have become inefficient,loaded with debt and their costs of doing business have skyrocketed.Under these circumstances, American corporations have decided that offsetting the high costs of domestic operations with cheaper labor and a favorable tax structure abroad is the only way they can survive.This applies to Manufacturing and Service industries alike. At one time, our economy was supposed to become a bastion of Service Industries. This was supposed to offset the loss of Manufacturing jobs. Now the flight of Service Industry jobs is happening fatser than even the Manufacturing Sector.At the rate we are losing jobs, I wouldn't be surprised if even Universities move abroad.

[laura888]

11. Can we please look at other economies?

For example: does Japan export jobs at the rate that the U.S. does? What about Belgium?

[NMDemDist2]

14. japan has huge trade barriers on imports

and the EU has a stable economy. the US has always looked for growth to fuel profits, whereas the EU settles for much less "growth" but far more stability

[C.C.D.]

12. Of course it is. I can't even get an American at CitiCards anymore. (nt)