India is getting them back...
I guess the problem I have with this is that U.S. Megacorps want to have it all ways.
When the U.S. economy was humming, they wanted hundreds of thousands of "qualified" IT workers in the country "now". And they wanted them willing to compete with Americans, and work for less.
Now that they've learned our jobs and the Internet has become ubiquitous, these same Megacorps want to send these guys home (and recruit even more of them), where the cost of living and standard of living are 1/5 of what it is here.
It's a friggin' race to the bottom. How can we get the cheapest X? No concern for people or lives or families.
Our economy is faltering because our formerly white-collar high-paying jobs are being exported en-masse to other countries, to people (who may or may not know what they're doing) who will work for 1/5 of what we do, work any hours, and pretend to be happy about it.
Durable goods sales were down 2.2% this month? Why? Noone wants to buy a car, home, fridge, or any big ticket item unless they're SURE they're going to have the job to pay off the debt, or that their job is safe enough to buy that stuff out of savings.
It would not surprise me if banks raise interest rates for most loans soon, on the premise that Americans, in general, are now "bad credit risks", because of the general economy, and the probability of one losing his/her job in the next 3 years.
Glen
