I know of several who have recently lost jobs in the computer industry due to their company’s outsourcing those tasks to India. This article in the Washington Times describes this increase in the practice of employing foreign labor in detail. The article describes the impact this is having on U.S. employee careers and occupations but also on U.S. wages. The article mentions that on April 26th, the New York Times reported that real earnings of those in the top 10 percent fell 1.4 percent over the last year. More to come on this practice and its effect in the pension arena. . .
Foreign Labor: Impact on Unemployment
I know of several who have recently lost jobs in the computer industry due to their company's outsourcing those tasks to India. This article in the Washington Times describes this increase in the practice of employing foreign labor in detail….