The "Wall Street Journal" just reported that IBM is expected to inform a large number of U.S. employees in its global-services unit that their jobs are being eliminated, with some of the work being shifted to IBM employees in India. The planned cuts show that even companies that are successfully navigating the global recession are continuing to slash costs--some of them by taking advantage of cheaper Asian labor.
It is sad but so very true. It is hard for U.S. firms to hire here when these firms can go to India and hire individuals at a fourth of the cost and are just as skills. The reason that I know that is the situation, because during my five years in the United Arab Emirates; we did exactly that when we needed computer technicians.
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