Posted by: ImI April 23, 2007
New wave of multinationals poses competitive threat to U.S.
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hmmm.. interesting.. lately i am thinking what's gonna happen to US economy and our jobs here?? the rate of job cuts , lay off how is it beneficial for US? I read this book "Black book of outsourcing " very interesting read..If you get a chance read it. But i don't believe in all the optimistic future predication of analyst.Where are the jobs? They say the need 200k It profesional in USA in2 -3 years.And Indian product won't be sufficient enough to handle the work in India.Well , this might be true for India but certainly doesn't look good for USA. Citi Bank cutting 23k jobs in 2 months when they are making so much profit for what to make shareholders happy.but what about the jobloss ,how is it going to help? 1/5th of all manufacturing jobs have been gone in last couple of years that totals to milions .what is the alternative jobs ? Future of america looks bad!!!
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