Word: move
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...move may be a precedent for other U.S. companies who need to staff essential positions if the recession goes on for a long time. More jobs will be sent abroad and that could easily take hundreds of thousands of American people out of work...
...outsourcing may be making a big comeback as word leaked that IBM (IBM) would cut about 5,000 jobs in the U.S. and move the work to India. This may be the beginning of a new wave of exporting of American jobs to developing countries which have large pools of well-educated workers...
...India's GDP grew at a rate of 7% or better the last two years. That rate is expected to move down sharply due to the recession. The central government has the goal of continuing the growth rate it enjoyed until last year, but as GDP falls throughout the balance of the developing and developed world, it will be nearly impossible for the government to meet those goals...
...news is troubling because labor costs in the U.S., even among highly educated adults, are falling. American workers should be available for employment at salaries much lower than they were two years ago. But, it appears that IBM has elected to move jobs offshore rather than keep them in the U.S. despite the trend of more tech workers losing their jobs here...
...want to see the automobile industry be very vibrant going forward. Eighty percent of the value of a car is with the suppliers, and our suppliers throughout the United States also service GM and Chrysler. So it's very important, since we're so interdependent, that all of us move forward together...