Job Loss

@LadyBlue Said

I have made my voice matter by not buying products made in China, and trying to buy ONLY U.S.A made products.

@allentx Said

https://money.cnn.com/2008/10/03/news/economy/jobs_september/index.htm?postversion=2008100313


Year to date job loss as of August 2008 = 760,000

Most of those jobs are going overseas:

From CBS: "To many American employers, India is Nirvana. It has a stable democracy, an enormous English-speaking population, and a solid education system that each year churns out more than a million college graduates -- all happy to work for a fraction of the salary of their American counterparts.

And India epitomizes the new global economy -- a country that often looks on the edge of collapse, a background of grinding poverty, visually a mess.

And yet, whether you know it or not, when you call Delta Airlines, American Express, Sprint, Citibank, IBM or Hewlett Packard's technical support number, chances are you'll be talking to an Indian. "

The U.S. government does not keep track of how many American jobs have gone overseas, but there are estimates that in just the last three years, as many as 400,000 jobs have gone to places like China, Russia, and India.

"The reason the companies are coming here is to really be more competitive and that cannot be bad for the U.S. economy," says Iyengar, who believes the effect of outsourcing on the Indian economy has been quite dramatic.


https://www.cbsnews.com/stories/2003/12/23/60minutes/main590004.shtml

That is the full article.

While these companies insist they are passing the savings on to us for outsourcing, you know that is a bunch of bull. I don't see things getting much cheaper. Do you?

It is a fact that these companies outsource to MAXIMIZE their profits so their majority shareholders will make a killing; and we Americans are left out of jobs. And I find it funny that McCain wants to give these companies a tax break; when they should be getting penalites for outsourcing our jobs...