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Tuesday, June 06, 2006

This Isn't Good News At All
Posted by SPIIDERWEB™ | 6:33 AM

Here's another 6 billion that won't go into the US economy.
US technology giant IBM said Tuesday it will triple its investments in India to six billion dollars over the next three years, reiterating India's dominance in the global outsourcing industry.

It won't take too many similar US corporate investment decisions to have a very severe impact on the US economy as a whole.

Oh yeah, did you notice the 9% slice of that pie? Yep, its the worker bees' jobs that are being outsourced, not management's. The corporate big shots stay in America where its getting harder and harder for the rest of Americans to afford to live.

Cross posted at Spiiderweb.
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