Wednesday, January 20, 2010

Six unemployed people per US job opening


Over 70% of IBM's employees, for instance, are based overseas; the company slashed its U.S. workforce by about 10,000 in 2009.

This trend has plenty of room to run, as Princeton University economist Alan S. Blinder estimates that up to 29% of all U.S. jobs could be offshored in the coming decades.

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