Wednesday, October 06, 2010

U.S. jobs continue to flow overseas


Though some companies have actually moved operations back to American shores recently, the lure of cheaper labor in China, India and other foreign countries is more irresistible than ever.

"We should offer tax credits or a five to 10 years tax holiday to companies, domestic or foreign, that want to set up factories in the U.S.," Reuters quoted Intel's Otellini as saying.

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