>>In the long term, companies that save money this way will generate new jobs, he says, which will go to workers who are willing to reinvent themselves.
Yeah..absolute rubbish - companies invest in foriegn outsourcing to save payroll costs...then they will use those savings towards other jobs dreamed up as a consequence! Total rubbish. The only reason for doing this is to create a higher Earnings Per Share ratio for shareholders
It's sad that all sorts of jobs are vanishing locally as they are all being transfered to places like India where the companies can pay a pittance for labour. My sister works for a pretty big bank and they are all worried that soon their jobs will dissapear as thier services are transfered across the globe...though in this country (UK) I cant see anyone political fighting to do anything about it. Far too concerened with Iraq and whatever women is sleeping with David Beckham at the moment!
