I just talked to my brother in Austin Texas to wish him a Happy's Father's Day and found out that he is being outsourced. He has to train a man from India who is being flown to Texas to learn his job. My brother starts his "training" July 5th and then he is to be "let go" on October 1st, enough time for the guy from India to learn all that my brother can teach him. My brother, Joe, has 2 young children and living the middle class lifestyle. But, this proves that the middle class is being squeezed hard.
The Republicans are bragging that employment has gone down, well maybe it has, but, people are getting jobs but for less wages and less benefits just to make ends meet. Sure, Walmart jobs are out there, along with plenty of service jobs, the higher salary jobs are going away quicker than we can do something about it...something has to be done and it should be a number one issue in the 2006 election! I never felt so affected by this but, when it happens you got to get the word out, it can happen to anyone!
I found this article today, sounds great doesn't it..:
CEO's deserve a chance to be outsourced too
By Michael Cooney, NetworkWorld.com, 06/14/06
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With the increased emphasis on offshoring work to China and India, it's time to offshore some chief executive jobs to those locations. That's the conclusion of an amusing and spot-on New York Times column, The Corner Office In Bangalore.
The column says: "Yet in their drive to cut expenses, most notably by moving factories and call centers to other countries, they are overlooking the escalating cost of the executive suite. It's time to apply market logic to this disturbing trend and begin outsourcing chief executives. This measure would unlock tremendous value for shareholders. So far, outsourcing manufacturing and services has led to higher chief executive compensation, at the expense of shareholder profit. For example, IBM's chief executive, Samuel Palmisano, who has been moving jobs to India, last year saw his total compensation rise 19% to $18.9 million -- even as the total return for his company's stock fell 16%.... It would make sense for the chief executive of an American corporation to come from, and be based in, those areas of the world where the potential for market growth is the greatest. It would be reassuring to have a chief executive who understood the local business practices, the country's cultural underpinnings and the language."
Kinda makes sense actually. Will it be happening? Yeah, right.
(if you want to read the whole column, you must register with the NYT)