Stream of U.S. jobs flows overseas

[lib2DaBone]

http://www.lansingstatejournal.com/article/20101129/NEWS03/11290318/1004/NEWS03/Stream-of-U.S.-jobs-flows-overseas

WASHINGTON - Though some American firms are bringing overseas work back home, evidence is growing that companies are moving more jobs than ever to China and other countries - a trend that could exacerbate efforts to bring down the nation's stubbornly high unemployment rate.


Among the companies that have recently sent jobs overseas are Hewlett-Packard Co. in Palo Alto, Calif., and Hilton Worldwide, the McLean, Va., hotelier that maintained a reservations center in Hemet, Calif., employing 295 people.


Also moving to the increasingly popular Philippines this year were JPMorgan Chase's telephone banking operations, from Troy, Mich. HP is laying off an undisclosed number of human resources employees in 10 states, transferring their functions to Panama.
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...and no one in Congress see a problem with this?

[Skittles]

1. HP pimps off jobs to the lowest overseas bidders every month

very stealthy, but they've been doing it for years - easier to avoid the publicity that way, ya know?

[gateley]

2. Don't these companies get tax breaks for doing this - or something like that?

I'd say penalize them for sending jobs overseas, but then they'd just sell the companies to foreign owners who wouldn't have to worry about it.

We be screwn.

[inna]

3. "companies are moving more jobs than ever" - EVER????? nice to know.

:nuke:

:argh:

[OHdem10]

4. This is why we have so many people jobless. No fair trade

policy.

[inna]

5. i know, i get it, it just fricking unfuriates me.

:nuke: