Tuesday, April 19, 2011

Outsourced

The Wall Street Journal reports a remarkable shift in jobs occurred in the last decade. Multinationals cut
their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million, new data from the U.S. Commerce Department show. That's a big switch from the 1990s, when they added jobs everywhere: 4.4 million in the U.S. and 2.7 million abroad.
Thinkprogress has a distinctly sinister spin on the matter.