hemorrhaging thousands of jobs in America

Well it seems that as the economy woes is leaving hundreds of thousands of qualified Americans jobless the Corporations that used to used visas to bring oversea workers to America are not in competition with oversea companies now looking for qualified Americans to bring to their countries.

The irony

Foreign markets are suffering from the economic recession as well, but not to the degree we have seen in the United States. As a result, many qualified American workers are looking abroad for stability in these uncertain times, according to The Wall Street Journal.

American financial professionals seem to be most interested in coastal cities in China, the Persian Gulf and Europe. Developing economies in India, Russia and Brazil are also considered attractive.

As oversea emerging Markets are more stable than America markets this may cause a migration of American workers abroad.

Executive recruiters say more professionals, especially those in finance, have been inquiring about opportunities abroad in the past few months. Some undergraduate finance and M.B.A. students are refocusing their job searches from Wall Street to overseas. And in a number of cases, people with families say they would pull up roots for the sake of job stability.

www.economyincrisis.org...

online.wsj.com...



[edit on 17-10-2008 by marg6043]

Good.

We need to cut down the population of this country anyways.

No immigration into the U.S. and people emigrating elsewhere= a good thing.

This is so interesting and funny, but the problem is that as we are having our qualified professionals moving oversea on what can become an exodus, we are still inundated with immigrants with not professional background at all!!!!!!!!!!!!!!

This not good, we are trading education for none education, more degradation for the American society.

No good!!!!!!!!!!!!

I say good as well, but only so far as the business leaders and PTB's understand this is happening. The liaise faire way in which our jobs have been handled (outsourcing, ect.) has been abominable. Maby this will send a wake up call - lost high level workers means lost tax revenue. If management personell are more willing to move abroad, then company HQ's will too.

Originally posted by maudeeb
Maby this will send a wake up call - lost high level workers means lost tax revenue. If management personell are more willing to move abroad, then company HQ's will too.

Exactly!!!!!!!!!!!!! while many can get off the roller coaster killing our middle class in America and the bread and butter of the nations taxable income, what is going to be left?

I wonder sometimes what kind of morons are running this nation to the ground.

I don't blame anybody for trying to find a better way of life abroad for themselves and their families, but that also means lost of income, taxable income, now with the increasing national debt, lost of well pay jobs where the tax is going to come from to pay for the government squandering?

Only those that stay behind, you know is going to be a point that people would not be able to afford America anymore.


[edit on 17-10-2008 by marg6043]