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American Jobs Going Bye-Bye |
| Section: CURRENT ISSUES / COMMENTARY |
| Author: |
| Publication: The world & I online |
| Issue Date: 1/1/2004 |
| Size: 131 Words, 906 Characters |
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U.S. banks, brokerages, mutual companies, and other financial service companies are planning to relocate 500,000 ...
. . .
...f it costs less there.
The pain for American workers has been increased by the replacement of American workers in U.S. facilities with foreign workers.
In May, there were 580,000 U.S. unemployed or underemployed technology workers.
The U.S. high-tech sector lost 560,000 jobs in 2001--2002. During the same period, companies sponsored more than this number of high-tech workers on visas.
(113 of 906 characters)
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