A Million Jobs Here, A Million Jobs There, but Unemployment Remains High
January 20th, 2011 by admin in Careers, employment
It was just before New Year’s when Associated Press reporter Pallavi Gogoi broke the news that many U.S. companies are hiring…..overseas.
The Economic Policy Institute a think tank in Washington, D.C. estimates American companies created 1.4 million jobs overseas in 2010, compared with fewer than 1 million domestic jobs.
Now Ed Stoddard at Reuters is reporting that during the last two years as unemployment hovered at or near double digits, over 1 million immigrants found work. Many were here illegally.
The common denominator in both these stories is one of cost savings for employers.
Tags: Associated Press, Economic Policy Institute, hiring, immigration, job creation, outsourcing, Reuters
