Saturday, June 12, 2004

Posted here Saturday, June 12, 2004 at 6:38:27 AM     Yes, but.. WASHINGTON -- While many U.S. workers fear the prospect of seeing their jobs shipped overseas, a new government report indicates few layoffs can be blamed directly on work being sent abroad. In the first three months of the year, the jobs of 4,633 U.S. workers were sent to foreign workers, according to a Labour Department report released Thursday. It is the relentless pressure on salaries. Of course if jobs tend to go overseas, the reaction is to lower wage rates so they do not. Thus the overall loss of income is much higher than the loss of jobs. ********