Monday, July 05, 2004

....It's back

People blamed loss of jobs to outsourcing but from the WSJ to The Economist enough paper and ink has been wasted on evaluating job loss vis a vis outsourcing. There will still be few denials to the fact that the Michael Jordan Nike endorsement deal exceeded total wages of the Nike's outsourced labor worldwide.

With massive layoffs in the silicon valley, things got so bad that the card swapping machines at checkout counters were asking customers to punch in their employers name and not the zip code.

Economy is on the rebound . People are finding jobs , there are more cars on the roads , highways are jammed , malls are crowded , restaurants are packed . Does that mean a better economy brings more problem for the common man ...?

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