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Strip-mining the U.S. economy. (Insider Report).

The New American

| June 02, 2003 | COPYRIGHT 2003 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Major Wall Street investment firms such as Morgan Stanley, Goldman Sachs, and Citigroup "are mulling the benefits of shipping research jobs to countries like India, where salaries for business graduates are as little as 10 percent of those in New York and London," reported Reuters on May 4th. "U.S. banks, brokerages, mutual companies and other financial services companies are planning to relocate 500,000 jobs offshore, or 8 percent of their work force, over the next five years."

The half-million figure actually represents the low-end ...

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Source: HighBeam Research, Strip-mining the U.S. economy. (Insider Report).

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