Election 2004: Farm it out

Some researchers at U. of Illinois have found some frightening information

The nation’s information technology industry lost 403,300 jobs between March 2001, when the recession began, and April of this year…

…Perhaps more surprising, just over half of those jobs – 206,300 – were lost after experts declared the recession over in November 2001…

…In all, the researchers said, the job market for high-tech workers shrank by 18.8 percent, to 1,743,500, between March 2001 and April 2004…

…attributes some of the job losses to corporations farming high-tech jobs out to overseas companies that promise to do such highly skilled work for lower wages…

…The employment picture has become a hot-button issue in the U.S. presidential race. Even though the overall U.S. economy added 144,000 jobs in August, it still has lost 913,000 positions since President Bush took office…

— Via Seattle Post-Intelligencer

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