Monday, August 30, 2010

Jobs

Jobs have been shipped overseas because it is cheaper for US and especially Silicon Valley corporations to employ folks there. If there is hiring to be done, it will be done overseas.  Do not expect the US jobs picture to improve.

Best sign of deflation? Silicon Valley corporations laid off the excess in 2008 and also reduced wages/salaries because they could do it at the time. Nothing has changed. Those employees remain with lower pay and new hires are overseas.

You need to get on board the deflationary ship. The enlightened profit ships are leaving the harbor. Don’t get left standing on the dock with some kind of concerned inflation view.