The Incredible Shrinking Paycheck‏

http://www.time.com/time/magazine/article/0,9171,2050019,00.html

Those geniuses over there at Time Magazine are starting to see the problem.

"A lot of Wall Street data crunching, for example, is now done in India, and the number of high-end strategy jobs in fields like consulting is increasing there too."

"from 2002 to 2008, employment abroad by U.S. multinationals abroad 22.6%, while employment at home increased by a mere 4.9%. What's good for U.S. companies and what's good for U.S. labor and wages are no longer always the same thing. The discrepancy may become an increasingly contentious political issue."

I am pretty sure I have expressed this sentiment over and over and over and over for many years going back well before 2002. Nice to see them catch up.

Their brilliant conclusion is to train for a new job. Unfortunately that is a bunch of pie in the sky. The reality is there are no new jobs. They have all left or will be leaving soon. This nonsense that there are these other jobs (green jobs) that people just don't know about (or aren't trained for) is garbage.

The jobs are the jobs. They are either here or they are in India and China. It is what it is.