The companies cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million, new data from the U.S. Commerce Department show. That’s a big switch from the 1990s, when they added jobs everywhere: 4.4 million in the U.S. and 2.7 million abroad.
“We’ve globalized around markets, not cheap labor. The era of globalization around cheap labor is over,” he said in a speech in Washington last month. “Today we go to Brazil, we go to China, we go to India, because that’s where the customers are.”
India projects an image of a nation churning out students who are well educated, but in reality, companies are having increasing difficulty finding new recruits who can answer questions by phone and email.
(…) Redfin said it has recently been up against salary-and-bonus offers of $100,000 to $150,000 a year for new college grads from social-gaming start-up Zynga, among others—far above the $80,000 or so a year Redfin would normally offer.
I would like to emphasize this: “$100,000 to $150,000 a year for new college grads”
Tagged, in addition, launched an unlimited-vacation policy for its employees last September, he said. That means Tagged’s workers can take an unlimited amount of time off, as long as they are getting their work done.
“We have people who walk in through the door and they like what we’re doing, but they’ve already got four offers from big companies,” said Rich Skrenta, CEO of Blekko, a search-engine company in Redwood Shores, Calif. “A significant fraction of them go elsewhere. …They’ll say, I like what you’re doing, but I’m going to Twitter or Facebook,” he said.
