The job I lost
I formerly worked for IBM but they "transitioned" my position to an a foreign worker from India. His salary was approximately a third of my salary. He is paid in India by IBM's Indian corporate entity. Thus, his salary is not taxable in the US. His only "recognized" income is the daily per diem and if the family was moved to the U.S. that stipend amount. The U.S. is idiots if they think globalization is in their best interests. It is a one way street to build foreign economies at the expense of the U.S. economy. Money leaves and never returns.
IBM is outsourcing U.S. jobs at an alarming rate.
What it's like being unemployed
Being unemployed is like purgatory. You don't have daily interactions, your skills are losing market value and you self worth and confidence is diminished. You also are powerless to influence any hiring process and the corporations have decided it is cheaper to work staff harder and defer or eliminate hiring.
- I thought after 30+ years in I/T, major corporations and consultancies I was "experienced and valuable". I will not let the current economy diminish my self worth even if they starve me to death. Let the American public hit the streets and DEMAND JOBS. If corporate America refuses take the $2 Trillion on their balance sheets and REDISTRIBUTE it by hiring, they need to pay the social cost of their actions.