Obama’s Stimulus is Working: Employers are hiring !!!

(8 pm. – promoted by ek hornbeck)

India Outsourcers Hiring Staff as US Demand Grows

By THE ASSOCIATED PRESS

Published: January 20, 2010

Filed at 9:44 a.m. ET

MUMBAI, India (AP) — India’s top three outsourcing companies are ramping up hiring and increasing pay as global corporations, mainly from the U.S., send more work offshore to cut costs as they emerge from the downturn.

Tata Consultancy Services, Infosys, and Wipro expanded their global workforces by an average of 5.1 percent last quarter, together adding 16,701 employees, company documents show — an early sign that the Great Recession may ultimately benefit India as cost-conscious companies outsource more work, just as they did after the dot-com bus….

Heck of a job there, O.

Contrast the US response /stim to France:

Ghosn was summoned to meet Sarkozy after France’s second- largest carmaker floated the idea of shifting production of the next Clio compact car to its plant in Bursa, Turkey. The suggestion came after France spent about 600 million euros to boost car sales and provided Renault with 3 billion euros of aid in the face of the worst recession since World War II.

“We haven’t invested all this money supporting our carmakers just to see all the factories moved overseas,” Sarkozy told lawmakers in the National Assembly Jan. 13. The French state is also Renault’s biggest shareholder with a 15 percent stake.

That’s what could have been.

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  1. One of my jobs is in a moderately upscale restaurant. Business is still way down,  credit cards being used for payment is much higher than a year or two ago, a sign that people don’t have available cash for discretionary purchases.

    Obama’s attitude seems to be that if he gets unemployment down to 8% or so by 2012 he will be elected. He has shown little concern for America’s working class.

  2. Now features babysitting jobs.

    • Temmoku on January 21, 2010 at 3:50 pm

    anything, anymore. The Mr. was surfing the intertubes and discovered that Wincherster rifles are made in japan! I guess Jimmy Stewart will be turning over and, maybe they will have to amend his movie about Winchester Rifles.

    Well, as a side, my son finally got a job after 2 years of unemployment…funny thing, he had applied at this same place five times before they finally called him and set up an interview! From my perspective, there are getting to be more jobs…just not enough. I read about the India boom and was very discouraged—-my other son is working in IT(he has a degree) but he makes less than $40 K a year—a lot less! So things are still crappy even if they may be improving.

    Big Business has won, the only jobs are poorly paid, non-union jobs…we are seeing the demise of the middle class.

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