In The News

Top Indian Technology Firms TCS, Infosys, Wipro, Aegis and Others in US Are Going for Local Hiring

Shruti Sabharwal August 22, 2011
Indian IT firms are seeking to employ more Americans as a result of the high US unemployment rate and criticism of outsourcing. “In response, IT firms are now pulling out all the stops to be seen as job creators with a stake in local economies,” writes Shruti Sabharwal for the Economic Times. Sensitive to charges of stealing jobs, the Indian firms have joined a number of US initiatives: Wipro...

Foxconn, HSBC Join Global Trend: Technology Reducing Labor Costs

David Magee August 4, 2011
For corporations, people are becoming a redundancy. Reliance on technology to reduce costs and increase efficiency is a corporate trend that has contributed to high unemployment rates. An International Business Times article reports the trend is expanding into areas often blamed for jobs lost in the developed world: the world of finance and outsourcing to China. HSBC Bank and Foxconn, the maker...

Employment Versus Debt

Nayan Chanda July 26, 2011
Confronting an ongoing economic crisis, US politicians have assigned greater priority to the nation’s large deficit rather than an unemployment rate officially listed at 9.2 percent. Also overlooked is a report from the US Department of Labor that 3 million job openings go unfilled. It’s a head-scratching moment, suggests Nayan Chanda, YaleGlobal editor in his regular column for Businessworld,...

Is France on Course to Bid Adieu to Globalization?

Pierre Haski July 21, 2011
The French have long been critical of globalizing forces that disrupt their nation’s economy or threaten their identity. Calls for démondialisation, or deglobalization, has emerged as a leading issue in the French presidential campaign. Intense opposition to engagement with the world builds among the left and right, along with alarm about the global debt crisis, structural youth unemployment and...

Clinton Links US Diplomacy to Jobs

Daniel Lippman July 15, 2011
The US Congress is on a cost-cutting drive, and foreign aid is in line for the chopping block, a move deeply worrying to the leader of American diplomacy. Investing in diplomacy builds connections, opens new markets for US companies and creates jobs for Americans, Secretary of State Hillary Clinton contended in a speech to the Global Leadership Coalition, a group of businesses and nonprofits...

Asia Matters for America

Satu Limaye June 28, 2011
US workers and politicians rail about jobs lost to Asia. But Asian-US interactions in education, immigration, investment, tourism and trade produce US jobs and income, explains Satu Limaye, director of the East-West Center in Washington. He created Asia Matters for America, an online map that relies on US government data to show exports, as well as their growth and percentage of total trade,...

Good for Obama’s Jobs Council, Good for America?

Jia Lynn Yang June 17, 2011
There was a time when what was good for US companies was good for America. But, the US government and US-based multinational firms may no longer share the same formula for the good life. President Obama appointed a 26-member jobs council, including corporate leaders from General Electric, Intel and Citibank, to advise on creating US jobs and growing the economy. Jobs often follow revenue and...