“Instead, we could do a simple mental exercise - name 10 top software companies, then cross out all American corporations. You would be hard pressed to have more than 3 names left on the list.”
It’s irrelevant where a company is domiciled. What’s relevant is where they are doing their new hiring, and for what positions. And I’d love to blame Obama, but he is really not the cause of the problem; he just has done nothing whatsoever to help.
My company recently had a 6-figure job opening for Canadian data processing work, and Canadian law required that the person hired be physically located in Canada. In contrast US law allows US data processing work to be done over the internet from anywhere in the world. So 99% of those new job openings are now going to very capable people in low-wage English-speaking countries. Employers do this for the same reason you and I shop at Wal-Mart: to get a bargain. And I don’t blame the employers. The fault lies with a US Congress that has systematically betrayed the people it is elected to serve.
> It’s irrelevant where a company is domiciled. What’s relevant is where they are doing their new hiring, and for what positions.
Actually, company’s domicile provides an extremely important insight into the economy. It is in the United States that the new companies are created. Today, in spite of all the gloom and doom there are thousands of new companies formed in this Country. Many of them will become tomorrow’s leaders. It is this dynamism that will drive American economy. All that is required is the removal of the economic uncertainty introduced by Obama’s regulations and massive spending binge. If Republicans can limit the damage over the next two years and if we can manage to elect a conservative President we will see the recovery as strong as the one under Reagan.
Granted, these are two very big “if’s”. But I can hope.