Outsourcing reloaded
"U.S. CEOs Who Outsource Get Bigger Pay Hike-Survey
Tue Aug 31,12:08 AM ET
By Andrea Hopkins
WASHINGTON (Reuters) - Chief executives at U.S. companies that shipped jobs overseas won a 46 percent pay hike last year, more than five times the average CEO raise, while ordinary workers' paychecks barely budged, a study showed on Tuesday.
In its annual look at CEO compensation, the nonprofit liberal Institute for Policy Studies found executive pay at the 50 firms outsourcing the most service-sector jobs increased 46 percent in 2003, while the average CEO got a 9 percent raise and regular workers saw a 2 percent boost in pay.
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I found this interesting based on what was discussed here not so long ago. And here's exactly the point I stated (in the same article):
"Some economists and policy-makers have said the shift will benefit the nation in the long run by lowering the price of goods and services and boosting profits, but U.S. workers argue they cannot afford to buy anything if they don't have jobs."