I recently became acquainted with Matt Lykken who graduated with honors from Harvard Law School in 1985. Today he is a tax attorney who put together a website that explains in plain English why US employers are so incline to send US jobs overseas. It explains how the corporate tax bill gives corporations tax cuts for sending jobs overseas. For example: If you opened a business, and you needed to hire someone, but you would be fined 35% of your income if you hired a US citizen, wouldn't you choose to hire a non-citizen?
This isn't only a problem for those people who work on help desks in the US. You see, when help desk analysts loose their jobs; they start looking for other IT positions. Pretty soon, there are too many people competing for desktop, system admin, and other IT jobs, and wages go down. This causes a surplus of highly skilled workers. Those jobs are filled by people overseas who do not have the same IT skill sets, but they work for a fraction of the cost.
Some experts may argue that low-income jobs should go overseas, so that the US can maintain a higher standard of living, but this shift is draining the USA of middle income jobs. One Denver company recently eliminated 120 positions. Those jobs went overseas. These positions were between $45,000 and $80,000 a year. Would you call those low-income jobs? In 2004, MSNBC reported that 403,300 high tech jobs were lost between March 2001 and April 2004. And IT professionals in the US should cover their eyes before they read this next line... April 4th CNNMoney reported that 80,000 jobs were lost last in March 2008. So how was the corporate tax bill good for the United States?
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