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Tuesday, July 22, 2003

If you're not familiar with it, schadenfreude means "A malicious satisfaction in the misfortunes of others." One could understand and perhaps forgive former employees of manufacturing and textile firms feeling a bit of this when looking at the current problems white collar (particularly technology) workers are having in the current non-recession. The NY Times reports on a conference call conducted among many senior IBM managers worldwide where moving technology jobs offshore was discussed.

During the call, I.B.M's top employee relations executives said that three million service jobs were expected to shift to foreign workers by 2015 and that I.B.M. should move some of its jobs now done in the United States, including software design jobs, to India and other countries.
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