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In 2003, the pace of job creation was at its lowest point since World War II. Between 2001 and 2003, businesses have cut about three million jobs and have laid off more than one million workers (USA). These jobs losses and layoffs are created because of the mass movement to foreign locations. It is estimated that in the next decade as many as six million jobs will be lost to foreign soil (Rodriguez).
Domestic capital and technology are being reallocated to the employment of foreign labor resulting in less domestic labor to employ. With this practice, either unemployment can result or the remaining capital is spread much more thinly with the decline in labor productivity and real incomes...
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