Tag: offshoring

PG&E empty chair (Tony Avelar / Associated Press))

Report: PG&E Offshoring IT Jobs to India to Cut Wage Costs

In the latest high visibility offshoring of Silicon Valley jobs to India, the San Francisco Business Times (SFBT) reported last month that the Pacific Gas and Electric Co. (PG&E) will offshore about 72 information technology (IT) jobs from San Francisco to India in a restructuring that could slash labor costs by 75 percent.

Mexican Pesos (Yuri Cortez / AFP / Getty)

Mexican Peso Down 30% Since Trump Began Campaign

Any media pundit who doubted Donald Trump could win the presidency and “build a wall” should have been watching the Mexican peso’s relentless 30 percent exchange rate decline since Trump began his campaign on June 16, 2015.

‘Reshoring’: Will U.S. Manufacturing Make a Comeback?

Call it “reshoring,” or “insourcing” if you prefer. By any name, a significant movement of manufacturing back to U.S. shores is exactly what our economy needs. Factory movement overseas has opened a hole in the American job market that nothing else can truly fill, a point stressed in blue-collar populist appeals from both political parties.