How has the recession affected you?

[tboy]

No shit.

unless you have toilet paper.......

 

[tboy]

This is what has to be stopped. And it is not "protectionism" if it is stopped. I.T. shipped out weakens the country. Let me guess, is it IBM?

Gyaos Baltar

As much as it pains me to say this: kind of hard to compete if you're employing Canadian workers at $20.00 per hour and can get the same results from an indian worker at $1.00 per hour....

We have become a take take take economy and are losing our low end positions. Like any structure: lose the foundation and sooner or later the whole thing will topple. (except those on the low income side of the scale won't be getting any bailouts from the government and then only limited UI)

 

[On_the_side]

No impact to my cash flow and I'm not expecting any. In fact, I'm forecasting a 10% increase in salary and close to a six figure bonus which will be paid out in February.

That said, I am looking for my first home and with interest rates where they are today (low because of the stimulus packages), I'm having a very hard time finding a home in my price range (< $800K) in south Mississauga for the quality of home I'm looking for.

 

[middleweight]

This is what has to be stopped. And it is not "protectionism" if it is stopped. I.T. shipped out weakens the country. Let me guess, is it IBM?

Gyaos Baltar

I don't work for IBM but I know many who do and they are alot worse off than us in my company.

My company are abit late in this whole India outshoring crap and this year is the first year of it and they offshoring 25% of us this year and another 25% over the following 24 months. Those who remain here have good salaries and benefits.

My buddies and industry contacts at IBM are very unlucky. They joined a long time ago when it was a good company. Now the company must be the crappest sweatshop for an I.T worker to work. My buddy there does the same work as me and his base salary is $50k less than mine (he is still one of the best paid in his team too!), every benefit of theirs have been taken away and he gets no paid overtime etc...so I could be worse off! I would only work there if I was extremely desperate.