Almost 1 million Americans get their paychecks from Mexican companies, says Ton Heijmen, senior adviser for outsourcing and offshoring for the Conference Board.
Now that's a news to me. I thought jobs are vanishing from America and are landing up in offshore countries. But this report from Forbes has really changed my perception. Well, I know America is also a land where many brands from foreign countries set up shops and employed Americans and invested billions of dollars.
I got this info about Toyota from Wikipedia.
Toyota directly employed around 34,675 people in the United States, invested USD $15.5 billion, produced 1.2 million vehicles using US and foreign auto parts, sold 2.54 million vehicles, and donated USD $340 million to nonprofits. [20] It has in total 10 plants, USD $2.9 billion per year payroll, purchased USD $28 billion in parts and supplies from 30 states. It created around 386,000 jo
bs in the United States as result of Toyota's spending and demand from suppliers. It celebrated its 50th year anniversary in the United States in 2007.
Toyota also ran a heavy duty advertising campaign informing the whole world how it employs 'more' Americans than 'real' American companies. That was a long story, will tell you later in detail.
Indian software companies also set up development centers in US. What comes to mind is of TCS' setting up of its largest center in US. Consider this,
For the state of Ohio, which has been hit hard by a loss of manufacturing jobs, the 1,000 mostly local jobs that TCS plans to bring to its North America Delivery Center will be a welcome relief.
Coming back to the Forbes story. This is how it started:
Some pundits and politicians love to complain about how Americans lose their jobs because of cheaper labor overseas. But many foreign companies create jobs for Americans by investing and operating in the U.S.
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