Shifting workers overseas

[bigbadwolf]

Saw this interesting story:

Some of the workers being let go by IBM have a chance to remain with the company — if they're willing to move to Brazil, India, China or a dozen other low-wage countries. But the expatriate employees would likely be paid local wages as they begin their new lives overseas.

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Could this happen in -- er -- other areas as well?

 

[Stefan Zota]

Of course it can happen in other areas.
It is somewhat related to this trend:
Senate approves restriction on foreign hires by banks receiving bailout - QuantNetwork - Financial Engineering Forum