How depressing…

Friend forwarded an email from a company that tracks, if you can believe this, how many jobs are being lost all over the world. You can even sign up for their newsletter and get dispirited on a regular basis.

And guess what, the U.S. isn’t the only country displacing huge numbers of workers. Here’s an item on Japan:

Sanyo Electric Co. |Consumer Products
Sanyo, the Japanese consumer electronics giant, says it will eliminate 15 percent of its global workforce, about 14,000 jobs, in a massive restructuring effort. Extensive earthquake damage to a semiconductor factory and slow sales of its core electronics products accounted for losses of $1.54 billion in fiscal 2004. 8,000 of the cuts will come in Japan where a significant number of factories will also be shuttered.
Candidates: 14,000
Fort Worth Star-Telegram, July 6, 2005

The company that does this tracking also offers helpful outplacement services, so I guess they’re not just being depressing. What happens to all these people? Do they all get reabsorbed into corporate America or corporate Japan? Not likely.

As I’ve said before, this is an age like the pioneer days of North America. Round up the wagons, gauge how much grub to bring, and strike out yourself across the mountains. It’s the only way around ‘em now.

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