A Job Fair For Jobs In India — In California 309
dcblogs writes "Indian and U.S. companies are holding a job fair at the San Jose Convention Center this weekend for jobs in India. The job fair is aimed at Indian workers in the U.S., but anyone with an interest in working overseas can attend. India is pitched as a 'sea of opportunity' in a PowerPoint presentation about the job fair. That's in contrast to another slide that makes the obvious point that the U.S. has 'barely recovered from a downturn,' with 'signs that it's headed for another.'"
I think you may be confused (Score:5, Informative)
I've not heard anyone say the US has recovered, what I've heard is that the recession is over and that is correct. A recession is a period where the economy shrinks. The US economy is no long shrinking, and has not been for some time now. However it has not been growing fast at all, and it shrunk quite a bit during the last recession, meaning that the economy is still quite far off its peak.
So it is not "recovered" as in back to or above its pre peak level, but it is no longer in a recession, though there is worry it could fall in to another one.
Um, there are lots of these (Score:4, Informative)
Re:Recovered? (Score:5, Informative)
Did Obama ever actually claim "the economy has recovered"?
Anyway, it's all about how you define "recovered" - some economists argued that the economy had "recovered" once it showed 3 months of consecutive growth. See this businessinsider article [businessinsider.com] for an example of that usage. The man on the street may well argue that "recovered" means the jobless % returns to previous levels, but others are arguing that may not happen at all in the "jobless recovery" [businessweek.com]. So, by what metric is "recovered" measured? Profitability? Employment? CEO salaries? Salaries for everyone else? Economic growth? Consumption? House sales? The deficit? And over what time period is this metric to be measured?
Re:Wage War in India (Score:2, Informative)
>> If only I didn't have kids I could be making 30% more than I am now.
And keeping 70% more of it!