Wednesday, February 4, 2009

Losing our high paying jobs?

I have something to add to my previous post.

Not only will executives leave the public financial industry due to these wage caps, many will move overseas where they can work at Swiss, Japanese, Chinese, or tax-haven banks at much higher wages.

President Obama wants to save the taxpayers a few dollars, though the salaries of these executives are nothing compared to the two trillion dollar deficit he is creating. But the costs will outweight the benefit as these high paying jobs move overseas.