Friday, May 09, 2008

Bank of America applies for patent for process that more effectively screws American workers

And I wonder what all the labor union retirement fund managers who own stock in BofA are going to think about this?

BofA has filed a patent application for a method of finding which country a client would benefit most to outsource workforce to. The patent application titled Country Assessment includes the descriptor:
"A typical American employee demands a high salary, good benefits, a good work environment, vacation time, and other job-related perks such as reimbursement for higher education. These job-related perks are expensive and may not be cost-effective for the business entity. A business entity is forced to commit significant resources to employ an American work force and may often find that the demands of American employees far exceed the allotted budget."
Of course, BofA is entitled to file a process patent application for a country selection algorithm (though why such algorithmic patents are permitted in the first place is beyond me). But, it is a little ironic they continue to call themselves "Bank of America" while they are in the business of making it easier for American businesses to find workers overseas who don't demand such things as "a good work environment, vacation time, and ... reimbursement for higher education."

Way to go BofA!

2 Comments:

Blogger Dr House said...

Americans could stop demanding the perks. Or take training to do another job that's not being outsourced. Or take one of the millions of jobs being insourced, which are growing 5.5% a year compared to the 1.5% a year outsourcing rate.

7:02 PM  
Blogger FamaSemperVivat said...

And who's going to pay for the training? The government? I really doubt that, and also why should they stop demanding, since it was on the American Worker's back the these big companies got started in the first place.

Just like eBay, whose turned it's back on those sellers that took a chance in it's beginnings, they've now screwed them over, seller's now can't truly make a living off of ebay anymore unless they're a big corporation like Dell.

9:01 PM  

Post a Comment

<< Home