3.19.2004

Offshoring poses 'serious challenge to US leadership' Silicon.com (3/19)

"A major association of technical professionals believes that the outsourcing of high-wage jobs to low-wage countries poses a serious, long-term challenge to the United States' technological leadership, economic vitality and military security."

Oh, that sounds bad.

IEEE-USA, the US wing of the Institute of Electrical and Electronics Engineers, said Thursday that the 'offshoring' trend also contributes to high unemployment among US techies."

Uh, we kinda already figured that one out for ourselves, but thanks for backing us up!

"So-called offshoring has become a hot election issue, as white-collar workers - including computer programmers - worry that their jobs may be shipped to low-wage countries such as India and China. In a November 2002 report, Forrester Research predicted that 3.3 million US service jobs will move offshore by 2015."

Plus, did you here the 8 cast members of the 'The Real World: Philadelphia' are out of work too! Doesn't anyone care about them? You don't think they're about to roll out 'The Real World: Bangalore' do you?

"Industry leaders and some economists have defended the flow of high-tech work abroad, arguing that it leads to more competitive US companies and ultimately creates jobs here. N. Gregory Mankiw, chairman of President Bush's Council of Economic Advisers, backed offshore outsourcing in a recent report. "When a good or service is produced more cheaply abroad, it makes more sense to import it than to make or provide it domestically," Mankiw wrote."

They left out the next sentence: "This means an increase in profits and an increase in the values of stocks, sure a few will lose their jobs but they're probably Democrats and if you're not with us you're only helping the terrorists!" Oh, we can't wait to 'outsource' these guys...

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