4.16.2004

Economist: The real threat of offshoring Silicon Valley-San Jose Business Journal (4/15)

"It's natural for 'back office' jobs to move overseas, just as factory jobs did before them, but the growth of research and development in emerging global centers like India and China has far greater implications for U.S. competitiveness than the movement of these jobs," Mr. Singh says. "What if U.S. companies, by pursuing short run cost advantages, are creating future competitors in knowledge and innovation?"

What if? Ripples folks, ripples. Unforseen consequences: short term gain, long term losses. You gotta think about the implications but more on that soon.

(Note: the emphasis is ours)

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