Thursday, November 13, 2003
The Wall Street Journal ran an article today called "India Aims to Calm US Outsourcing Fears" on page A4. Given the furor over the loss of high-tech jobs (i.e. computer software engineering positions) to India, the Indian government is paying US lobbyists to argue that outsourcing to India is a positive for the US economy. The article states that Indian government is attempting to counter US fears via declaring that "sending some jobs oversears more than repays the US with lower prices for imported goods, expanded markets for US products and fatter profits that US companies can plow back into more-innovative businesses."
Ha!
1. Who benefits from lower priced imports if they are unemployed or have taken a lower-paying job.
2. Since we are outsourcing our manufacturing and service capabilities to international countries, we will have nothing to sell into these supposedly "expanded markets".
3. The fatter profits may go to boost the pay for our over-compensated CEOs or to expand businesses in overseas markets but it is unlikely to boost jobs or wages in the US for the average man or woman.
Write your Congressman or Senator to complain about the outsourcing of blue and white collar jobs to foreign countries. See the links to the right of this page (under Speak Out!).
Ha!
1. Who benefits from lower priced imports if they are unemployed or have taken a lower-paying job.
2. Since we are outsourcing our manufacturing and service capabilities to international countries, we will have nothing to sell into these supposedly "expanded markets".
3. The fatter profits may go to boost the pay for our over-compensated CEOs or to expand businesses in overseas markets but it is unlikely to boost jobs or wages in the US for the average man or woman.
Write your Congressman or Senator to complain about the outsourcing of blue and white collar jobs to foreign countries. See the links to the right of this page (under Speak Out!).
