Chamber of Commerce CEO backs outsourcing stop whining American
That's the talking points coming from the Indian punditocracy. There was this kind of talk going on in North...
Can you believe the gaul of this guy.
US Chamber of Commerce CEO backs outsourcing Friday, July 2 2004 10:50 Hrs (IST)
San Francisco: US Chamber of Commerce president and CEO Thomas Donohue is promoting overseas outsourcing of jobs to countries like India as a way to boost the economy and even increase employment, a stance that rankles jobless white-collar workers, particularly in the flagging technology industry.
Donohue, speaking last night to the Commonwealth Club of California, said he believes exporting high-paid tech jobs to low-cost countries such as India, China and Russia saves companies money that they may used to create new jobs for Americans.
CEOs from Wall Street to Silicon Valley have embraced the theory, and the pace of offshoring has shocked statisticians and economists.
In early June, the Bureau of Labour Statistics downwardly revised projections for white-collar job growth for 2002-2012, based on accelerated job migration. The agency reported that seven of the 10 occupations expected to gain the most ground are low-wage occupations that do not require a college degree.
Rick, Let's be honest, Clinton never balanced any budget. Every single year he was president the national debt increased. That's not a balanced...
Donohue acknowledged the pain for people who have lost jobs to offshoring, an estimated 250,000 a year, according to Government estimates. But pockets of unemployment shouldn't lead to "anecdotal politics and policies", he said, and people affected by offshoring should "stop whining". "One job sent overseas, if it happens to be my job, is one too many," Donohue said. "But the benefits of offshoring jobs outweigh the cost."
Technology consulting firm Gartner estimates that 10 per cent of computer services and software jobs will be moved overseas by the end of this year. The job outlook in the San Francisco Bay Area, home to legions of unemployed programmers since the dot-com bust of 2000, is particularly bleak.
Nearly 31 per cent of local workers are worried about losing their jobs, compared to 18 per cent for the nation, according to a survey released by staffing firm Hudson Highland Group.
NEW DELHI: If you thought the outsourcing debate had become pbutte in the US after George Bush returned to the White House, think again. Outsourcing or offshoring is back, and how. And...
Although call centre jobs have been migrating to the Philippines and Malaysia since the 1990s, in the past two years cash-strapped companies have exported high-paying jobs in research and development, software engineering, chip design and biotechnology start-ups.
Most of those jobs have gone to India and China, where hundreds of thousands of engineers graduate each year. General Electric, which offshore about 70 per cent of its technology work, designs medical equipment in its Chinese research center and studies nanotechnology at a lab in India.
Motorola is hiring 5,000 researchers for a global research and development centre in Beijing, while Intel employs hundreds of researchers at its Russia Software Development Center in Nizhny Novgorod.
The Chamber of Commerce, which represents three million businesses, champions tax cuts, free trade and more liberal trade deals with China, and Donohue, 66, likes to say that "business should stop apologising" for perceived abuses.
Alt Computer Consultants from Newsgroups