June 27, 2003

Offshore High-tech

As long as I'm talking about labor issues, at the 2003 Outsourcing Conference (man, the name itself offends me), a group of high-tech workers (some with advanced degrees) picketed to protest the loss of jobs to places like India. I can't vouch for the accuracy of these data, but:

A recent study by Forrester Research Inc. estimated that by 2015, 3.36 million jobs, worth about $136 billion annually in wages, will have moved offshore as U.S. employers look for ways to reduce salary costs and office rents.
Oh, and check this out: Proponents say "as American companies grow stronger, profits will trickle down (that phrase again) to create new jobs in this country at everything from restaurants to car dealerships to universities." Good; instead of manufacturing and IT jobs, we'll get more bus-help, commission-only auto salespeople, and what, college professors? Why would college professorships be created through strengthening American companies? Will there be a dramatic increase in endowed chairs? Do these guys really believe this kind of nonsense?

Posted by Linkmeister at June 27, 2003 04:30 PM
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