A new study released this week by a Nobel Prize-winning economist dispels doubts raised by demagogic politicians on the campaign trail — and in Congress — about the impact of outsourcing on the U.S. economy, stating that outsourcing actually increases jobs and pay for IT workers. The report was released by the Information Technology Association of America (ITAA), a trade group located in Washington, D.C., and is titled “The Impact of Offshore IT Software and Services Outsourcing on the U.S. Economy and the IT Industry.”
You have got to be kidding!!!!! According to the Economic Times, 650K people are currently employed in the IT and ITeS industries in India. This doesn't include the cost accountants,insurance, mortgage, financial services, paralegal etc. services. Get your facts straight. Outsourcing may be good for corporate America but it is not good for the American. I can't afford to pay my sales taxes on the average wage in China ($0.53/hr). Add in property taxes, income taxes, employment taxes (FICA, FUDA/SUDA, Business etc.), business taxes, excise taxes, gasoline taxes (at over $2.00 per gallon) and I don't stand a chance of competiting. All we are asking for is a level planning field. Our own government doesn't seem to be willing to understand this.
Incredibly stupid. Not surprising that some of the members of this trade group are companies like Microsoft who have invested heavily in outsourcing from India. It makes absolutely no sense at all how exporting software jobs can create more software jobs. They say more jobs are created, but they neglect to mention what kind of jobs! To be a seasoned software engineer takes years of study and experience. How can they create a new job that we can suddenly jump into with minimal training and expect to make a decent salary? Its impossible...and just another example of rich corporations distorting the truth. Its disgusting that you choose to write about this story in such a biased manner. The company I used to work at starting outsourcing, and guess what, as the economy gets better they hire more managers and executives...but not any more engineers. They don't need to. They hired 100 chinese engineers already. That company will soon have no engineers left here in california. Meanwhile fools like you continue to say its good for the economy.
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Nobel Economist Praises IT Outsourcing
Posted by: Gene J. Koprowski March 31, 2004 02:44 PMA new study released this week by a Nobel Prize-winning economist dispels doubts raised by demagogic politicians on the campaign trail — and in Congress — about the impact of outsourcing on the U.S. economy, stating that outsourcing actually increases jobs and pay for IT workers. The report was released by the Information Technology Association of America (ITAA), a trade group located in Washington, D.C., and is titled “The Impact of Offshore IT Software and Services Outsourcing on the U.S. Economy and the IT Industry.”
All we are asking for is a level planning field.
Our own government doesn't seem to be willing to understand this.
It makes absolutely no sense at all how exporting software jobs can create more software jobs. They say more jobs are created, but they neglect to mention what kind of jobs!
To be a seasoned software engineer takes years of study and experience. How can they create a new job that we can suddenly jump into with minimal training and expect to make a decent salary?
Its impossible...and just another example of rich corporations distorting the truth.
Its disgusting that you choose to write about this story in such a biased manner.
The company I used to work at starting outsourcing, and guess what, as the economy gets better they hire more managers and executives...but not any more engineers. They don't need to. They hired 100 chinese engineers already. That company will soon have no engineers left here in california. Meanwhile fools like you continue to say its good for the economy.