jake on 2004.02.23
at 04:26 pm
Cnet makes a few points about outsourcing IT jobs. Basically that it's not all bad.
Consider what would happen if Congress restricted companies from shifting jobs overseas. Because rivals in Europe, Japan and Korea could employ cheaper workers in developing nations, they'd have a leg up on U.S. firms. Foreign investors would recognize that rising protectionism makes U.S. companies less competitive and would choose to take their yen and euros elsewhere, driving down the U.S. stock market, shrinking available capital, and eventually leading to more unemployment than if Congress had done nothing.
I just keep thinking, there's got to be more to all of this than the paranoia. I'm pretty much sick of all the pompous thoughts surrounding this issue.
Posted in: Politics · Technology
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