SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.07-1.4%Nov 6 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RetiredNow who wrote (65313)3/21/2004 4:49:31 PM
From: Lizzie Tudor  Read Replies (3) of 77397
 
I've seen statistics, which show that offshoring is a miniscule component of the job loss

I have friends who spend half of their time in Bangalore. Our feeling is that there are about 600-700K formerly US jobs in Bangalore and probably another few hundred K in other areas like Mumbai or Pune. My sense is that US employers are hiring more workers in Bangalore to replace the one engineer they are replacing here. So probably 800K tech job losses in the US result in 1mm hires offshore, or thereabouts. Anyway in the high hundred K's of US jobs in india now, and just a guess but probably the same number in China. Then the residual support jobs added to support this new wealth, the secretarial staff, restaurants, retail workers etc. in India and China which are supported by these jobs. Add all this together and there are your 3 million job losses under Bush right there.

If you read carefully you will notice that the economists claiming offshoring is a *small number* of jobs (less than one million) are starting to back off. The reason is that as more and more Americans actually travel to bangalore and take a few pictures of the area, it is obvious that there is a massive displacement over there. Personally I am against this practice, I think it is a core IP giveaway benefitting the few and not "free trade" at all. But no matter now, there is no chance of fixing anything under Bush. I'm not happy with these markets, I also think its time for Greenie to step down.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News