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 : Applied Materials No-Politics Thread (AMAT)
AMAT 226.05+1.3%Nov 14 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cary Salsberg who wrote (10341)6/11/2004 11:51:52 AM
From: Sam Citron  Read Replies (1) of 25522
 
The article in Money indicated that the statistics were incomplete.

"Incomplete" puts it mildly. Flawed comes to mind. It should be used in the next edition of "How to Lie with Statistics".

At least BLS' program manager is quite candid about some of the defects of the survey. Siegel said his survey would not indicate if an employer is setting up an overseas unit, then slowly cutting the domestic work through attrition or layoffs of less than 50 people at a time. It also wouldn't indicate if a company stops using a U.S. contractor for a service or product and starts using an overseas contractor instead. "If they (the U.S. contractor) lay off people because of that, I wouldn't pick that because they're not the ones shifting work," he said. [emphasis mine]http://money.cnn.com/2004/06/10/news/economy/jobless_outsourcing/index.htm

In fact, that is the normal progression with offshoring.

Even if you were to accept the finding that mass layoffs from work going offshore resulted in just 2.5% of total layoffs in quarter, the survey results were not even crosstabulated to the extent of revealing any quantitative or qualitative measure of the specific jobs that were lost, the lost wages, or the importance of these jobs to the overall economy.

Perhaps if the survey had been outsourced to India, it might have been far more thorough and been done at less cost.

But don't take my word for it. You be the judge. Here's the report: bls.gov

Sam
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