Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (12464)	12/7/2003 9:49:46 PM
From: Sam Citron	Respond to of 12475

Who Wins and Who Loses as Jobs Move Overseas? nytimes.com excerpt: The outsourcing of jobs to China and India is not new, but lately it has earned a chilling new adjective: professional. Advances in communications technology have enabled white-collar jobs to be shipped from the United States and Europe as never before, and the outcry from workers who once considered themselves invulnerable is creating a potent political force. ... MR. ROACH A pickup in productivity does not have to be accompanied by sluggish employment. There are countless examples, like the 1960's and again the 1990's, of rapid productivity growth accompanied by rapid employment. The point is that the relationship between aggregate demand and employment growth looks to me as if it has broken down. That breakdown reflects not just the rapid growth and maturation of outsourcing platforms in places like China and India, but also the accelerated pace by which these platforms can now be connected to the developed world through the Internet. These are brand-new developments. This is a huge challenge for service-based economies, like the United States.