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To: Skeeter Bug who wrote (159154)	8/30/2003 10:58:26 AM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 164684

All I'm saying Skeeter is that offshoring happened for a set of reasons that happened to coincide with a stock market bubble but my belief is that it didn't begin and end with that. You can even make a case that during the stock market bubble, there was so little desire to reign in costs that offshoring was postponed for awhile. It got us eventually though. This article says the y2K boom and Visas kindof ushered in offshoring. marketwatch.com BTW I am very aware of the pain this offshoring phenomenon has created. It has ruined my job, for one thing. There are definitely negative side effects to the US economy, AND things aren't quite as cheap as the CEOs think, because the extra management required on our side has to be accounted for- the hands on mgmt people who were the hardest to get even in the boom times, offshoring puts yet another strain on them. As for me, I'm not really rich anymore and despite the moaning and groaning you hear from people in SV about their jobs, the truth is most americans get a huge amt of their identity through work, it has always been this way, and this is not going to be a happy country if we turn into a leisure class of investors. Thats for France or Latin America, not here. In the 80s when we had the manufacturing offshoring 2 things held it in check- fear of IP theft and loss of proximity to the customer (the mgmt issue from above). We'll have to see if that holds true this time, if so we are going to get some of thsese jobs back. In the end though the fact is we are a country with only a few hundred million people and that just isn't enough to retain world economic leadership. This offshoring is a necessary evil imho.