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To: steve dietrich who wrote (530543)	1/27/2004 12:47:06 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 769667

well isn't that interesting, finally somebody (besides Roach) "gets it". In my case I happened to watch Applied Materials engage in this entire offshoring exercise- they gutted their workforce and replaced it with consultants from Satyam in india, where the workers were on the whole, less prepared and less technically adept and less productive than US workers. But because they are so cheap, Applied just throws more bodies at any rough patches. None of this should result in a "productivity increase" for Applied Materials. And yet it does, because Applied's remaining 20% of the former workforce get all the credit for the offshore work. Bad statistics that need to be reworked and explained imho. GDP- same thing. The only report that is worth anything is the monthly new jobs created. That is telling the truth, at least in what it is supposed to represent. The problem is we don't get to see how much of the growth is low wage service vs. professional.