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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: kumar who wrote (36066)3/22/2004 3:18:59 PM
From: Ilaine  Read Replies (1) | Respond to of 793717
 
If you scroll down, there's a chart from the Wall Street Journal, but I have to link to Free Republic because WSJ is subscription only.
freerepublic.com

The biggest screams are about IT jobs going to India, and about H-1B jobs being taken by Indians. My guess is that because you're Indian and work in IT, you are exposed to more of the screaming.

Using common sense, if a US corporation manufactures goods offshore, and they are cheaper, then they can sell more goods in the US and elsewhere. So they need more sales staff, more support staff, more managers. Fewer blue collar workers lowers overhead, too, so they can do more R&D, hire more engineers. Makes sense, anyway.



To: kumar who wrote (36066)3/22/2004 3:21:32 PM
From: Elsewhere  Read Replies (1) | Respond to of 793717
 
Because if it is so, why all the noise about hi-tech jobs being offshored?

Insufficient knowledge. Any US dollar invested abroad creates on average about $1.12 value domestically and $0.33 abroad. These numbers are from a McKinsey study:
Offshoring: Is it a win-win game?
mckinsey.com
For Germany the ratio is negative: each euro invested abroad generates only 0.73 € domestically. [Sorry, can't find the source for this tidbit any more.]