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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (147964)	10/16/2004 10:50:49 AM
From: Michael Watkins	Respond to of 281500

The outsourcing issue was brought to a boil by some politically inept comments of Gregory Mankiw, chairman of Bush's Council of Economic Advisers, to Congress. If a hospital, said Mankiw, can save money by sending X-rays to be read in India rather than Ohio, it's good economics. What Mankiw didn't say - and what made his statement so politically inept - was anything about those laid-off Ohio X-ray radiologists. According to George Jr., you'll retrain those already highly trained specialists. To do what? He doesn't say. Its "haaarrd!" According to a report by CIBC World Markets, new full time job-creation has been "concentrated mainly in low-paying industries such as hospitality, education and personal services. At the same time, high-paying sectors such as transportation, manufacturing, utilities and natural resources experienced net job loss." Perhaps the displaced highly trained radiologists, software developers, quality assurance staff, etc. from health care and information technology companies will be retrained as... Burger flippers in Boston? Limo drivers in Vegas? Maids in Manhattan? Seasonal labourers picking oranges in Florida? Barista in Seattle? George Jr. is just as out of touch with reality as George Sr. was, when he couldn't identify the current price of milk. (but I have more respect for George Sr. regardless)