Would John Kerry have done significantly more to protect jobs -- to the point where the government put roadblocks in the way of U.S. corporations seeking to transfer jobs across the ocean? Again, not likely. Kerry paid lip service to shore up support from organized labor but he wasn't going to do anything radical. The presidential campaign debate was defined … Read more
The local correspondent for Agence France Press quotes Amit Verma, an economist at the Confederation of Indian Industry, saying that Bush's "return to power would be good for India as he is for outsourcing to low-cost countries like India."
Business sentiment on the sub-continent notwithstanding, the votes of Indian Americans remain up for grabs … Read more
In a column urging Indian Americans to support George Bush, Wilson writes that "Indian Americans know the outsourcing issue is one that has been created by Democrats for political gain at their expense." Maybe Wilson really believes what he's saying. But the offshore outsourcing controversy, which predates the elections, actually has more to do with structural changes in the U.… Read more
News flash -- not.
Silicon Valley has long supported the Bush administration's argument that the free flow of labor and capital around the globe ultimately benefits the U.S. economy.
So it is that of the 300 businessmen responding to the poll, nearly 47 percent said a Bush victory would result in more U.S. companies moving jobs overseas. About 43 percent said a second Bush term would have no impact while approximately 11 per cent … Read more
The firm now requires all applicants to bring their parents to work with them for an introduction to the company. What with the upswing in jobs outsourced from the U.S., the Indian job market has been subject to increasingly high employee turnover. Sierra Atlantic says it took the step to increase worker retention.
Maybe it's not as daffy as it seems at first blush. Sierra Atlantic is hoping to influence parents, who have more sway over their childrens' career choices … Read more
When I recently called up my local DSL provider, there was no doubt about the location of the person at the other end of the line.
"Hello, this is Sam," a tech support guy told me with an accent that I was oh so familiar with from years dining in Indian restaurants.
If this guy's first name was Sam, then my first name is Ramesh. Of course I had been patched through to India. But so what? "Sam" helped me resolve my issue and I hung up a satisfied customer.
Now what if John Kerry … Read more
The new position paper contains a lot of Kerry's golden oldies about how to make sure more high-paying jobs don't wing their way to places like Bangalore, India. Kerry wants to expand the terms of the Trade Adjustment Assistance program, which … Read more
A number of prominent economists have defended "offshoring," but a veteran in the field has questioned their conclusion.
Paul A. Samuelson, professor emeritus at Massachusetts Institute of Technology and a winner of the Nobel prize in economics in 1970, recently published a paper arguing that free trade isn't always peachy for all. "Sometimes a productivity gain in one country can benefit that country alone, while permanently hurting the other country by reducing the gains from trade that are possible between the two countries," Samuelson wrote in the Journal of Economic Perspectives.
Samuelson's article counters … Read more
Not surprisingly, the political rhetoric surrounding foreign outsourcing has intensified in the final stretch of the presidential campaign. One of the more memorable anti-offshoring ads was a national radio spot that began airing this week from the Communications Workers of America, the telecom industry's largest labor union, against layoffs at AT&T.
"Hello, you've reached AT&T," the ad begins, parodying an AT&T voice recording. "To speak to someone in India, press 1. To speak to someone in Mexico, press 2. To speak to the Americans who used to have these … Read more