Almost half of the IT execs responding to a new Meta survey expect offshoring to increase if George Bush wins reelection as President.
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 said there likely would be less offshore outsourcing.
In the waning days of the campaign, this is the sort of niche issue that is simply catnip for voters in states that have lost lots of jobs the last four years. But Presidential politics aside, both Bush and John Kerry understand that offshore outsourcing is part of a more fundamental structural evolution in the U.S. economy.