Saturday, August 20, 2005 7:10 AM
by
admin
You traitor...you took my $1 and gave me back $1.12!
How many times have you heard that offshore outsourcing is unpatriotic? (If you need a reminder, see "Benedict Arnold CEOs are shipping American jobs overseas"). Did you know that the McKinsey Global Institute reports that "for every $1 outsourced the United States gains between $1.12-$1.14."? If every American were that "unpatriotic", we wouldn't need patriots any more. But don't just take McKinsey's word for it. See what the stodgy but reliable U.S. Bureau of Labor statisitcs have to say about it, in my other blog entry about the IT employment rebound and the boom in new IT management jobs.
The old saying goes "What was old is new again". The blog quoted above puts the current situation into historical context quite well when it says, "Machine diggers took the jobs of workmen with spades. At the time, there were people who objected. ... Despite specific jobs being lost, the total number of jobs has increased."
(The original article being commented on is an article by Bruce Bartlett titled "How Outsourcing Creates Jobs for Americans" )