An Independent Study on Offshoring IT? 642
vsprintf writes "What are the real effects of offshoring on the U.S. technology sector? Pick your economist on the subject. The Bush administration's Gregory Mankiw says it's all good, and exporting jobs is just a new way to do trade. In Congressional testimony, Ralph Gomory says a little bit is okay, but too much is bad, while Herman Daly says it's just plain bad. The ITAA's paid mouthpiece, Harris Miller, says it must be good because IT workers in India wear Nike tennis shoes. At last, it appears the IEEE-USA has persuaded Congress to pay for an independent study to determine how offshoring really affects U.S. IT."
Re:The race for the bottom (Score:4, Funny)
It all ends when the world abolishes money and robots perform all our manual labor! In the end we should all be better off :)
Gregory Mankiw? (Score:1, Funny)
Wrong Location.. (Score:1, Funny)
THE SKY IS FALLING!!!!! (Score:1, Funny)
Re:I'm confused (Score:2, Funny)
Obviously you must be thinking about a different bush! Our current presendent does not consider IT workers part of the working class, they are IT workers.
Watch President Bush school us on stupid things such as Sovereignty [about.com]
Re:Nike shoes (Score:5, Funny)
You're forgetting the basketball players and other sports-models paid millions to promote them. Thus there will be a cashflow into the US gold jewellery, steroids, cocaine, and call-girl industries.
Re:I wonder if they are considering the worst part (Score:3, Funny)
qualifications (Score:1, Funny)
It's really going to be a vicious cycle.. (Score:2, Funny)
First, corporations outsource, and locals loss jobs/move to poorly salaried jobs.
They will have less spending power, and hence only able to afford cheap china branded imports etc.
Local businesses still employing expensive americans in manufacturing etc feels the heat since they just can't compete, so either they will go bust or outsource too.
More jobless.
The cycle continues.
Finally, one fine day China can just openly declare "we are going to take over Taiwan, be it by peaceful means or by force!" and when the US president then tries to say something out of his ass, every equipment in the military fails! OMG! Apparently all the military stuff is made in China too!
And USA got PWNED!
Ok ok, seriously that wouldn't really happen, but if outsourcing goes on, a lot of social unrest can arrise in the states..
Re:I wonder if they are considering the worst part (Score:2, Funny)
I doubt china made nukes would work against china =)