Outsourcing still growing, study finds

[question everything]

Public pressure does little to stem job losses

By Dean Calbreath
STAFF WRITER
San Diego Union Tribune

May 23, 2004

(snip)

Despite the growing pressure, recent statistics show that U.S. companies are exporting jobs at an even faster pace than they have in the past. By the end of next year, 830,000 service jobs, representing $36.7 billion in wages and 1.6 percent of U.S. employment in the sector, will have moved offshore, according to a study released last week by Forrester Research, a major corporate study center.

Those figures, which do not include manufacturing jobs, reflect a 40 percent jump from Forrester's previous projection – made just 18 months ago – that 588,000 service jobs would be exported by the end of next year.

(snip)


Two out of three U.S. investors polled this month said they think outsourcing is "bad for the economy," according to the UBS/Gallup Index of Investor Optimism survey. Nearly a quarter of the respondents in the survey – adults with at least $10,000 of investable assets – said they were worried that they or someone in their household might lose a job because of offshoring. Vast majorities of the respondents thought that legislation could help slow the flow of outsourcing:

(snip)

So far, the Bush administration's chief response to the wave of outsourcing is to spend more money on vocational training, including $4 billion earmarked through the Workforce Investment Act... But critics say the jobs Bush wants to train workers for – computer, technical and math-related positions – are those most susceptible to being exported to foreign markets.

"This White House is clearly out of touch with America's work force," said Dawn Teo, public outreach director of Rescue American Jobs, a labor-backed organization that wants to slow outsourcing. "They're retraining workers who have held high-wage jobs to take low-wage jobs. And some of the workers are being trained to take jobs that may not even exist." Ironically, some of the people who are being told they need to be retrained to compete with workers overseas are the people who trained the foreign workers how to do the jobs in the first place.

(snip)


Dean Calbreath: [phone]; [email protected]


Find this article at:
http://www.signonsandiego.com/uniontrib/20040523/news_1b23offshore.html

[mhr]

1. Frodo, Frodo We Need To Update Your Charts Showing The Economy Is OK

This new information just can't be true; your charts wouldn't lie would they?

[Robert Oak]

2. Congress doesn't act....again

Gee, look at those poll numbers...

shouldn't congress represent the people and take action against the trading of Americans for cheaper foreign counterparts?

Oh wait, 80% of Americans didn't want the China PNTR, greater than 80% o
Americans want legislation to stop illegal immigration.

So congress does what? Oh yeah, represents the multi-national corporations and passes legislation against the American people's will
and what multi-nationals want.

We need to get our country back.