Outsourcing to add 22 mn US jobs [View All]

[kalian]

http://economictimes.indiatimes.com/articleshow/msid-478100,curpg-1.cms

MUMBAI: On Day 1 of Nasscom ’04, speakers tackled the issue of outsourcing and how politically sensitive it has become in the US, because jobs are moving out of that country. But speakers from the US, including analysts, CEOs and researchers, all said they believed outsourcing was here to stay and that going offshore was the only way companies stay competitive.


Diana Farrell, director, McKinsey Global Institute, said, “People in the US are looking at it as a job issue. They are not economists and therefore, they don’t necessarily see the whole picture. What’s going to happen is that offshoring is actually going to benefit US businesses even more than India.” She said it was a profoundly new way of doing things and would change the structure of organisations. Offshore was about global wealth creation and integrating economies, she explained, adding that it would create more high-value jobs in the US than people could imagine today.

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Considering the news source...I find this reasoning HIGHLY suspect.