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Outsourcing As A Source Of U.S. Jobs

Posted by timothy on from the what-do-embargos-do dept.

An anonymous reader writes "The Economic Times, India's leading financial newspaper, reports that Diana Farrell, Director, McKinsey Global Institute during her speech at Nasscom 2004 said that Bureau of Labour Statistics is predicting a job gain of 22m in the US by 2010, against a job loss of 2m, due to offshoring. You can read the full article here."

2 of 948 comments (clear)

  1. Re:Some more statistics on the subject by Monkelectric · · Score: 5, Informative

    and they dont count underemployment. I know alot of engineers who are flipping burgers and selling stereos burdened by student loans (which survive bankrupcy!).

    --

    Religion is a gateway psychosis. -- Dave Foley

  2. Re:Some more statistics on the subject by gurustu · · Score: 5, Informative
    And still more :
    • In the last three months, more than 40 percent of the unemployed have been out of work more than 15 weeks. That's the worst number since 1983.
    • According to the monthly payroll survey for January, jobs rose by 112,000. Before you start cheering, that doesn't actually keep up with population growth.
    • Since the recovery officially began in November 2001, employment has actually fallen by half a percent, while the working-age population has increased about 2.4 percent.
    All of these facts (with more available) come from Paul Krugman's editorial in the NYT today. His column should be required reading for anybody who wants to talk about the economy.