Labor Department Downplays Offshoring

Posted by michael on Friday June 11, 2004 @01:35AM from the if-we-don't-see-it-it-isn't-happening dept.

twitter writes "The New York Times is reporting the US Labor Department's first assessment of International Offshoring. The report claims that less than 3% of Q1 2004 jobs were lost to offshoring. Companies were asked if workers had been replaced and taken at their word. A Federal Reserve governor is also quoted as dissmissive. Estimates by Goldman Sachs are 20 times higher. Despite Washington's IP fetish, no one quoted is worried about the export of US research and knowhow. Your job and 830,000 others are gone."

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Re:My job has not been shipped offshore by Skip666Kent · 2004-06-11 03:22 · Score: 1, Flamebait

As an outsider looking in, it is really sad to see a formerly great country sinking so low.

Funny. That's how I feel when I look at places like France, where the 'world's greatest healthcare system' can't even handle a heatwave without a body-count in the 1,000's, and who jumps into bed with dictator's to try and save their failing socialist economy at the expense of others.

Oh well. It's not my fault!

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**>>BELCH