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Labor Department Downplays Offshoring

Posted by michael on 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."

5 of 849 comments (clear)

  1. No way by Anonymous Coward · · Score: 3, Funny

    Dey took arr jabs!

  2. A telephone call for comment by Anonymous Coward · · Score: 3, Funny


    was answered by Sanjay Patel, who couldnt comment as his superiour had popped down the shops in Delhi for a curry

  3. well by Anonymous Coward · · Score: 4, Funny

    I have to reply as an Anonymous Coward b/c my indian replacement took my slashdot account!

  4. Re:I am optimistic... by EricWright · · Score: 2, Funny
    Vote Bush/Cheney in '84 and you too can be optimistic and believe in the people of America!

    I don't know about you, but I'll probably be dead in 80 years... I'm betting Bush and Cheney will be, too!

  5. Re:My job has not been shipped offshore by Grishnakh · · Score: 2, Funny

    there is no safe place to hide from economic crap.

    There's always crime...