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Outsourcing News
by Danny on March 1, 2006
And while Siems recognized the negative effects of outsourcing, he advised that it would be better to accept the challenge of competition and resist protectionism.
Siems said, "Indeed, the secret to faster growth and greater prosperity lies in allowing individuals and businesses to do what they do best -- and outsource the rest." He added that global outsourcing makes companies become more dynamic.
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Permalink: Fed: Outsourcing helps U.S. economy
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/16558
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Vote for Fed: Outsourcing helps U.S. economy:
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Rating: 1.44 out of 32 vote(s) cast.
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Response from:
Satish Bhardwaj
(03/10/06 6:43am)
It is a shame that US programmers are totally out of work. But businesses have to compete for the cost of goods sold. They won't be able to compete unless they reduce the cost of data processing. The workers in one fileld loose the jobs. But the cost of goods sold remains low and hence the inflation keeps under check. So it may be unpatriotic thing to do for the Feds to say Outsourcing is good for the Economy, but it is a very Sad Fact. It may not look like it but I'm US citizen.
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