Thursday, February 03, 2005

McKinsey: Dont blame trade/offshoring for US job losses

February 3rd

http://www.mckinseyquarterly.com/article_page.aspx?ar=1559&L2=19&L3=67&srid=17&gp=0

(registration required, but it's worth it).

this is an important and useful article to fend off the allegations that offshoring is causing current US job woes. according to them, no more than 90,000 jobs a year have been lost due to outsourcing to india, which pales even in comparison with the 300,000+ NET service jobs created every year.

similarly, they claim manufacturing job losses are due to the loss of US competitiveness, principally because of the overvalued dollar.

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