March 30, 2004
New Outsourcing Report: American Jobs On the Way
The Taipei Times is running a story about a new report by the Information Technology Association of America. The report claims that although outsourcing has caused some American job losses, the numbers pale in comparison to those lost during the 2000 dot-com bust. Additionally, outsourcing is fueling economic growth and may actually result in net job growth.
"Greater profits theoretically allow companies to buy new equipment, build laboratories and conduct scientific experiments -- even in expensive Silicon Valley and other US tech hubs.
"Savings from outsourcing allowed companies to create 90,000 new jobs last year, with more than one in 10 of them in Silicon Valley or elsewhere in California, researchers said. The report predicts that in 2008, outsourcing will create 317,000 jobs -- 34,000 in California."
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