March 31, 2004
Nobel Economist In Favor of Outsourcing
TechNewsWorld reports:
"A new study released this week by a Nobel Prize-winning economist dispels doubts raised by demagogic politicians on the campaign trail -- and in Congress -- about the impact of outsourcing on the U.S. economy, stating that outsourcing actually increases jobs and pay for IT workers.
"The report was released by the Information Technology Association of America (ITAA), a trade group located in Washington, D.C., and is titled 'The Impact of Offshore IT Software and Services Outsourcing on the U.S. Economy and the IT Industry.'
"'Global sourcing creates more jobs and higher real wages for American workers,' ITAA president Harris N. Miller told TechNewsWorld."
The data in the report, according to Miller, backs up his claim. Read more
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