Note to America: Outsourcing Jobs is good for you...
New Delhi -- Secretary of State Colin Powell, encountering the other side of a tempestuous debate in the United States, sought to assure Indians that the Bush administration would not try to halt the outsourcing of high-technology jobs to their country.
In a round of conversations with Indian leaders and college students on Tuesday, Powell found that the issue of the transfer of American jobs to India is as emotional in India as in the United States. But whereas American politicians have deplored the loss of such jobs, it is clear that the anxiety in India focuses on threats by some in Congress to try to stop the transfer by legislation.
In February, Gregory Mankiw, chairman of the White House Council of Economic Advisers, stirred a political outcry when he called the outsourcing of jobs a long-term benefit for the economy. While Powell said on Tuesday that "it is the reality of 21st century economics that these kinds of dislocations will take place," he was quick to add that the Bush administration would work to train people for new jobs.
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PHEW!!! I was getting worried for a minute that we would try to stop outsourcing our jobs and start to rebuild industry here in the U.S. with economic policies centered upon the creation of jobs in America. :shock:
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