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Saturday, February 21, 2004

The great hollowing-out myth on outsourcing by Economist

An extremely well analyzed perspective An extremely well analysed article - the article points out amongst other things three major issues - A. Perceived job loss in US is only cyclical and not structural. B. The jobs lost as a percentage is well below the accepted norm of 5% unemployment C. The potentail number of jobs is projected to be 3mn jobs - this is well below the job churn rate. Overall the process allocates resources—money and people—to where they can be most productive, helped by competition, including from outsourcing.
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Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld
"All views expressed are my personal views are not related in any way to my employer"