| Topic: |
Politics > Politics-USA |
| User: |
"NotBush2004" |
| Date: |
30 Dec 2003 09:14:57 PM |
| Object: |
The fruit doesn't fall far from the Bush. |
More stealth as outsourcing picks up speed
Reuters
December 29, 2003
US corporates are shifting more jobs abroad but attempting to keep the
practice quiet, according to analysts
US corporations are picking up the pace in shifting well-paid technology
jobs to India, China and other low-cost centres, but they are keeping quiet
for fear of a backlash, industry professionals said.
Morgan Stanley estimates the number of US jobs outsourced to India will
double to about 150,000 in the next three years. Analysts predict as many as
2 million US white-collar jobs such as those filled by programmers, software
engineers and applications designers will shift to low-cost centres by 2014.
But the biggest companies looking to "offshoring" to cut costs, such as
Microsoft, IBM and AT&T Wireless, are reluctant to attract attention for
political reasons, observers said this week.
"The problem is that companies aren't sure if it's politically correct to
talk about it," said Jack Trout, a principal of Trout & Partners, a
marketing and strategy firm. "Nobody has come up with a way to spin it in a
positive way."
This causes a problem for publicly traded companies, which would ordinarily
brag about cost savings to investors. Instead, they send vague signals that
they are opening up operations in India and China, but often decline to
elaborate.
Moreover, on the threshold of a US presidential election year, job losses
are a hot-button issue. A company that highlighted a major job transfer
could wind up in the campaign debate.
Multinationals find that when they trumpet expansion overseas, they cause
problems at home. When Accenture executives in India this month announced
plans to double their staff to 10,000 next year, they triggered a flood of
calls to the company's US offices about US job losses.
Offshoring companies "are paying Chinese wages and selling at US prices,"
said Alan Tonelson, of the US Business and Industrial Council, a trade group
for small business. "They're not creating better living standards for
America."
The US sales director for one of India's top computer services providers
said his company has won business from customers such as Walt Disney, Time
Warner's CNN and the Fox division of News Corporation -- none of which wants
public disclosure.
In India, some technology companies have recently adopted lower profiles.
Microsoft has been removing its name from minibuses used to ferry engineers
on overnight shifts. Major Indian beneficiaries of US business such as
Infosys Technologies, Wipro and Satyam Computer Services have stopped
identifying new customers.
While there have been reports that IBM intends to ship 4,700 high-end jobs
to India and China next year, they mark a rare instance when figures "have
been reported in black and white," said Linda Guyer, president of
Alliance+IBM, a union that has tried to organise IBM employees.
Those numbers were not released by IBM, but rather disclosed by The Wall
Street Journal, which had obtained an internal memo. The company has
declined to comment.
Guyer believes as many as 40,000 of IBM's 160,000 US jobs will be
transferred overseas by 2005, a figure that she says was gathered from phone
calls by IBM employees.
Previously, IBM has pointed to a report by the McKinsey Global Institute
that concludes the US economy ultimately will benefit. The report was
commissioned by Nasscom, a group made up of Indian tech companies as well as
IBM's Indian services unit -- showing an effort by those invested in
offshoring to sway public opinion.
Recently, AT&T Wireless told the US Securities and Exchange Commission that
it would lay off 1,900 employees this year. Communications Workers of
America members obtained an internal memo prepared by Tata Consultancy
Services of India that discussed how it would assume those US jobs.
Subsequently, AT&T Wireless officials acknowledged it was exploring the job
shifts but didn't offer details.
While some companies, such as Electronic Data Systems, CAP Gemini Ernst &
Young and Sapient, acknowledge they shift jobs abroad to exploit cost
advantages and around-the-clock work, IBM asserts that it is not moving jobs
but creating new ones.
"It's a business strategy, period. You cut costs. You revamp. You look at
what your mission statement says and try to turn a profit," said Sylvia
Thomas, who was laid off by chipmaker Agere Systems after declining offers
to relocate to headquarters in Allentown, Pennsylvania -- or to Singapore.
http://news.zdnet.co.uk/business/employment/0,39020648,39118809,00.htm
--
Bush's $10 Trillion Borrowing Binge
New projections from the Congressional Budget Office indicate that
continuation of President Bush's budget policies will triple the national
debt by the end of fiscal 2013. Left unchecked, Bush's reckless approach to
fiscal policy will saddle our children with an additional $10 trillion in
debt just ten years from now.
http://www.ctj.org/pdf/binge03.pdf
.
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| User: "Werner Hetzner" |
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| Title: Re: The fruit doesn't fall far from the Bush. |
30 Dec 2003 10:03:30 PM |
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NotBush2004 wrote:
More stealth as outsourcing picks up speed
Reuters
December 29, 2003
US corporates are shifting more jobs abroad but attempting to keep the
practice quiet, according to analysts
US corporations are picking up the pace in shifting well-paid technology
jobs to India, China and other low-cost centres, but they are keeping quiet
for fear of a backlash, industry professionals said.
It's probably because they want to escape the oppression. They are
voting with their feet just as most people do when they have a choice.
...
Multinationals find that when they trumpet expansion overseas, they cause
problems at home. When Accenture executives in India this month announced
plans to double their staff to 10,000 next year, they triggered a flood of
calls to the company's US offices about US job losses.
Offshoring companies "are paying Chinese wages and selling at US prices,"
said Alan Tonelson, of the US Business and Industrial Council, a trade group
for small business. "They're not creating better living standards for
America."
They wont be creating better living standards for America by going
bankrupt here either.
...
"It's a business strategy, period. You cut costs. You revamp. You look at
what your mission statement says and try to turn a profit," said Sylvia
Thomas, who was laid off by chipmaker Agere Systems after declining offers
to relocate to headquarters in Allentown, Pennsylvania -- or to Singapore.
Do your expect them to operate at a loss?
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| User: "NotBush2004" |
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| Title: Re: The fruit doesn't fall far from the Bush. |
30 Dec 2003 10:15:46 PM |
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"Werner Hetzner" <whetzner@mac.com> wrote in message
news:3FF24A92.7030202@mac.com...
NotBush2004 wrote:
More stealth as outsourcing picks up speed
Reuters
December 29, 2003
US corporates are shifting more jobs abroad but attempting to keep the
practice quiet, according to analysts
US corporations are picking up the pace in shifting well-paid technology
jobs to India, China and other low-cost centres, but they are keeping
quiet
for fear of a backlash, industry professionals said.
It's probably because they want to escape the oppression. They are
voting with their feet just as most people do when they have a choice.
It's greed, plain and simple. It's the management of these corporations
cutting costs to maximize profits. You notice it wasn't a problem with
Clinton, in fact we were having a hard time finding enough workers.
...
Multinationals find that when they trumpet expansion overseas, they cause
problems at home. When Accenture executives in India this month announced
plans to double their staff to 10,000 next year, they triggered a flood
of
calls to the company's US offices about US job losses.
Offshoring companies "are paying Chinese wages and selling at US prices,"
said Alan Tonelson, of the US Business and Industrial Council, a trade
group
for small business. "They're not creating better living standards for
America."
They wont be creating better living standards for America by going
bankrupt here either.
Keep lying to yourself Werner and you might believe it someday.
...
"It's a business strategy, period. You cut costs. You revamp. You look at
what your mission statement says and try to turn a profit," said Sylvia
Thomas, who was laid off by chipmaker Agere Systems after declining
offers
to relocate to headquarters in Allentown, Pennsylvania -- or to
Singapore.
Do your expect them to operate at a loss?
I expect them to take care of the people who helped them build their
companies. I expect them to act like Americans and patriots, not greedy
fools.
--
Bush's $10 Trillion Borrowing Binge
New projections from the Congressional Budget Office indicate that
continuation of President Bush's budget policies will triple the national
debt by the end of fiscal 2013. Left unchecked, Bush's reckless approach to
fiscal policy will saddle our children with an additional $10 trillion in
debt just ten years from now.
http://www.ctj.org/pdf/binge03.pdf
.
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| User: "Bob" |
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| Title: Re: The fruit doesn't fall far from the Bush. |
30 Dec 2003 10:32:20 PM |
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"NotBush2004" <notbush@whitehouse.gov> wrote in
message
news:c4eca989f9153fc3c4b78eb8b79f9dc0@news.teranews.com...
It's greed, plain and simple. It's the
management of these corporations
cutting costs to maximize profits. You notice it
wasn't a problem with
Clinton, in fact we were having a hard time
finding enough workers.
Perhaps you can clear up a mystery for me. Exactly
what did Clinton do to help the economy while he
was president, and what was the affect of each
action?
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| User: "Werner Hetzner" |
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| Title: Re: The fruit doesn't fall far from the Bush. |
31 Dec 2003 09:19:22 AM |
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NotBush2004 wrote:
"Werner Hetzner" <whetzner@mac.com> wrote in message
news:3FF24A92.7030202@mac.com...
...
It's probably because they want to escape the oppression. They are
voting with their feet just as most people do when they have a choice.
It's greed, plain and simple. It's the management of these corporations
cutting costs to maximize profits. You notice it wasn't a problem with
Clinton, in fact we were having a hard time finding enough workers.
When was the last time you volunteered to work for less pay?
Self interest makes the world go round. Self interest makes you go to
work. Self interest made capitalists invest in factories and workers
accept jobs in their factories. Self interest drives nearly everything.
It is a universal inspiration. Self interest causes many to vote for
Social Security, more Social Security, spending Social Security Trust
fund money on more and more benefits. Self interest causes most people
to work, attempt to get more wages, more benefits, better jobs, agree to
overtime pay and on an on.
I tried to point out that voting with you feet to escape oppression is
nothing new. People moved from Europe and Asia to the USA because it was
in their interest to do so. To escape local labor laws factories moved
from the North to the South. Workers moved from farms to work in those
factories because of greed. They wanted the better life those factory
jobs offered.
...
They wont be creating better living standards for America by going
bankrupt here either.
Keep lying to yourself Werner and you might believe it someday.
I live in a place in NY that was once the cutting edge of technology
and production. Then the unions came and the factories left or went
bankrupt.
...
Do your expect them to operate at a loss?
I expect them to take care of the people who helped them build their
companies. I expect them to act like Americans and patriots, not greedy
fools.
The people who were helped by the companies jobs did not care about the
companies that hired them or the companies' customers who preferred to
pay less than more for products just like they preferred to get more
wages and benefits rather than less.
I think you want the same.
.
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