Sunday, March 14, 2004

I just saw a kid from South Bend, IN

win $10,000 on America's Funniest Videos.

But that's not what I came here for. The Mises Blog points out this story from the Asia Times:

South Asia

Anti-outsourcing cry unnerves corporate giants
By Indrajit Basu

KOLKATA - The issue of outsourcing and the resulting political backlash found its way into the corporate boardrooms of global giants, perhaps for the first time, as chief executive officers of top multinational companies including General Electric (GE) and Gillette spent the week discussing the backlash as a risk factor and its impact on their businesses. And worse, for top Indian software companies in the United States, the backlash is increasingly turning explosive. Until now, the outsourcing row has only been a political issue in the run-up to the US presidential elections.
GE also feels that globalization could lead to a loss of jobs in low-tech industries but that it will create jobs in high-tech ones too. According to the company, by centralizing its operations and leveraging low-cost operating centers in the US states of Virginia and North Carolina as well as in India and Ireland, "GE has also developed sophisticated technological tools that enhance performance by automating key processes and reducing response times and process variations."

Virginia and North Carolina? You got a problem with that? How come I haven't heard New York City bitching about losing its central position in the North American economy over the last 100 years. The world economy is just growing. Economic growth is proven to be the best alleviator of, not just poverty but also pollution and overpopulation. Increased controls by government just freeze the status quo. [It's not just Democrats. Notice Minnesota Republican Norm Coleman's name down the page.]

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