Thursday, October 23, 2003

Third World Nation

Gentleman, I direct your attention toward the following.

Congress looks for ways to slow offshore hiring while America spirals downward.

"Thousands and thousands and thousands of white-collar jobs are going overseas, chasing the cheap dollar in India, China, Malaysia and the Philippines", Manzullo said. "That's the reason for this hearing, because of the incontrovertible evidence that the United States is on the verge of adopting the economies of Third World nations."

Does this sound serious enough for you, sirs? Of course nay sayers like to tout weak statistics on the strength of the U.S. job market, but they fail the larger picture of wage depreciation. From a global perspective, perhaps we should not be too upset. At least these other countries are advancing economically, which will strengthen our international alliances. Agree? And not to worry, all our I.T. workers can just become bankers (sic).

So do you imagine they found any of those "ways"? Myself, I would not place a bet on it.