Indian prime minister: opposition to job outsourcing will hurt West

Yea, when I want to know about my bank deposits, I allways think about calling India. Nothing personel but can't this country generate some work from thier own people. Don't they have like 1.2 billion or something like that. Why the hell do they need to take jobs from US and others?

Posted on Sat, Nov. 29, 2003
Indian prime minister says opposition to job outsourcing will hurt West

http://www.bayarea.com/mld/mercurynews/news/7375962.htm
NEW DELHI (AP) - India's prime minister today said Western workers' opposition to the outsourcing of jobs to India will hurt their companies and their countries' economies.

Prime Minister Atal Bihari Vajpayee attributed the recent surge in outsourcing to visa restrictions blocking the movement of skilled workers to rich countries.

Companies in the United States and Europe are cutting costs by tapping cheap labor in India and other developing countries, particularly in software development and in so-called ``back office'' work such as the handling of customer calls and payroll processing.

Tens of thousands of technology jobs in Europe, mostly Britain, are moving overseas. In the United States the numbers are even bigger.

But Vajpayee said outsourcing means savings and profits for Western economies.

``The resultant boost to the balance sheets and dividend pay-outs are very much in these countries,'' Vajpayee said. ``The increased profits are also plowed back into these economies.''
(snip)

on edit: forgot the link, sorry

There used to be doctors on TV commercials for cigarettes that would say smoking is good for you because it reduced stress.

Does he really think Americans are going to take a stand against corporations and George W. Bush?

:(

Sorry, but they're getting well educated cheap labor, and in the case of technology/IT work, they are getting paid well by Indian standards as well...

Look, Vajpayee is trying to pitch outsourcing as "good for Americans". We know that's not quite the case, but stop blaming Indians for "taking your job". The Americans corporations are taking your job overseas! Bitch at them, not the foreign governments doing what they can do to improve the standards of living in their own respective nations!

Dammit, that's why so many people in the world don't care about Americans. It's such arrogance and a sense of entitlement.

by cutting exorbitant executive compensation packages to where they are in some reasonable relationship to workers - say a ratio of 1-to-100 between the lowest paid worker and the CEO (including things like the value of stock options and perks). And the Congress could tweak the tax laws so that corporations that deviated from that scheme paid a significantly higher rate in corporate taxes. That way, there would be that much more money to spend on retaining the jobs of productive workers here in America. And Congress could further impact corporations by forbidding any State or Federal contract to go to firms that did not meet specified targets with regard to ending the practice of outsourcing.

I'm all for economic development in India, and Indian corporations creating jobs for Indians. I'm less enthusiastic about American corporations exporting our jobs overseas so that that their corporate management and shareholders can become more wealthy while Federal and State governments have to deal with the problem of widespread unemployment, shrinking tax revenue bases, and the vexing social problems that accompany both. There is no free lunch - and the outsourcing of American jobs overseas may indeed be unpatriotic.

Prime Minister thinks. We aren't going to get stronger as a country until we can create jobs here to offset the outsourcing.

I'm all for giving incentives to large companies that remain exclusively in the U.S.A. I'm also for defining companies who go overseas as multi-national corporations and cutting off their ability to donate to political campaigns here in the U.S.

Please continue discussion within the original LBN thread on this topic, which can be found here:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=245509&mesg_id=245509

Thanks!
VolcanoJen
DU Moderator