Exporting Service Sector Jobs

[Connie Clark]

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A downward pressure on white-collar jobs, has got to result in deflation. NYTs article below about IBM moving jobs overseas.
 
"At a Congressional hearing on June 18, Bruce P. Mehlman, the Commerce Department's assistant secretary for technology policy, said, "Many observers are pessimistic about the impact of offshore I.T. service work at a time when American I.T. workers are having more difficulty finding employment, creating personal hardships and increasing demands on our safety nets."
Forrester Research, a high-technology consulting group, estimates that the number of service sector jobs newly located overseas, many of them tied to the information technology industry, will climb to 3.3 million in 2015 from about 400,000 this year. This shift of 3 million jobs represents about 2 percent of all American jobs.

 
http://www.nytimes.com/2003/07/22/technology/22JOBS.html?hp


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<DIV>A downward pressure on white-collar jobs, has got to result in deflation. NYTs article below about IBM moving jobs overseas.</DIV>
<DIV>&nbsp;</DIV>
<DIV>"<FONT size=3><FONT face="Arial Unicode MS">At a Congressional hearing on June 18, Bruce P. Mehlman, the Commerce Department's assistant secretary for technology policy, said, "Many observers are pessimistic about the impact of offshore I.T. service work at a time when American I.T. workers are having more difficulty finding employment, creating personal hardships and increasing demands on our safety nets."<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></FONT></FONT>
<P><A href="http://www.nytimes.com/redirect/marketwatch/redirect.ctx?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp&amp;symb=FORR"><FONT face="Arial Unicode MS" color=#000066 size=3>Forrester Research</FONT></A><FONT size=3><FONT face="Arial Unicode MS">, a high-technology consulting group, estimates that the number of service sector jobs newly located overseas, many of them tied to the information technology industry, will climb to 3.3 million in 2015 from about 400,000 this year. This shift of 3 million jobs represents about 2 percent of all American jobs.<o:p></o:p></FONT></FONT></P></DIV>
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<DIV><A href="http://www.nytimes.com/2003/07/22/technology/22JOBS.html?hp">http://www.nytimes.com/2003/07/22/technology/22JOBS.html?hp</A></DIV><p><hr SIZE=1>
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