Report: Is Offshoring Overrated?

According to a new report by the Labor Department offshoring is not as widespread as people think. The New York Times article takes a good look at the statistics behind the report. I saw this article again on MSN/Money and made for quite a lengthy discussion on Slashdot.com.

"...the new data covers layoffs only at companies employing at least 50 workers where at least 50 filed for unemployment insurance and the layoffs lasted more than 30 days. Even more important, the report does not account for jobs created by American companies overseas that did not involve a direct layoff in the United States."

"In a speech last March, Ben S. Bernanke, a Federal Reserve governor, noted that estimates of jobs lost to outsourcing were quite small compared with the 15 million jobs lost every year for all reasons."

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