Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
RE:Outsourcing helps the US
by Natarajan Vijay on Jul 10, 2007 02:32 AM

The GDP of the US in 2002 was 10 trillion dollars. Now it is nearly 13 trillion dollars. Information technology accounted for 476 billion dollars. In 2005, it is 578 billion dollars. (You can find all this information at the website of the statistical abstracts fo the US). To look at the economy in general, the DOW was at 8600 in 2002, today it is at 13600. To look at technology sector, NASDAQ was at 1373 in 2002, today it is at 2600.

I am not aware of any computer engineer in the United States, who knows SAP, C etc etc. who is unemployed. The US unemployment level is at 4.5%, which is considered as "full employment" by economists. On other hand, there are plenty of us, who feel that we are not paid enough. But then who feels that he is well compensated?

If US closes its borders to trade, it is hurting itself!

    Forward  |  Report abuse
The above message is part of the Discussion Board:
Outsourcing:Hillary changes tune