More than the implicit attack on Indians as threatening Americans, Hillary essentially is displaying and parading her ignorance. It is just amazing to me these high-falutin senators and congressmen and wanna-be presidents do not have the basic understanding of macroeconomics. Imagine if the chairman of the NIH did not understand the law of conservation of energy! Hillary, who wants to be president, does not understand the theory of comparative advantage (Please see http://en.wikipedia.org/wiki/Comparative_advantage), which shows that free trade is beneficial to all countries, irrespective of wage or economic level. This theory, which is the equivalent of law of conservation of energy in science, was enunciated by David Ricardo way back in 1817 in his book "Principles of political economy and taxation". Please also see the article below by Paul Krugman, a liberal economist, about this very sample principle.
There is no evidence whatsoever that software engineers in India hurt americans. On the contrary, everything that we understand about economics teaches us that they helps americans. The boom in the tech sector since 2002 has, in part, been fueled by the explosive growth of the Indian software industry. Economists are predicting that the growth of the american economy over the next 20-30 years will be partly driven by the growth of India and China. While everyday americans in different walks of life may not understand this, a senator running for president and wh
RE:Outsourcing helps the US
by Valley Report on Jul 10, 2007 12:27 AM Permalink
What boom in the technology sector? The boom is in India since 2002. While in USA thousands and thousands of technology jobs are lost. Thousands of Indians had to either go back or settle for much lower jobs.
The only jobs that are left are consulting jobs for which too TCS, Wipro and other vultures are pouncing on. TCS has more than 10,000 people in USA at any time how?
In universities the biggest drop in enrollment is in computer science.
Voters will speak this time and the outsourcing lickers will be thrown out. There will be investigations on TCS and Wipro.
