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Updated 4/11/2004; 11:27:57 AM
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Monday, March 01, 2004 |
James Flanigan: 'Offshoring' Can Create Jobs, Too
Los Angeles Times
James Flanigan [Columnist]
February 29, 2004
As a hot-button political issue, "offshoring" is off the charts.
White House economic advisor Gregory Mankiw sparked more than a little controversy when he proclaimed that outsourcing jobs to other countries was "just a new way of doing international trade" and "a plus for the economy in the long run."
Roundly criticized by members of both parties in Congress, Mankiw later retreated, saying he was misinterpreted and that "concerns about job losses in the United States are important."...
ROBERT REICH, who served as Labor secretary in the Clinton administration and TEACHES AT UC BERKELEY, is among those who marvel at the adaptability of the U.S. economy.
"One quarter of the jobs we have today did not exist 25 years ago," he notes.
Of course, getting from here to there is not always so easy.
With that in mind, the government needs to do much more to help those displaced by offshoring. Reich and the consultants at McKinsey recommend wage insurance for workers whose lives are upended by global competition. Under such a system, a worker whose job heads overseas would be paid by private or government insurance half his salary for a year or two, easing the transition to new work....
Source: UC Berkeley in the News
11:56:15 AM 
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The Race To The White House: Jobs Are Primary Concern in State
A recovering economy that lags in hiring is the driving issue for voters and politicians.
Los Angeles Times
By Marla Dickerson and Don Lee, Times Staff Writers
February 29, 2004
For unemployed software engineer Dean McCoy, there is only one issue worth considering in Tuesday's California presidential primary: the economy.....
Multiply McCoy's worries by tens of thousands of other Californians, and it's no surprise that the economy and its ability to create jobs is by far the No. 1 thing on the minds of the state's voters, according to a recent Los Angeles Times Poll and other surveys. That explains the heavy emphasis Sens. John F. Kerry of Massachusetts and John Edwards of North Carolina have placed on the worries of people like McCoy as they campaign from California to New York ahead of the 10-state Super Tuesday balloting....
Economists are scrambling to develop solid data on the true size of the outsourcing trend and its effect on the U.S. labor market. A 2001 study done for a congressional panel estimated that at least 760,000 U.S. production jobs had migrated to China since 1992. Research and consulting firm Economy.com in October estimated that nearly 1 million U.S. jobs had been lost to so-called offshoring since early 2001, with 1 in 6 of those in information technology, financial services or business and professional services - the bedrock of the "new economy." Forrester Research Inc. predicts 3.3 million service and professional jobs will flee the country by 2015, and researchers at UC BERKELEY figure that at least 14 million U.S. service jobs are vulnerable....
Source: UC Berkeley in the News
11:53:03 AM
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