Friday, October 22, 2004

Off-shoring Concerns are Bogus

Both of the first two speakers at the NAIOP Meeting in San Diego on Thursday talked about off-shoring of US jobs. Susan Hudson Wilson called it “a bogus political issue, which is not even a factor when you look at the raw numbers.”

David Pearce Snyder cited a recent Bureau of Labor Statistics report which showed that approximately 20,000 jobs would be off-shored in 2004 compared to a normal 15 million jobs per year that are eliminated thru automation, info-mation, mergers, domestic outsourcing and business failures.

Putting these numbers into days, A Off-shoring Worry Free Day would end at about noon on January 1st. It continues to amaze me how many politicians play upon voter’s fears with this issue.

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