The Outsourcing Effect

InfoWorld: Offshore outsourcing: Little effect on US jobs: December 11, 2003: By : Application Development: "With most estimates saying 500,000 or fewer U.S. jobs have moved offshore to countries like India, offshore outsourcing has had little impact on the U.S. unemployment rate, which stood at 5.9 percent in November, said defenders of the practice during a forum, sponsored by the Information Policy Institute, in Washington, D.C. Instead, a more complex series of problems is causing the current 'jobless' economic recovery, with the U.S. economy failing to create new jobs over the past two years, said Erica Groshen, assistant vice president of the Federal Reserve Bank of New York. "