The Biggest Offshoring Myth (via John Akerson’s Thoughts)

I believe the key paragraph here is this one (from the article).

I think Offshoring fails because offshored processes, deliverables and costs are almost never measured objectively. I think Offshoring fails because offshoring projects define success as “the expansion of offshoring” rather than as the “delivery of improved services, products, projects, or results for the same or less cost.” I think offshoring fails because the jobs lost to offshoring result in incredible losses for our country, our future, our tax base, and for things that are much harder to quantify.

I couldn’t have said it better.                                     James Pilant

Eweek has an interesting article – “Outsourcing Myths have no Grounds, Says Deloitte CIO” Deloitte’s CIO does his best to debunk various offshoring myths.  The first myth that he debunks is that “Offshoring… has not been successful.”  his response is: “That’s absolutely not true,” Quinlan said. “We’re seeing significant upticking in global offshoring activity.” With the maturation of the offshoring market, there has been an accompanying decreas … Read More

via John Akerson’s Thoughts

Bloomberg: Fukushima Radiated Water May Overflow Trenches in Five Days (via Japan Earthquake & Related Info)

This web site covers the Fukushima crisis on a daily basis. If you have any interest in this situation I recommend you subscribe. I do.

James Pilant

http://www.businessweek.com/news/2011-06-02/fukushima-radiated-water-may-overflow-trenches-in-five-days.html … Read More

via Japan Earthquake & Related Info

Offshoring has Destroyed the US Economy (via Suzie-Q’s Truth and Justice Blog)

That this actually controversial is astonishing. Nevertheless, you there are countless web sites that argue that offshoring was good for everybody.

Despite it’s negative image in first world countries such as the U.S., offshoring has proven to be beneficial to both the business owner and the country where the services are culled.

I think that this issue is much more of a political issue than a job issue. Jobs exist in the United States. In many fields there are shortages of workers. The offshore resources are filling that shortage in some cases. In other cases companies are saving money by using cheaper resources. By saving money, they are making more which is profitable for their shareholders. Who are their shareholders? Probably each and every one of us. Remember your retirement account?

Then, on Feb. 9, the White House released its annual Economic Report of the President. Buried deep on Page 229 of the report was a paragraph noting the growth of offshore outsourcing by U.S. businesses and suggesting this was basically no different from other kinds of international trade:
“The basic economic forces behind the transactions are the same… . When a good or service is produced more cheaply abroad, it makes more sense to import it than to make or provide it domestically.”

I teach college, specifically business law. When my class began to fill up with former manufacturing workers desperate for some kind of work or work related opportunity, I couldn’t help but notice those were the kinds of jobs that made this community, the jobs that made America. It was those jobs that were leaving.

I’ll let the article make the rest of the argument.

James Pilant

Nobel Economist Michael Spence Says Globalism Is Costly For Americans Dr. Paul Craig Roberts | Global Research | May 31, 2011 These are discouraging times, but once in a blue moon a bit of hope appears. I am pleased to report on the bit of hope delivered in March of 2011 by Michael Spence, a Nobel prize-winning economist, assisted by Sandile Hlatshwayo, a researcher at New York University. The two economists have taken a careful empirical look at … Read More

via Suzie-Q’s Truth and Justice Blog