Former Fed official: One of four U.S. jobs headed overseas

EE Times ^ | 06/12/2007 | George Leopold

[indthkr]

WASHINGTON — Alan Blinder, former vice chairman of the Federal Reserve, told Congress Tuesday (June 12) that one out of four U.S. jobs are vulnerable to offshoring. Blinder, now an economics professor at Princeton University, told the House Science and Technology Committee that American jobs in science, technology and engineering are most vulnerable to offshoring.

Blinder testified during a hearing on the offshoring of U.S. technology jobs. Committee Chairman Bart Gordon (D-Tenn.) last year successfully pressed the Bush administration to release a controversial 2004 Commerce Department report on offshoring. The report singled out chip design as one of the next U.S. technology sectors likely headed overseas.

Leading-edge design work has not moved offshore, but U.S. design engineers "are facing stiff competition from designers in India who work for lower wages and whose experience and quality [are] quickly improving," the report warned.

"The message of that report," Gordon said during Tuesday''s hearing," is that offshoring is happening at significant levels in some industrial sectors and the phenomenon will continue and is likely to accelerate."

[indthkr]

A continuation of an earlier thread:

http://www.freerepublic.com/focus/f-news/1832812/posts

[xcamel]

probably why he’s a “former”

[Last Dakotan]

...Blinder, now an economics professor at Princeton University...

Wonder how much you can save on tuition by sending your kids for schooling overseas.

[mnehring]

But, what is often ignored is how many jobs are heading from overseas, domestically (insourcing- jobs, not people)

[mnehring]

http://www.ofii.org/insourcing/

http://digitalcommons.ilr.cornell.edu/cgi/viewcontent.cgi?article=1245&context=key_workplace

[Sonny M]

I actually had to use a textbook that he wrote.

He is an idiot.

[Nathan Zachary]

Gee, this is just so hard to believe, what with all this high quality cheap labor flooding over the border.

This ‘professor’ isn’t suggesting they are dumb illegal aliens, is he? That wouldn’t be a nice thing to say.

He must be suggesting our education system isn’t producing very smart Americans, which I’d have to agree with. They do however, know all about sex, anal sex, oral sex, sex with objects.

Sex, after all, is the only important thing in life, besides doing everything possible to drive big bad corporations that stink up the country and cause global warming out of the nation to turd world countries which besides being the worst polluters of all, are exempt from the Kyoto accord, and have carbon credits to sell.

[mysterio]

Export all jobs. Then we can all sit around and buy cheap stuff on credit, just like our government does. We’ll hire guest workers to keep the walmart running.

[TLI]

Leading-edge design work has not moved offshore, but U.S. design engineers "are facing stiff competition from designers in India who work for lower wages and whose experience and quality [are] quickly improving," the report warned.

He is a tad behind the curve as the "low wages" are "quickly improving" as well. Which means the jobs will NOT be going offshore, just as my current job just came BACK from India. Simple fact is, Americans do not want to deal with trying to understand the offshore technicians.

[TopQuark]

I actually had to use a textbook that he wrote. He is an idiot.

Judging from your comment, you thoroughly misunderstand the textbooks you read. It used to be that the first task of a student was to learn how to advance a well-posed argument. Now, it appears, all you need to do is name-calling.

[Badeye]

The biggest myth is the ‘lost jobs overseas’ claim.

Our economy is constantly evolving, its one of the cornerstones to its stunning success for decades now. We create jobs, and eliminate jobs, AS NEEDED.

[dashing doofus]

Lets hope the first jobs to be exported are those of government funded teachers.

[NeilGus]

This seems like a real problem to me. It explains why our
unemployment rate has soared to 4.6%.

Maybe we can be protectionist like the EU. I heard France’s unemployment has dropped to 10%.

[Uncle Miltie]

Is that you, Willie?

[Dustbunny]

This comes as no surprise. I have never thought much of the GNP figures. Service figures rather than manufacturing.

We are losing our bread and butter and all the federal government can think about are elections and making illegals legal so they can vote. So they broke the law, it's ok because they were not citizens at the time.

[Weeedley]

Export 12 million jobs Americans wont do along with an criminal border crasher for each job. We all can get behind such a PUSH!

[dighton]

Yet another headline-writer (at the source, not you) who can’t read.

One of four U.S. jobs headed overseas

isn’t remotely the same as

one out of four U.S. jobs are vulnerable to offshoring.

[goodnesswins]

Actually, we should export Congress to some 3rd world country......

[Nathan Zachary]

He wasn’t making an argument, he was simply stating a fact.
As for the name calling statement you made, that isn’t true either. He merely stated that based on the textbook the ‘professor’ wrote, he concluded he was an idiot, which is merely a descriptive word, words that are commonly used in the english language.
It’s like saying a person is fat, tall short, skinny, dumb, smart, an idiot, a genius, etc.

You on the other hand, instead of offering a difference of opinion and stating the reasons for that opinion, completely ignore the "advancing of a well posed argument" structure you rudely demand from him.

[dashing doofus]

Agreed, before they turn us into a banana republic.