Free Republic

Washington, July. 29 (PTI): India and China account for only 1.6 per cent of the total employment of US multinationals by way of outsourcing, the Government's figures have revealed, dispelling notions spread by critics of offshoring that the two countries are swallowing American jobs. Latest figures released by the US Commerce Department show that by contrast, Canada was home to more than three times as many workers for US multinationals as China. The UK was home to about nine times as many workers as India. Also, for each job in low- or mid-wage countries in 2003, US companies employed more...

CAN AMERICANS COMPETE?Is America the World's 97-lb. Weakling? In the relentless, global, tech-driven, cost-cutting struggle for business, America isn’t ready—here’s what to do about it. By Geoffrey Colvin It’s a crisis of confidence unlike anything America has felt in a generation. Residents of tiny Newton, Iowa, wake up to the distressing news that a Chinese firm—What’s it called? Haier? That’s Chinese?—wants to buy their biggest employer, the famed but foundering Maytag appliance company. Two days later, out of nowhere, a massive, government-owned Chinese oil company muscles into the bidding for America’s Unocal. The very next day a ship in Xinsha,...