US lobbyists fighting against outsourcing
Washington: Alarmed by a report that 1.7 million US jobs may be lost to other countries, particularly to India, American workers, trade unions, local governments and legislators are fighting back to keep jobs at home and prevent outsourcing to countries where skilled workers are cheaper, media reported on Tuesday. The Wall Street Journal quoting a report by Forrester Research said American workers may lose $120 billion in wages by 2015, multinational firms are feeling the first ripple of the backlash but are bracing for the worst. "It is the perfect storm right now," said Harris Miller, President of the Information Technology Association of America, a trade group representing 500 technology concerns. Many companies, slashing their US payrolls to take advantage of cheaper labour overseas, the Journal said noting that according to Forrester, loss of office support jobs lost by 2015 are estimated at 1.7 million jobs.
Back to News Review index page