Notepad

Outsourcing creates jobs at home and abroad

Stopping "jobs being shipped overseas" always features prominently along any political campaign trail.  Obama has recently implemented a new tax that aims to penalise companies involved in some form of outsourcing.  What most pundits - and, obviously, the American President - fail to understand is that outsourcing benefits both the "home" country and the economy where new jobs are being outsourced.  Rather than taxing these activities to death, Obama and all other politicians, should be encouraging it.

Take, for example, Snapple's recent deal with HCL Technologies, a major information technology and outsourcing company in Noida, India, is a recent example.  The partnership will create new jobs in India, but will also pave the way for the Indian firm to invest  over $3 million dollars in the United States, creating up to 500 new jobs there.  That's in addition to the thousands of employees the firm has in other parts of the world - Ireland, Poland, and China - that are the result of other international partnerships.  New jobs are created in India, but it makes sense for HCL Technologies to be closer to its clients.  The ships that carry jobs out of the United States are, apparently, also capabale of bringing them back in.

Comments

Post new comment

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <p> <img> <div> <blockquote>
  • Lines and paragraphs break automatically.

More information about formatting options

Mollom CAPTCHA (play audio CAPTCHA)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated.

Notepad

Become a fan on Facebook
 

Campaign Updates by Email

Join the F2T Mailing List