Worried about possible government reaction to the movement of US technology jobs overseas, leading American computer companies are defending recent shifts in employment to Asia and elsewhere as necessary for future profits and warning policy makers against restrictions.
"There is no job that is America's God-given right anymore," said Carly Fiorina, chief executive for Hewlett-Packard Co. "We have to compete for jobs."
In a report released Wednesday, the companies said government efforts to preserve American jobs through limits on overseas trade would backfire and "could lead to retaliation from our trading partners and even an all-out trade war."
Intel Corp chief executive Craig Barrett said the US "now has to compete for every job going forward. That has not been on the table before. It had been assumed we had a lock on white-collar jobs and high-tech jobs. That is no longer the case."
Barrett complained about federal agriculture subsidies he said were worth tens of billions of dollars while government investments in physical sciences was a relatively low US$5 billion.
"I can't understand why we continue to pour resources into the industries of the 19th century," Barrett said.
The effort by the technology industry represents an early response to their growing concerns that US lawmakers may clamp down on the practice, known as "offshoring," especially during an election year.
"Countries that resort to protectionism end up hampering innovation and crippling their industries, which leads to lower economic growth and ultimately higher unemployment," said the Washington-based Computer Systems Policy Project, whose member companies include Intel, IBM, Dell Inc and Hewlett-Packard.
A US Commerce Department report last month said increasing numbers of technology jobs are moving from the US to Canada, India, Ireland, Israel, the Philippines and China -- and predicted that "many US companies that are not already offshoring are planning to do so in the near future."
The subject has been the focus of several congressional hearings, and some lawmakers have asked the General Accounting Office for a study on the economic implications of moving technology jobs offshore.
The technology group argued in its new report that moving jobs to countries such as China or India -- where labor costs are cheaper -- helps companies more readily break into foreign markets and hire skilled and creative employees in countries where students perform far better than US students in math and science.
"Americans who think that foreign workers are no match for US workers in knowledge, skills and creativity are mistaken," the trade group's report said.
Even as technology companies lobby against limits on offshore employment, they are urging the Bush administration to approve new tax credits on research and development spending, spend more on university research on physical science and adjust tax depreciation sched-ules for technology purchases. They said they also want improvements in education, especially in elementaries through high schools.
"This is not a recipe for job creation in this country," said Courtney, president of the Washington Alliance of Technology Workers. "This is a recipe for corporate greed. They're lining up at the public trough to slash their labor costs."
South Korean President Yoon Suk-yeol yesterday declared emergency martial law, accusing the opposition of being “anti-state forces intent on overthrowing the regime” amid parliamentary wrangling over a budget bill. “To safeguard a liberal South Korea from the threats posed by North Korea’s communist forces and to eliminate anti-state elements plundering people’s freedom and happiness, I hereby declare emergency martial law,” Yoon said in a live televised address to the nation. “With no regard for the livelihoods of the people, the opposition party has paralysed governance solely for the sake of impeachments, special investigations, and shielding their leader from justice,” he
CHINA: The activities come amid speculation that Beijing might launch military exercises in response to Lai’s recent visit to Pacific allies The Ministry of National Defense (MND) yesterday said China had nearly doubled the number of its warships operating around the nation in the previous 24 hours, ahead of what security sources expect would be a new round of war games. China’s military activities come amid speculation Beijing might organize military drills around the nation in response to President William Lai’s (賴清德) recent visit to Pacific allies, including stops in Hawaii and Guam, a US territory. Lai returned from the week-long trip on Friday night. Beijing has held two rounds of war games around Taiwan this year, and sends ships and military planes
China is trying to set a "red line" for the incoming Trump administration and US allies by stepping up military activities in the region, a senior Taiwan security official said, including likely war games this weekend around Taiwan. China has held two rounds of war games around Taiwan so far this year, and its forces operate nearby on a daily basis. The official confirmed concerns expressed by other security officials in the region who have previously told Reuters that China could launch new drills to coincide with Taiwan President William Lai's (賴清德) trip to the Pacific this week which included visits to
‘UNITED FRONT’: Beijing provides Internet ‘influencers’ with templates and directions, such as criticizing Taiwanese politicians, the rapper said Taiwanese rapper Chen Po-yuan (陳柏源) in a video showed how the Chinese Communist Party (CCP) bribes Taiwanese online influencers in its “united front” efforts to shape Taiwanese opinions. The video was made by YouTuber “Pa Chiung (八炯)” and published online on Friday. Chen in the video said that China’s United Front Work Department provided him with several templates and materials — such as making news statements — with some mentioning Chinese Nationalist Party (KMT) politician Hung Hsiu-chu (洪秀柱) and New Taipei City Mayor Hou You-yi (侯友宜) and asking him to write a song criticizing the Democratic Progressive Party. He said he had produced
RSS