Democrat Hopefuls, Lawmakers Denounce Outsourcing

The outsourcing of high-tech jobs to the developing world has become a potent issue in U.S. electoral politics. As job growth remains stagnant, politicians are turning on corporations that outsource to save money and evade American taxes. John Kerry, the frontrunner for the Democratic presidential nomination, has criticized CEOs who move “profits and jobs overseas”. US politicians from both parties are moving against outsourcing – the US Congress recently passed an amendment to prohibit some US government contracts from being awarded to companies that move jobs overseas. Although some estimates put the number of US jobs at risk as high as fourteen million, the trend has been a boon for business in countries like India, where the anti-outsourcing backlash has raised alarms. – YaleGlobal