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More jobs coming in to US than going out of it

Apparently other countries outsource to the U.S. more than we outsource to them.

The value of US exports of legal work, computer programming, telecommunications, banking, engineering, management consulting and other private services jumped to $131.01 billion in 2003, up $8.42 billion from the previous year, the Commerce Department reported.

Imports of such private services-a category that encompasses US outsourcing of call centres and data entry to developing nations, among other things-was $77.38 billion for the year, up 7.94 billion from 2002.

So there's over a $50 billion difference? Granted, this isn't an industry-specific study, but it is interesting to think about, and enough, really, to quiet some of outsourcing's opponents (I don't really not what to think about it, so don't ask me).

Posted by Jake on 03/16/04 @ 04:37 PM
Posted in Interesting | Permalink

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