Political Quotes

On the recordJuly 9, 2004
Mr. Speaker, my motion to recommit would send this legislation back to the Committee on Science with instructions to immediately report the bill back to the House with a provision requiring the Department of Commerce to complete an independent study on the short and long term effects of the outsourcing of jobs from the United States to other countries. Mr. Speaker, since the year 2000 the United States has lost 2.7 million manufacturing jobs, of which 500,000 jobs were in high tech industries such as telecommunications and electronics. Since the year 2000, almost 650,000 jobs have disappeared in high tech service industries. In 48 of the 50 States, jobs in high-paying industries have been replaced with lower paying jobs. A survey taken in March of this year of 216 CFOs found that 27 percent of those CFOs plan to send more jobs offshore this year. The Wall Street Journal, the Washington Post, Business Week and others have recently published articles that point to the fact that we lack sufficient and accurate data and information in order to determine the short- and long-term effects of offshoring.
Said by
Jerry F. Costello
Illinois

Editor's note · Context

Addressing the impact of job outsourcing and proposing a study on its effects.

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