Offshoring Here To Stay

Sillicon Valley, July 18 | Updated: Jul 19 2004, 07:07am hrs
Any legislation designed to slow or stop offshoring would ultimately hurt the technology-heavy Bay area region, an A T Kearney report said. The shift of work to lower-wage countries is just one of a number of global forces affecting job creation and loss in the region and efforts to prevent offshoring will not succeed, the study, sponsored by Silicon Valley Network, Bay Area Economic Forum and Stanford project on regions of innovation and entrepreneurship, said. The study, titled The future of Bay area jobs, the impact of offshoring and other key trends, was based on 120 interviews, analysis of 9,000 job listings and other data. Forum CEO Sean Randolph said instead of fretting about the trend, leaders must focus on preserving the Bay areas genius at innovation or they will risk the regions job base. This is a train thats long left the station. If we restrict companies from being able to use a tool thats really required for playing at a global level, theyre going to lose the game, and thats a loss for everybody, said A T Kearney V-P John Clacchella.