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> The offshoring advocates (and others) seem to
think that down the line
> and fairly soon, the savings that companies have
made through
> offshoring will be reinvested and mean new jobs
here. We shall see.
> There's also no reason to believe that a
forecast is necessarily going
> to be accurate. It's entirely possible that TW
jobs will return in
> full force. There's just no way to tell for
sure.
The other side of the coin is that the $$$ are
piling up but companies are sitting on it in the
form of huge cash reserves. Not investing it in
job creation, just sitting on it like a nest egg.
All those groups like ITAA who buy in and toe the
line on job creation are ignoring this lacuna.
All that's needed to make the myth of job creation
an complete mass distraction is for that money to
go untaxed and move offshore. Yikes, they wouldn't
do that, would they?
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