Outsourcing means taking money out of the American economy (wages that would be paid to someone getting taxed and buying stuff over here), and sends it overseas where that money (generated with the assistence of US-taxpayer funded US infrastructure, and taxpayer funder corporate tax breaks) now instead helps a competitor to America. That's not a good thing.

The free trade of high paying AMerican jobs for cheap overseas labor also would not naturally end until some natural balance in global salary levels has been achieved... Now, when you realize that the US *currently* has one of the highest salary levels in the world, but only represents ~5% of the global population, you'll begin to realize where that eventual equilibrium may be achieved... it won't be the midway point between current US and Indian/Chinese/Russian salaries, but rather it'll be much closer to what those Indian etc salaries are right now, since their population sizes swamp our own.

Now, if you actually give a crap about quality of life over here, and your ability to earn a wage that'll pay an American mortage rather than paying for a Chinese apartment (not much use unless you live in China), then you'd be concerned about this, but don't go looking for enlightened CEO's to stop gunning for expense-cutting bonuses in this way, especially since there duty to shareholders is to maximize profits for them, regardless of anythign else (such as whether by doing so they're screwing the American economy, and screwing the job prospects of their shareholders and everyone else).

The only thing that will stop the quality of life in America being dragged down to what'll be supported on an Indian salary is indeed, as Kerry says, to have the government provide disincentives to do so... What I'd support is tax penalties that are proportional to the difference in cost of living between the US and where a company outsources to, since that levels the playing field. I'll happily compete with anyone in the US for a programming job, since I'm good at what I do, and my competitors have pretty much the same cost of living as myself... but trying to compete with someone on the same skill level who's cost of living is 20% of mine is going to be a losing proposition since they can work for 20% of the salary that I need. That's not competition, it's slaughter, and it may be good for globally reducing labor rates to a minimum (if that for some reason is your goal), but it's sure not good for the Americal lifestyle that we enjoy, even if you want to roll out the old excuse that I'll be able to buy a VCR at Walmart for $28.99 instead of $32, because of the Chinese labor.

I'd be voting for Kerry anyway based on the danger to America that Bush represents, but I certainly also support him on this issue - his policy will be good for working Americans, while Bush's outsourcing-happy policy is only good for the independently wealthy and business owners to which lower US labor costs are a plus rather than a negative.

Wow. And this guy is a CEO? How long has it been since he has been in the trenches?

The problem is not Outsourcing. It is the type of Outsourcing - Offshoring.