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Word Count: 580
Outsourcing There are a lot of smart people in technology and politics who dont really seem to understand the driving forces behind economic growth When I was a kid and dedicated GUI interfaced computers were just entering the market I recall a great wringing of hands over the job losses that would result from computers replacing typists filers mail clerks and so forth It was believed that computer automation and networks would also replace laborers in factories and other workplaces and that this was a bad thing Sure enough all these jobs were lost Nobody seems to remember that this was an issue however because the enormous economic growth that the computer revolution drove created millions of new higher-paying jobs that required more education creativity and sophistication to fill Microsoft IBM Novell Lotus Borland and Oracle turned thousands of middle-class engineers and middle managers into millionaires and drove billions in tech investments that created thousands of additional jobs to capitalize on the productivity increases and efficiencies computing enabled During the dot-com bubble tech companies like the one I used to work for couldnt hire talent fast enough to fill jobs Every college graduate with an MBA or engineering degree was spoken for as fast as they graduated We turned to recruiting some of our talents from overseas importing several engineers of exceptional talent that would have been impossible to hire in the United States The US government places strict limits on the number of employees US companies can recruit from overseas for fear that they will steal US jobs The troubling issue about this policy is this What would our tech economy have looked like if Andy Grove hadnt come here to found Intel What if we hadnt let Jerry Yang into the country to found Yahoo Why wouldnt we want the worlds smartest people move to America to start companies here instead of in their homeland Without the cost savings and efficiencies we
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