Hazardous Waste Management

Hazardous Waste Management

  • Submitted By: eddz1986
  • Date Submitted: 03/10/2009 7:32 AM
  • Category: Science
  • Words: 668
  • Page: 3
  • Views: 520

{draw:frame} . However, there are mixed signals coming from the Obama camp.

In speeches, Obama has suggested that he will readjust the tax code to offer more tax incentives to companies who do not offshore, but he has also acknowledged outsourcing's inevitability, saying that "[r]evolutions in communication and technology have sent jobs wherever there's an internet connection; that have forced children in Raleigh {draw:frame} and Boston to compete for those jobs with children in Bangalore and Beijing."

Therefore, it is probably somewhat simplistic to say that Obama is "anti-outsourcing." He may wish to incentivize different behavior, but there is little evidence that he will seek to regulate or otherwise limit outsourcing.

There are many other factors that affect the value of outsourcing. Currency fluctuation is, as we know, a major one. It could, therefore, be argued that the weak-dollar policies of the current administration are inherently anti-outsourcing, as well.

Ultimately, I expect that US tax policy and US tax breaks, one way or the other, will not make too much difference - nor will it affect the value proposition of already-successful outsourcing efforts. Marginal outsourcings may be affected, but those are already under significant pressure due to exchange fluctuations and the weakening US labor market. Obama’s anti-outsourcing rhetoric puts IT industry in wait-and-watch mode While industry captains reacted with caution trying to decipher the underlying implications, some sought to play down the reference to outsourcing terming it as an “election rhetoric.” He pointed out that the problems were more glaring in manufacturing sector than in IT. “The US is actually trying to ramp up its science, technology, engineering and math (STEM) capabilities and so I do not think the Senator was referring to IT industry in particular,” he added. Senator Obama, in his address to the Democratic National Convention in Denver, had said that...

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