Good article.
But I can't buy the following statement by Gordon Coburn, senior vice president and chief financial officer at Cognizant Technology Solutions Corp.
"For a U.S. company to take the approach that 'No, I have to do it all here because I have to protect the jobs,' in the end, it's going to cost more jobs here because they're not going to survive, because they won't be price-competitive," said Coburn. "On a long-term basis, I think that by our clients leveraging the offshore model, they are actually protecting American jobs."
Here is my point.
U.S. companies (as well as a lot of Global companies) benefit most from the consumer spending in the USA, not from selling services/products to other countries. consumer spending is 2/3 of USA economy. If jobs keep vanishing from USA, consumer spending will also vanish slowly.