India, China to blame for US job losses: Survey

Tuesday, 04 November 2003, 20:30 IST
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WASHINGTON: Increased competition from India, China and Mexico are among reasons for job loss in the United States, according to an International Development Council (IDC) survey. "The shift of manufacturing and service jobs offshore and increased global competition from countries, especially China, India and Mexico, are two of the biggest factors having a negative impact on job growth in US cities and states," an advanced release of the survey stated. The survey, scheduled to be released to the media on Wednesday, was conducted among 900 economic development officials in all 50 States. Another concern of these officials, directly responsible for bringing jobs to cities and states, is "the pace of the US national economic recovery." Contradicting President Bush, a majority of the survey respondents said that the federal tax stimulus has had "little or no impact on creating new jobs in their communities."
Source: IANS
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