The Responsibility to Retrain

FC: Are there secondary costs to offshoring that should be addressed?

Hira: If you start to think about what most economists think has driven the economy, it's been technology jobs. As we move those offshore, to what extent does it have an affect on innovation? Innovation is a very messy thing that does not adhere very nicely to our classical view of economics. Companies are often started by people that work in other companies. Ross Perot used to be an IBM employee. Tom Siebel worked for Oracle. Is it a zero sum game? No, but it's something we certainly need to think about.