Bill aims to curb offshoring
Last modified: March 3, 2004, 5:20 PM PST
By Declan McCullagh
Staff Writer, CNET News.com
In a move designed to make U.S. companies think twice about sending jobs overseas, a group of politicians is proposing a novel way to punish them for it.
A new bill, drafted by Socialist legislator Bernard Sanders and backed by a few dozen Democrats and Republicans, would slap limits on federal grants to companies that fire U.S. workers and hire replacements abroad.
"People who are working in technology jobs know the threat to their jobs right now," said Sanders spokesman Joel Barkin. "They've seen their jobs going over to India by the hundreds of thousands, if not millions. What this legislation would do is encourage these companies to think twice before shipping over these technology jobs." (Full Story)
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