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The new jersey bill
Cleared by the senate; pending in the upper house
Proposes to force the state to give outsourcing deals to local vendors
The economic rationale
US banking and financial sector has saved $8 billion in the last 4 years due to outsourcing
Pipkin Bill
Introduced in Maryland senate
To establish a task force to study methods to increase efficiencies in outsourcing contracts
The social argument
Despite US banks doling out contracts overseas, they have hired more people in the last 4 years
The Connecticut bill
Introduced in the senate
To ensure jobs going overseas don’t land in sweatshops where workers are treated badly
The global logic
Experts see outsourcing as an irreversible process, one which could lead to short-term pains
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