Article: To Offshore Or Not To Offshore
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To Offshore Or Not To Offshore
Offshore outsourcing is a reality of the 21st century; however, the loss of fewer than 200,000 American jobs to India in a presidential election year experiencing low job growth proved to be a highly controversial issue. Yet, more and more service jobs ? from stock market analysis to computer software development and troubleshooting ? are being off-shored by US companies to India and other low-wage countries. Clearly, it makes economic sense to pay middle-class salaries ranging from $2,000 to $7,000 a year in these countries, opposed to paying the almost five times as much for the same work in the U.S.
In response to a speech by former Secretary of State Colin Powell, in which he encouraged India to open its markets to American goods ? a thank-you for the offshored work it r...
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