BusinessWeek on Outsourcing
hotsauce writes "BusinessWeek has a couple of stories on the outsourcing of white collar jobs to India. One is a cover story on GE's fundamental research lab in Bangalore where scientists work on everything from the aerodynamics of turbines to plastics' molecular structure. The other is commentary on "America's worst-kept secret", and the effects of the upcoming elections on it."
Another mistaken argument is that there is only a finite pool of labor in India and so an equilibrium will be reached soon. This won't happen. Because the current level of penetration of computers and internet connections in India is extremely low (e.g: 0.4% dialup and 0.02% broadband). As this situation improves, it greatly decrease the barrier to entering the IT workforce in India and will continue to bring in an army of new workers for years to come.
As with the open source revolution, the internet changed everything.