Indian Software Firm Outsourcing Jobs To US

phobos13013 writes "NPR is reporting Indian software maker Wipro is outsourcing positions to a development office opening in Atlanta, Georgia. Although it sounds good for US job growth, the implication is that firms outside the US appear to be dominating more and more in the global economy, even from developing and underdeveloped regions of the world. Similarly, salaries of IT professionals world-wide are projected to stagnate or possibly fall due to the large pool of qualified applicants in the market today."

Comments

Misleading summary

[Anonymous Coward]

"Similarly, salaries of IT professionals world-wide are projected to stagnant or possibly fall due to the large pool of qualified applicants in the market today."

TFA only mentions the Indian tech industry. I'm sure you could make a case for a world-wide effect from this, but the article doesn't mention it.

Re:Hey, its not like....

[Colin Smith]

We freely sent off our manufacturing, then our IT, and a good bit of agriculture. But thankfully, we still have a great service industry, lots of restaurants, etc. That'll keep us safe in times of financial/world troubles. Actually. It's pretty much all caused by the petrodollar.

You're too expensive because the petrodollar tends to deflate. There's high demand for dollars to pay for oil, the world over. It makes Americans expensive.

The current world troubles are caused by the US interest in preventing the dollar from losing it's reserve status. Iraq, Iran, Saudi etc.

The current financial problems are caused by the dollar being a debt based currency. Debt increases exponentially, it requires exponentially increasing economy and additional loans to service the debt and continue growing. So liquidity is piled in exponentially, the debts grow accordingly. Eventually you have to get even those unable to pay involved, in order to continue the growth. The crash is inevitable, nothing can grow exponentially forever. However the longer the growth period the bigger the bump. In the past few years the central banks have piled in cash in order to glide over some of the smaller bumps, basically just lining up for a bigger crash later. It's more of an issue right now because the dollar has become less desirable internationally forcing up interest rates.