Slashdot Mirror
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."
large pool of qualified applicants in the market today
qualified. You keep using that word. I do not think it means what you think it means
U.S. companies outsourcing jobs to foreign countries: bad for the U.S.
Foreign companies outsourcing jobs to the U.S.: bad for the U.S.
So does this mean that when Indians call for tech supported, they will get angry because they can't understand the American accent of someone claiming to be Raehan?
"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.
"Sufficiently advanced satire is indistinguishable from reality." - [Tips: 1DrYakQDKCQ6y52z6QbnkxHXAocMZJE61o ]
I live in Atlanta Georgia and a lot of people are talking about how this company will be bringing jobs to Atlanta. The truth is that while they will be hiring people, this will result in a NET LOSS for Atlanta and the United States.
The way this works is that Fortune 50 companies in Atlanta like Bell South, Coca-Cola, Delta, etc. have contracts with US based firms and employ US based resources. The movement is now to outsource to India. The problem is that they realize that they have to have someone in the United States to actually talk to the customer and deal with problems. These people will be the business analysts and the technical architects that feed the people off shore. While they say that these companies are creating jobs in the United States, the truth is that most of them will be landed resources also from India under H1B visa.
The result of this is that the 50 people in Atlanta that were working in IT are now replaced by 40 off shore people, 5 landed people in Atlanta, and 5 local people. I'm not judging whether it's good or bad or right or wrong, I'm just clarifying what is really happening because most people are way off on this one.
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.
Deleted
cpsJust vbDont vbOutsource ppYour nCode prepTo cntryHungary.