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In a Symbolic Shift, IBM's India Workforce Likely Exceeds That In US
dcblogs writes "IBM has 112,000 employees in India, up from 6,000 in 2002, with an average wage of about $17,000, according to an internal company document. That wage level may seem shockingly low to U.S. IT workers, but it is in alignment with IT wages in India.The Everest Group said the annual wages generally in India for a software engineer range from $8,000 to $10,000; for a senior software engineer, $12,000 to $15,000, and between $18,000 and $20,000 for a team lead. A project manager may make as much as $31,000. IBM employs about 430,000 globally. According to the Alliance at IBM, the U.S. staff is at about 92,000. It was at 121,000 at the end of 2007, and more in previous years. It has been widely expected over the past year or two that IBM's India workforce was on track to exceed its U.S. workforce, if it hadn't exceeded it already."
Not surprising, when you consider that the USA has systematically raised the costs of doing business here, including labor costs, through well-intentioned social justice and wealth redistribution efforts.
Every law that's made, every committee that meets, every rule that must be followed, every union... they all increase our costs. Other places are more competitive, until they decide to implement the same systems (and it's not certain they will, even if they're not Ron Paul(tm)-styled libertarians).