...outsourcing now equals undercutting later.
http://timesofindia.indiatimes.com/articleshow/402 253.cms
The latter is what worries me. I am all for free-markets... with limitations. A laisse-faire form turns into a system of economic darwinism that focuses too much on short-term gain. To cut costs now companies are "selling their foundations from under themselves." Although, many would argue that they do have a longer term goal of trying to access larger markets, what good is having a larger market if you are undercut by local competitors who you essentially gave your business knowledge?
Hopefully, wages in India will raise to levels where wages in developed countries are competitive and this outsourcing will stablize or even regress.
However, what about countries like China, where the government can essentially dictate what a worker's wages are? They could keep costs artifically low indefinitely (or at least until everyone else is out of business).
Things will get interesting...
Arabic, Chinese, and Hindi? It is pretty easy to imagine why DARPA would be interested in the first two with the War on Terrorism and China being a pseudo-enemy. But Hindi? Conspiracy theorists please comment...
Slashdot Mirror
...outsourcing now equals undercutting later. http://timesofindia.indiatimes.com/articleshow/402 253.cms
The latter is what worries me. I am all for free-markets... with limitations. A laisse-faire form turns into a system of economic darwinism that focuses too much on short-term gain. To cut costs now companies are "selling their foundations from under themselves." Although, many would argue that they do have a longer term goal of trying to access larger markets, what good is having a larger market if you are undercut by local competitors who you essentially gave your business knowledge?
Hopefully, wages in India will raise to levels where wages in developed countries are competitive and this outsourcing will stablize or even regress.
However, what about countries like China, where the government can essentially dictate what a worker's wages are? They could keep costs artifically low indefinitely (or at least until everyone else is out of business).
Things will get interesting...
Arabic, Chinese, and Hindi? It is pretty easy to imagine why DARPA would be interested in the first two with the War on Terrorism and China being a pseudo-enemy. But Hindi? Conspiracy theorists please comment...