I'm myself techie from India and connected with outsourcing and would like some unbiased opinion on this. To the lay man, outsourcing would conjure up images of phone support workers in night shifts but it's really beyond that. Almost each and every Giant corporation in the US is not only realizing huge profits due to the exchange rate values between the USD and Indian currency Rupee, but outsourcing has brought greater scientific expertise - today many mission critical applications are done cheaply in India but also the quality of service is the reason the US companies are able to be competitive in global market and everyone buys US products - ultimately, it benefits US economy which otherwise would not grow.
For example, if you have ever used GE consumer appliance products such as washing machines, refrigerators and ranges - I used to work in one of those "outsourced" units connected with design of the appliances.
My argument is it's not about just jobs - it's about INNOVATION
2007-03-25
15:10:40
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2 answers
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asked by
dictator_cool
2
in
Business & Finance
➔ Corporations
It's not a good argument to suggest American workers go unemployed but the key to your survival is to innovate more - American tech workers need to move up the value chain and invest more in original research (no doubt US universities are the best for it) - i.e. spend more time in college and leave the programming jobs to Indians instead of going unemployed.
What has happened to American workers today can happen to same Indian workers in say 2025.
PRIOR PREPARATION is the key to avoid major shocks in life - luckily, I have started saving for a rainy day.
2007-03-25
15:16:07 ·
update #1