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6 million US jobs to move to India
January 05, 2004 12:32 IST ^
| January 05, 2004 12:32 IST
| rediff.com
Posted on 01/05/2004 8:47:33 PM PST by BillyJack
6 million US jobs to move to India
January 05, 2004 12:32 IST
India is likely to benefit from the exodus of high tech jobs from North America as over 6 million jobs are expected to shift overseas in a decade.
"In the next decade, as many as 6 million jobs might be sent to India and other nations by US companies in search of lower costs and a tech-savvy, English-speaking workforce," Goldman Sachs Group Inc. said in a recent report.
India and Outsourcing: Complete Coverage "The shift of North American technology jobs to low wage countries like India cannot be stopped because not only are Indian companies a third of the cost, but they actually are better," said Pradeep Sood, president of Indo-Canada Chamber of Commerce.
Indian workers earn as little as one-tenth of their North American counterparts, and India produces 67 per cent more engineers and computer scientists each year than the US, said Sood, suggesting that India should take full advantage of its low salaries and skilled work force.
A number of multinational corporations like Microsoft, Intel, Accenture Ltd and GM Motors have already started taking advantage of cheaper costs in India.
Microsoft, that employs 250 workers in India, is on track to double its workforce to 500 by 2005.
Intel, the global chip giant, has invested $20 million in an Indian customer service centre of Satyam Computer Services Ltd, one of the biggest software makers in the country.
Intel employs about 1,000 people in India and has its largest non-US chip design centre in Bangalore. Accenture Ltd, which manages business computer systems for clients including AT&T company, plans to double its workforce in India to as many as 10,000 by the end of this year.
General Motors Corporation, the world's known auto maker, plans to hire 100 researchers in Bangalore to develop lightweight material and conduct crash tests, according to economic experts in Toronto.
TOPICS: Business/Economy; Culture/Society
KEYWORDS: business; india; intel; jobs; outsourcing; technology
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1
posted on
01/05/2004 8:47:33 PM PST
by
BillyJack
To: Willie Green
Goldman Sachs Group Inc. would probably know, they already outsourced some of their work to India. Or, is their report now tainted due to their current outsourcing and no longer objective/accurate?
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To: BillyJack
"English-speaking workforce"That's the key words. As long as I can understand them on the phone, I don't give a crap what country they are in...
4
posted on
01/05/2004 8:54:45 PM PST
by
Texaggie79
(Did I just say that?)
To: BillyJack
Outsourcing customer service to India has little benefit if the customer can not understand what the heck they are saying.
5
posted on
01/05/2004 8:57:37 PM PST
by
kylaka
(The Clintons are the democRATS crack cocaine)
To: Texaggie79
"The shift of North American technology jobs to low wage countries like India cannot be stopped because not only are Indian companies a third of the cost, but they actually are better," said Pradeep Sood, president of Indo-Canada Chamber of Commerce.I take the source with a grain of salt, but I had dinner with a couple of Indian engineers a few nights ago. These guys are brilliant, personable, and have a great work ethic. I'd say that 6 million jobs going to India may be a conservative estimate....
6
posted on
01/05/2004 8:58:51 PM PST
by
freebilly
To: BillyJack
I'm planning to open a chain of convenience stores in India. I hope they don't make fun of my American accent.
7
posted on
01/05/2004 9:00:07 PM PST
by
LA Conservative
(evil triumphs when good men do nothing)
To: BillyJack; Willie Green
At this rate we will have a two-tiered American society. Those that are born to wealth, and those that are born to work in Wal-Marts. Is this the New World Order? A leveling of the playing field to 3rd world status except, of course, for the elite. Screw the middle class, Jorge's Norte America here we come, or sumpin like dat.
While we were liberating the down-troddened Iraqis for 500 billion or so of American taxpayers money (since the excuse about the WMDs didn't pan out), couldn't we have liberated the enslaved Chinese workers? After all, which is the greater threat to the formerly American way of life?
8
posted on
01/05/2004 9:00:49 PM PST
by
xJones
To: xJones
At this rate we will have a two-tiered American society. Those that are born to wealth, and those that are born to work in Wal-Marts. Is this the New World Order?To see our future look at Mexico today.
IMO and FWIW.
9
posted on
01/05/2004 9:07:23 PM PST
by
templar
To: xJones
At this rate we will have a two-tiered American society. Those that are born to wealth, and those that are born to work in Wal-Marts.Hey, if India has better engineering programs and more competent workers whose fault is that? Our kids are too busy learning diversity to become engineers.
But on the plus side, we do have a very well trained population of Nintendo players....
To: xJones
"Is this the New World Order?"
Interesting you should say that. I recently listened to an interview about the NWO that the late Father Malachi Martin gave to a radio interviewer. If you're interested in listening to the interview, you can find it here:
http://dukenightvision.home.comcast.net
To: freebilly
Next time you have dinner with these guys, ask them how they would feel about defending our country.
If we continue to offshore our technology and the jobs that go with them, we may not be able to defend ourselves in the future. Already there has been a significant drop in the number of students signing up for classes in Computer Science and Engineering at our universities.
To: freebilly
Hey, if India has better engineering programs and more competent workers whose fault is that? Our kids are too busy learning diversity to become engineers. No. Their parents are being thrown out of professional level engineering jobs that are being handed over to a bunch of third world wage slaves. And they're sending their kids to law school, where the real money is.
13
posted on
01/05/2004 9:10:33 PM PST
by
Euro-American Scum
(A poverty-stricken middle class must be a disarmed middle class)
To: LibertyAndJusticeForAll
Already there has been a significant drop in the number of students signing up for classes in Computer Science and Engineering at our universities. Check out your neighborhoold university and tell me if you find anyone in the computer science or engineering departments who speaks English.
It would be a precedent-setting event.
14
posted on
01/05/2004 9:12:18 PM PST
by
Euro-American Scum
(A poverty-stricken middle class must be a disarmed middle class)
To: LA Conservative
I'm planning to open a chain of convenience stores in India.If you could pull it off, a chain of stores like the Fry's chain in the mid 80's might be a winner. In those days, you could go to Fry's to purchase hardware prototyping boards, chips, small electronics parts, various soft drinks, junk food snacks, coffee. All the ingredients for imaginative engineers pulling all nighters to accomplish on time delivery of innovative stuff. Some all night fast food might be a winner too. You would really have to do a market survey to see if the Indians work with the same all night fervor that typified the early Silicon Valley days.
You also would have to figure out if the Indian government would permit you to do business there AND whether you could do it profitably.
15
posted on
01/05/2004 9:12:54 PM PST
by
Myrddin
To: Texaggie79
"As long as I can understand them on the phone, I don't give a crap what country they are in..."As many of us can attest to, understanding most federal workers babble in Washington DC can be quite a challenge.
Our barely-articulate New Jersey state government "workers" here in Trenton may as well be foreign nationals for all their communication skills.
To: BillyJack
Digital time sensitive jobs moving to the other day shift is inevitable.
What are we doing about the 20-30 million 3rd World criminal aliens invading our nation now?
Our politicians including GW Bush are bloody deep in the conspiracy to destroy our sovereign borders and rule of law under our only Ratified Constitution.
17
posted on
01/05/2004 9:15:29 PM PST
by
SevenDaysInMay
(Federal judges and justices serve for periods of good behavior, not life. Article III sec. 1)
To: freebilly
>>>
Hey, if India has better engineering programs and more competent workers whose fault is that? Our kids are too busy learning diversity to become engineers. <<< Nail On The Head Bingo
BSME 1960 Univ of Colorado
18
posted on
01/05/2004 9:17:16 PM PST
by
HardStarboard
(Dump Wesley Clark.....he worries me as much as Hillary!)
To: LibertyAndJusticeForAll
Next time you have dinner with these guys, ask them how they would feel about defending our country.
The Indians who live here love America, at least those I know. They've had a lot more problems with Islamofascists than we've had....
To: freebilly
I'd say America should allow jobs to go to India, IF India will accept an equal number of immigrants from the United States to fill those same positions.
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