This is just the tip of the iceberg. Much more will be outsourced to India, and India will in due time become a key player with the US in keeping the planet stable. It is an excellent investment. How much has the unemployment rate in the US skyrocketed up again in the last couple of years given the hydra head evils of outsourcing?
the unemployment rate is meaningless - sure, people are working, they are moving from $70K/yr tech jobs to working at Lowes.
I dont like outsourcing, but you do have a point.
a strong India will be an excellent counterweight to a growing and aggressive China.
That's easy to say if it is not your money or job.
I agree, good long-term investment but painful short-term. People in China and India want American goods and services BAD. They will made there and the profits will be massive.
I own a tech business and I hate to say this but I can't stand most I.T. tech guys here in the states. They are lazy, don't understand business and deadlines. I have sourced to India. They are 1/2 as expensive and will get the job done right and quickly if you are a cash buyer. What do I get with an American tech worker? Lied to, my database stolen and resold, projects half-complete and never finished. Oh yeah, quit on with no notice, moonlighted repeatedly I could go on and on. The I.T. community wants to b*tch about their high paying jobs going to India? Sorry guys, learn to compete a little better.