Thursday, September 25, 2008
Bangalore and Outsourcing
"ACCORDING to a confidential memorandum, I.B.M. is cutting 13,000 jobs in the United States and in Europe and creating 14,000 jobs in India. From 2000 to 2015, an estimated three million American jobs will have been outsourced; one in 10 technology jobs will leave these shores by the end of this year." This outsourcing boom has transformed this country's economy. The main reason the United States is outsourcing is because they can get the goods made cheaper in India. The main city in India where the make the goods is called Bangalore. The workers are paid very little to make the goods. This saves America money and makes us richer.
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Yes, outsourcing to India is trend that has been going on for a while now. What more can you tell us about this? Is this a good thing for the global economy in the long run?
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