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Offshore Outsourcing Face-off
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| An interesting article in SearchCIO .. published a few weeks back, but I stumbled on it only today. Two of their editors argue whether the offshoring issue is real or hyped. |
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An interesting article in SearchCIO .. published a few weeks back, but I stumbled on it only today. Two of their editors argue whether the offshoring issue is real or hyped.
I found the following statistics from the article very interesting:
* Of the 2.7 million jobs lost in the last three years, only 300,000 were lost because of offshore outsourcing.
* Business Week magazine reports that 1% of productivity growth can eliminate up to 1.3 million jobs a year.
* According to the Organization for International Investment (OFII), foreign companies with U.S. offices employ a record high 6.4 million Americans and support an annual payroll of $350 billion, which is heavily invested in the U.S. economy.
* The OFII also reports over the last 15 years, total insourced jobs grew by 117% and total outsourced jobs grew by 56%.
* A 2003 report put out by the market research company International Data Corp. and which was cited by the Associated Press, Los Angeles Times and The Wall Street Journal was later called “a little wobbly” by an IDC spokesman.
* U.S. educational institutions collected $1.2 billion from Indian nationals in 2002, a reported six times the amount received from British students.
* According to The Economist, America’s population grew by 23.9% between 1980 and 2002. The number of employed Americans grew by 37.4% in the same period, a near record high.
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