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Offshoring And Employment Trends And Impacts Pdf Download
Offshoring And Employment Trends And Impacts Pdf Download

 

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Offshoring And Employment Trends And Impacts Pdf Download

 

As,,,Figure,,,1,,,(see,,,PDF,,,version),,,shows,,,,U.S.,,,The,,,survey,,,shows,,,that,,,,of,,,workers,,,who,,,were,,,displaced,,,between,,,2001,,,and,,,2003,,,,35,,,percent,,,were,,,still,,,unemployed,,,in,,,January,,,2004,,,,and,,,,of,,,the,,,65,,,percent,,,who,,,were,,,employed,,,,only,,,43,,,percent,,,earned,,,as,,,much,,,as,,,they,,,did,,,before,,,displacement.,,,The,,,most,,,important,,,lesson,,,to,,,be,,,learned,,,is,,,that,,,it,,,takes,,,time,,,and,,,creativity,,,to,,,generate,,,sound,,,public,,,policy,,,responses,,,to,,,major,,,economic,,,shifts.,,,The,,,robust,,,hiring,,,in,,,India,,,has,,,spurred,,,salary,,,increases,,,for,,,some,,,Indian,,,technology,,,workers.,,,In,,fact,,,economists,,cannot,,predict,,what,,types,,of,,new,,jobs,,will,,be,,created.,,

 

Rapid,,growth,,has,,enabled,,offshore,,outsourcing,,firms,,to,,raise,,extraordinary,,sums,,from,,public,,offerings,,on,,stock,,markets.,,And,,,these,,,differentials,,,have,,,been,,,sustained,,,for,,,the,,,past,,,five,,,years.,,,This,creates,a,practical,problem,because,most,of,our,established,policy,mechanisms,are,designed,primarily,to,help,companies.,Job,,Displacement,,Some,,U.S.,,The,foreign,workers,then,return,to,the,offshore,location,where,they,effectively,act,as,liaisons,to,customers;,in,addition,,they,train,additional,offshore,workers.,

 

However,,salaries,are,not,increasing,across,the,board;,most,of,the,increases,went,to,middle-level,workers,but,not,to,entry-level,or,senior-level,workers.,No,doubt,these,changes,have,important,implications,for,American,engineers,and,the,U.S.,But,,,,understandably,,,,they,,,have,,,expressed,,,greater,,,concerns,,,about,,,offshoring,,,than,,,some,,,other,,,professionals,,,,such,,,as,,,accountants,,,,who,,,have,,,benefited,,,from,,,high,,,demand,,,generated,,,by,,,the,,,Sarbanes-Oxley,,,regulations.,,,Thus,,they,may,succeed,against,their,competition,,but,without,U.S.,This,advantage,translates,into,much,lower,effective,tax,rates,for,Infosys,and,Wipro,(between,13,and,14,percent),than,for,most,U.S.,

 

A,,summary,,of,,the,,survey,,is,,available,,online,,at:,,Hira,,,R.,,,and,,A.,,Foreign,,,workers,,,on,,,site,,,in,,,the,,,U.S.,,,Significant,numbers,of,displaced,workers,are,likely,to,remain,unemployed,for,extended,periods,of,time,,and,many,of,those,who,find,work,take,substantial,pay,cuts.,Tables.,,,At,,,the,,,same,,,time,,,last,,,year,,,that,,,Google,,,was,,,raising,,,$1,,,billion,,,in,,,an,,,initial,,,public,,,offering,,,(IPO),,,on,,,Wall,,,Street,,,,Tata,,,Consultancy,,,Services,,,,the,,,largest,,,Indian,,,IT,,,firm,,,,raised,,,a,,,similar,,,amount,,,with,,,an,,,IPO,,,on,,,the,,,Indian,,,stock,,,exchanges.,,, ef1da23cbc

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