Exporting jobs

Quote from UVLC:

IBM to Export Highly Paid Jobs to India, China
Mon Dec 15,12:14 AM ET


In one of the largest moves to "offshore" highly paid U.S. software jobs, International Business Machines Corp. (NYSE:IBM - News) has told its managers to plan on moving the work of as many as 4,730 programmers to India, China and elsewhere, Monday's Wall Street Journal reported.
http://news.yahoo.com/news?tmpl=story&u=/dowjones/20031215/bs_dowjones/200312150014000006
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Nothing new and was to be expected: expect to see more from major IT/Technology related companies. The reason for all this: procing power on software developemnt and consulting has evaporated over the last few years. We still have overcapacity in some areas. IBM has to compete with everyone else and the only way is to cut costs.
 
::yawn:: :eek:

Same cycle, cheap jobs exported, newer higher paying jobs created in US.
Geez, when NAFTA was introduced there was fear that jobs would be leaving by the boatload in the 90's...WRONG!
Those countries that imported all those jobs didn't exactly light up the investing world during the 90's, did they?

There's always cheap labor somewhere in the world.
 
Quote from Covertibility:

::yawn:: :eek:

Same cycle, cheap jobs exported, newer higher paying jobs created in US.
Geez, when NAFTA was introduced there was fear that jobs would be leaving by the boatload in the 90's...WRONG!
Those countries that imported all those jobs didn't exactly light up the investing world during the 90's, did they?

There's always cheap labor somewhere in the world.
More...

Cheap jobs exported like IT jobs with salaries 50K-150K or hourly rates $70 - $150. Higher paying jobs created like $6hr in McDonalds and WalMart? What planet are you from?
 
Quote from dddooo:



Cheap jobs exported like IT jobs with salaries 50K-150K or hourly rates $70 - $150. Higher paying jobs created like $6hr in McDonalds and WalMart? What planet are you from?
More...


If you ran a company, wouldn't you seek low cost alternatives even if it meant sending jobs overseas?

Such a tiring line about McDonalds and Walmart... those with skills and talent will find opportunities.
 
If you ran a company, wouldn't you seek low cost alternatives even if it meant sending jobs overseas?

The stockholders should ship the CEO, CFO, CIO, CXX and all VP positions
over seas and save themselves the absurd salaries, options, bonuses
and severance packages.

Those with skills and talent will find opportunities.


:D


peace

axeman
 
These jobs are easily exported, expect more companies to follow the lead of co's like Dell and IBM.

Reasons why:

low cost of highly educated labor
low cost of data transfer (unlike physical goods, there are little to no import cost)
low cost of bricks and mortar in India, China, Eastern Europe


I was on the phone with Dell tech support the other day. The guy was located in India, and I have to say he would have probably been over qualified for the help desk level computer professional in the US.

It is good for consumers, but bad for the US labor market.
 
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