offshoring/outsourcing reduces salaries in tech sector: proof?

Quote from wcanyon:

One person said offshoring is definitely causing salaries to go down.
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Salaries have topped not because of off-shoring, per se, but because software programming has become a commodity skill.
 
Quote from Random.Capital:

Salaries have topped not because of off-shoring, per se, but because software programming has become a commodity skill.
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Trading, commercial banking and investment banking is also a 'commodity skill'. But we don't see rampant outsourcing there, for instance. The Goldman Sachs' of the world aren't racing to replace their NYC trading desks with Indians, to save money on pay and bonuses.

So no, that wouldn't explain things.
 
Quote from PocketChange:

This is a little out there and outside of the box.
Don't take it out context.

When you look at the US from outside of our borders you realize we are a War machine with superior technology and weapons of mass destruction.

We need to be the outsourced military for our allies and the forced peace keeping military occupying our foes period. We must keep control... and anyone that develops any weapons technology must be put in place. Without this big stick our words are meaningless.

For this worldly peace keeping service we employ only US citizens and and US companies. All transactions are in our currency and is mandatory. We take a non negotiable rate = 1/3 of their GDP through what ever means: taxing/treaty or flat out force.



Brilliant perspective!
I concur
Put simply 'our soldiers make the world safe for our salemen'
Currently 40% of our tax payers are already on the government and military payrolls. We already provide these services essentially free of charge to the world. To get out of this depression we need to expand our tax base and this is the business we do best.

I'm sure there are a few historians that can draw parallels to the brits, romans, germans and others.
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Quote from IronFist:

This is a scary thread :eek:
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Yeap
chilling
I work for a tech company
we just laid off 100 guys in the US earning >$125K and replaced them with 75 guys in India at 25K a pop


10 years from now - if you want to live in the US - youd better be a doctor or work at jiffy lube
because there wont be much else to do that anyone will pay you for


And the US Govt preserves favorable tax treatment for US multinationals that park profits offshore

bye bye us
:)
 
I agree with you. I graduated with a masters degree in EE in US and people would look down upon me as if I was beneath them, and then I would hear them wow at some people who were lawyers or stock brokers. Now everyone is a stock broker and not enough engineers.


Quote from SNYP40A1:

I really don't see any problem with having Americans compete with other people in other countries. Competition is what drives a free and efficient market and the Americans complaining about job loss or wage loss simply need to develop a higher-paying skill set. We certainly have a lot more educational opportunities to do that compared to people living in other countries such as India. I am glad that outsourcing exists so that some people in India and China are able to perform at their higher skillset (what else would the be doing?). The real problem is cultural. Our society does not value hard work. It only values the product of hard work, wealth and status. If you go to Japan and tell someone that you work in finance or law, they will look at you like some kind of parasite. Programmers are like any other type of profession, there are good programmers and there are bad programmers. And the best will always be able to claim the highest premium.
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You think broke people will be able to pay the top doctor salaries. Doctors are the next one to get the pay cut.

I also think that going up the ladder may not be the best option if you are looking for security. USA will remain the country where the innovation will happen and if you are just another manager or a director or a VP, your job could be cut easily.



Quote from PranKsterJack:

Yeap
chilling
I work for a tech company
we just laid off 100 guys in the US earning >$125K and replaced them with 75 guys in India at 25K a pop


10 years from now - if you want to live in the US - youd better be a doctor or work at jiffy lube
because there wont be much else to do that anyone will pay you for


And the US Govt preserves favorable tax treatment for US multinationals that park profits offshore

bye bye us
:)
More...
 
Quote from achilles28:

You know, my heart goes out to your plight. Most of the Boomers gladly abandoned their civic duty in exchange for Government handouts and medicare checks. The era of populist-fueled largess and unshakable faith in Government really brought this Country to it's knees, economically. And when MFN status for China was tabled and NAFTA back in the 80's and 90's? Nobody cared. Those idiots ate up all the nonsense their political shills sold them. I still remember my dad lamenting for *years* how MFN status and NAFTA would kill Canadian industry. It did. His paper conversion factory (founded in 1913) went under in 2008. China + India + Mexico + Housing crash.

I say my heart goes out to you, because this is the new normal. America has been rendered so uncompetitive by unions, entitlement spending, endless debt, and the abolition of tariffs, I don't see it coming back. And then there's a looming debt implosion about 5 years down the road that'll send this economy into a Depression for a good 10 years. New normal is ugly. The truth is ugly. And our futures are downright scary. All I can recommend is take whatever job you can find in IT, work up the chain as fast as you can, and try to land a position in a sector that can weather the coming storm. Preferably healthcare, Government (non-DHS related, please), or overseas (China/India). I daytrade currencies. What I do is a joke. 99.9% of people out there who work a real job, creating real value, most of them will pay hard. Instead of what's optimal, you need to start thinking about long-term survival. Good luck.
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+1

and that may include (if you're going for a degree) considering something else in the end. If you already have one....better start differentiating yourself or immediately finding the more "secure" areas (for at least a while)...then when there, following what's coming next and be ready to move there!

Whether this implosion is 5 years, 10 years, however long it can be stretched out...it isn't pretty because it it what it is now, and it is worse what it will be when it happens...

It's now chasing the money as to what's profitable and venturesome...whether you "like it" or not.
 
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