http://www.globalchange.com Massive wage jumps in India and China of up to 100% a year mean that cost advantages of outsourcing / offshoring to these countries is rapidly disappearing. What next? Will jobs move back to America or Europe? Comment by Futurist Dr Patrick Dixon, author of 12 book including Futurewise. Huge salary inflation impact for senior executives in India and China make outsourcing economics harder. Up to 100% wage inflation in China and 40% in india for experienced business leaders. Reverse outsoursing. Business efficiency and strategy needs review. Operating costs of managing outsourced operations. Why outsourcing operations can fail. Conference keynote speaker and Futurist. Impact of low cost workers arriving in places like UK, France, Germany, Italy driving down labour charges and altering costs of manufacturing and services in Western Europe. Impact on economics of outsourcing and offshoring.
Duration : 0:3:29
[youtube 5ZwCDYLClPM]
We should ship jobs …
We should ship jobs to Mexico instead of China. That should keep illegal immigration under control.
Ultimately, …
Ultimately, outsourcing will turn out not to be a bargain and a huge mistake in terms of loss of quality. Workers in every country must fight to protect their tribe.
Awesome – it would …
Awesome – it would be so cool if Inflation hits India and china. Eventually, the disparity between rich and poor will be obvious so that China will have a new Communist Revolution when the people uprise. India risks the same.
pretty good …
pretty good analysis.
Montana programmers …
Montana programmers would get Indian-written pieces of POINTS. If they found a problem, which is common in complex computer systems, getting it fixed — or simply communicating the problem to the person who actually wrote the code — took several cumbersome steps and usually several days.
Montana programmers …
Montana programmers would get Indian-written pieces of POINTS. If they found a problem, which is common in complex computer systems, getting it fixed — or simply communicating the problem to the person who actually wrote the code — took several cumbersome steps and usually several days.
outsourcing puts …
outsourcing puts american and european workers in direct competition with people who are in a hole in the ground.This is economically unviable and unsustainable.
fuck communists! …
communists! you never lived in communism. you are champagne communists!
The End result of …
The End result of this whole Race to the Bottom = SLAVERY.
In a few years we’ll be able to buy and sell our slaves (cheapest labor force) to do our work again, unless Obama tries to stop capitalism in its tracks.
2 words (Global …
2 words (Global meltdown)
The GOP Wal-Mart economic model is good for short term gains but its a house of cards, labor is and has always been the base of economic growth. Now that Obama is closing the tax loop holes, off shore tax havens and putting the one payer health care option in place American workers union and non union will have a chance to compete on a not so tilted playing field. The next change we need is fair trade.
US govt only gives …
US govt only gives work/student visas and send jobs to India..why dont you stop crap and leave us in piece…PLEASE we don’t need cheap Callcenter/Bpo jobs our youngsters need better career than this..you can’t contain them with visas/outsourcing…
Why do you …
Why do you outsource Cheap call center jobs and BPO jobs to India keep them in US..our youngsters dn;t want US comps in India and undergo sadism…and boredom in life…
contd.#3
workers …
contd.#3
workers get hike only if they are promoted.
My company did not give give hike for the reason of Inflation. even though its high.
Then who is eating up the money.
1. High and middle lever Management guys
2. Company .
3. Infrastructure (crazy Real estate prices)
If the West is getting any benefit take these work Back,cause we are not getting any substantial benefit.
Note: companies like HP, MSGTS, IBM are growing BIG time india ,even after these issues you told about India
Why?
A person with No …
A person with No graduation who gets a job in Gulf countries get around 750$ for a job like Shop assistant, Office boy etc.And can save around 350$ if he is willing to save.
Advantages here : No need to work 6days a week, No NightJob . No sweatshops, No abuse of manpower for such a low paid job.
Theme of this story.
30 experienced , Qualified Indian workers 150$ < 1 US worker 4000$.
I never work for a BPO/Call center anymore .those who work there for such a low paid job are LOOSERS.
Hello Dr Patrick …
Hello Dr Patrick Dixon. in my opinion this happens when you did not do enough research.
I worked for a company as Techie , 9+ hrs a day, 6 days a week , in Night shifts. for 18
months.I am a IT graduate
The company i worked for one of the TOP 5 companies in the world.
I was paid 120$ PM + incentives around 30$
The jerk-offs that …
The jerk-offs that are sending our jobs overseas will be out of business real soon. They went to far and destroyed their best markets. The only thing that’s left is a bunch of jobless broke Americans with maxed out credit cards that can’t even afford to buy their cheep Chinese products anymore. Take a look at profits for the fortune 500. They’ve never seen things this bad before. And after China burns through their stimulus money their jobs will be flushed down the toilet bowl to. morons
How to save the …
How to save the economy stop buying crap from China, the quality of American made products surpasses any product made in any other country all over the world ,except cars, some people likes to get rich fast and furious, now we own a piece of the cake lets all demand quality from the domestic car makers.
I want my Camaro what you guys waiting for I will sell my wife on ebay to get that car.
How are you as an …
How are you as an individual going to turn back the assault on the working middle class?
The free market (or …
The free market (or as I see it the free to go one way market) is killing the golden goose for short term gains; our economy is built on a house of cards. Its not working and it is falling apart, wake up people we lost 1.2 million jobs just in 2008 and 16 million since 2000, union and non union. How do you replace those jobs?
The long term …
The long term viability of all middle class jobs union and non-union are in danger. We as middle class workers need to organize in some way. We need to have some push back for the downward pressure the ultra rich power base is putting on the workers. We need a organize work force so we have some political power to turn back the one sided trade policies. We have no chance in to be completive with Chinese workers that make $35 a month on average.
The U.S. is not …
The U.S. is not legally required to issue or extend a single H-1B visa. The USCIS states that H-1B visas are a 3 year visa (total stay limited to 6 years) for temporary, nonimmigrant workers. These workers are to fill specialty positions when this talent cannot be secured from the local labor pool. Employers are not required to advertise the positions and are given a legal means to discriminate against U.S. workers. Right now, we should not issue and not renew another H-1B visa.
solution to all …
solution to all economic crisis are population control, renewable energy and the continous circulation of money, ensuring poor people to
become productive to expand the capitalist market, power of spending equals increasing production all over the glove, trying to sell the same crap to an already saturated market is ridiculous, example buy a car,pay loan,taxes,insurance,mechanics,service,parts and many other things,
It’s that what you people go to school for?
we’re doom.
lol its “Korea”
lol its “Korea”
let’s talk about …
let’s talk about trade,what can we offer to the world? everything is made in china india,vietnam,corea and mexico,can we trade desert dust, golf courses or prostitutes, that’s the only thing left in the country, pretty soon the soldiers are comming back and is there a job oppening at walmart or home depot?
minerals gone,factories gone,standing armies no money, the minute the federal reserve closes it’s door and refuses to lend more money to the gov we will eat each other,end up like Argentina
everyone is saying …
everyone is saying restore credit so debt can flow but due to outsourcing who can afford the debt why do u think so many people are foreclosing because the manage to keep there head above the water but after u loose your job u sink u wanna fix outsourcing then make these greedy pigs pay the same wages that they would have to pay in the us i have seen in my short life the wages decline so much pretty soon we will all be working 3 jobs its called a service economy