Outsourcing is the new catch phrase now a days, with not a day passing without the mention of it. But Outsourcing of jobs from developed countries to third world nations like India, China, Philippines, Mexico, Russia etc has created a kind of negative attitude in the mind frames of workers belonging to the developed nations against outsourcing. Let's see the reasons for this fear psychosis;
Situation in the West Offshore job outsourcing of back office jobs and even high end jobs in a very short span has created job opportunities for the common man on one part of the world where as one the other it has lead to mayhem and speculative opinions.
Job outsourcing as a phenomena is not new. It has been there since ages. So why is it that there has been so much talk in the recent days about job outsourcing to foreign lands? Well, one of the reasons is the sheer pace with which things are happening. A sluggish economy, coupled with job cuts in a very short span has made people in developed countries like US and UK to build a negative outlook towards Outsourcing. This kind of backlash is seen particularly among the technology and allied workers. Many websites that oppose outsourcing have popped up and groups such as Techunite, Alliance@IBM, CWA, WashTech etc have been formed in US and UK in order to show their anger against outsourcing.
Ground Realities Economists are pretty much sure that outsourcing is here to stay and is in the stage of evolution. The backlash in US and UK against outsourcing is being compared with the IT revolution of the 90's when manufacturing jobs were being replaced by IT jobs. Plenty of workers in the manufacturing area were laid off with short notice and there was large scale mayhem. But the society seemed to cope up well with the situation and presently no one seems to be complaining. Economists predict a similar fate for Outsourcing and who knows they may be right. Cause no matter what, the US and UK economics are actually benefiting in a major way due to outsourcing.
It has been predicted that for every $ 100 of job outsourced almost $ 142 gets reinvested in the US economy making this very much a win-win situation. Also recent studies indicate a labour shortfall of 5.6 million in US by the year 2010 and this gap can be filled only through job outsourcing.
So irrespective of short term job losses the economy is sure to benefit immensely in the near future due to outsourcing
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Outsourcing is the new catch phrase now a days, with not a day passing without the mention of it. But Outsourcing of jobs from developed countries to third world nations like India, China, Philippines, Mexico, Russia etc has created a kind of negative attitude in the mind frames of workers belonging to the developed nations against outsourcing. Let's see the reasons for this fear psychosis;Situation in the West
Offshore job outsourcing of back office jobs and even high end jobs in a very short span has created job opportunities for the common man on one part of the world where as one the other it has lead to mayhem and speculative opinions.
Job outsourcing as a phenomena is not new. It has been there since ages. So why is it that there has been so much talk in the recent days about job outsourcing to foreign lands? Well, one of the reasons is the sheer pace with which things are happening. A sluggish economy, coupled with job cuts in a very short span has made people in developed countries like US and UK to build a negative outlook towards Outsourcing. This kind of backlash is seen particularly among the technology and allied workers. Many websites that oppose outsourcing have popped up and groups such as Techunite, Alliance@IBM, CWA, WashTech etc have been formed in US and UK in order to show their anger against outsourcing.
Ground Realities
Economists are pretty much sure that outsourcing is here to stay and is in the stage of evolution. The backlash in US and UK against outsourcing is being compared with the IT revolution of the 90's when manufacturing jobs were being replaced by IT jobs. Plenty of workers in the manufacturing area were laid off with short notice and there was large scale mayhem. But the society seemed to cope up well with the situation and presently no one seems to be complaining. Economists predict a similar fate for Outsourcing and who knows they may be right. Cause no matter what, the US and UK economics are actually benefiting in a major way due to outsourcing.
It has been predicted that for every $ 100 of job outsourced almost $ 142 gets reinvested in the US economy making this very much a win-win situation. Also recent studies indicate a labour shortfall of 5.6 million in US by the year 2010 and this gap can be filled only through job outsourcing.
So irrespective of short term job losses the economy is sure to benefit immensely in the near future due to outsourcing
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