Job Outsourcing
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.
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.
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 labor 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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