You should read this article on Information Week and most certainly read the comments after the article. I don't know what to feel. Anger maybe, for being called a corrupt nation, pain maybe to be called a poor nation, guilt maybe to be living as the more previleged ones in the country (I work in IT) or plain simple pity, for the insecurity that seems to be coming forth in the comments.
Just a couple of points though, mind you, IMHO only.
1. We Indians have been working in the US for US companies for quite a long time, proving our abilitites over and over again. Now, with outsourcing, the work is moving to us rather than us moving to the US. What are they cribbing about then? Their inability to keep their jobs? What's corruption and the monitored currency system got to do with anything at all? Just do your job the best at a reasonable price (or a reasonable job at a low price) and the free market dynamics will definitely bring it up top. Right? Why crib, compete fairly, can't we?
2. Secondly, why should we not share the profits that we help make anyway? Our talent is good so we are workin in US establishments. By natural extrapolation, we now have the understanding and the ability to manage the better deal by taking the end to end contract. So, should we not be entitled to our fair bread?
3. Companies by their definition are money making machines (or that is the their sole purpose of existence). That, good people at the helm of the companies take the onus of 'social responsibility' and other ethical practices are purely a judgement and feel based thing. Companies can be unethical and that is unfortunately the by-product of capitalism. (Capitalism that is the corner stone of economies like the US). No company by its definition of existence needs to be a loyalist to any country, creed, race or currency. They have to make profits and they will. End of it all.
Conclusion: There is a definite economic advantage to both outsourcing companies abroad and vendor companies in India, that this is the logical route the water will take. If the core competency of any economy is its manpower, of course they will take advantage of it. Why should the economy of the outsourcing company crib that their jobs are being taken from them, they should understand that being at the top of the food chain, they have to develop further and evolve higher levels of business, rather than taking calls or back office work. For one reason, being the 'greatest country' in the world is not a forever crown, it has to be earned every time. Being the greatest for now means that they are the best consumers for what the rest of the world produces. Then, why crib at all? We have just started climbing the ladders and at the top the jitters are already high.
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