History Of Outsourcing Jobs To India
These Indian teams, once trained, returned to India to continue work on a telecommute basis. Outsourcing jobs to India had begun. Due to the lower cost of living in India, American corporations were able to pay much less to Indian workers than to their American counterparts, thus saving hundreds of millions of dollars.
The corporate planners projected that outsourcing jobs to India would save at least 20% on labor, an enticing figure indeed.
Outsourcing jobs to India became the way to go, with most IT corporations in the U.S. following suit. By 2001, American programmers were virtually unemployable, undercut by the cheaper Indian labor. This produced what amounted to a depression for the American IT industry worker.
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