Wednesday, May 25, 2011

Third-World Economy Redux: India is now Outsourcing to the United States

You plant corn, you get corn. America's Galtian overlords have long relied on cheap foreign labor to drive operating costs (i.e. working wages) down.  This process created widespread unemployment in American manufacturing in the 1980s and 1990s, and created serious downward wage pressures on IT professionals through the 2000s.  Well payback is a bitch.  Now, low-wage white collar jobs are being brought to the United States by firms in India.  The Daily Mail reports.
Large corporations that have boomed in India amid the country's nimble economy have been drawn to the U.S. where unemployment has soared.

Struggling residents desperate for work are paid between $12 and $14 a hour to be stationed in tiny cubicles for long shifts of telesales work.

Once the employees are established, many are offered the chance to be flown to India themselves - the same tactic Western countries have done in India.
Nothing breeds loyalty like a desperate workforce.  Welcome to the exciting world of global capital where the free flow of money drives global wages down in America.
'The U.S. became the fastest-growing location for us last year. We expect that to continue this year,' Genpact chief executive V.N. 'Tiger' Tyagarajan said.

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