Of offshoring and ID theft..

Discussion in 'Credit Talk' started by lestx, Aug 22, 2003.

  1. lestx

    lestx Well-Known Member

    Thought everybody might find this interesting..
    didn't see much about it in the US press.

    The Tribune Thursday, July 17, 2003, Chandigarh, India, Editorial Page

    â?¦On the other hand, anti-outsourcing lobby says that the US wages are high, no doubt, but a large part is deducted as tax. Without taxes, an employee may cost 40 per cent less to a firm.
    Recently, back home in India, there was a case of a Noida-based call centre employee, Asif Azim, stealing the credit card number of Barbara Campa, a US citizen, and making off with $ 575 worth of purchase from a Sony portal. He was later arrested and convicted. Personal data remains at constant risk and the lobby swears that so does the security of the country with vital information being passed on in alien land. A lot of anti-outsourcing Websites like www.washtech.org/wt, www.h1bvisasucks.com, www.hireamericancitizens.org and www.nomoreh1b.com are registering daily hits.
    Nearly a month ago, when Indian Commerce and Industry Minister Arun Jaitley, during his US visit, met Mr Robert Zoellick, the US Trade Representative (USTR), he was told that the US federal government considered Bills banning outsourcing â??bad policyâ? and not only â??opposes it but is trying to resist it.â?
    Right now, the USA is caught between the devil and the deep sea and the sense of urgency is palpable. Its image of being a â??coloured capitalist countryâ?? is at risk. Uncle Sam should not act in a hurry. It should come out with a more viable solution to arrest plummeting profits, layoffs and the shooting unemployment graph. Else, it could be a classic case of hurry spoiling curry.
  2. JohnB316

    JohnB316 Well-Known Member

  3. alent1234

    alent1234 Well-Known Member

    Outsourcing and the elimination of certain jobs has been going on since the birth of our country. Some jobs will go overseas, but that will make our companies more efficient and more competative. In the long run it will create more jobs here just as every other wave of new technology and efficiency which was at first feared to be the cause of lost jobs.

    This is part of the ongoing trend of mostly low skill jobs going overseas and those requiring education and skills staying here. Instead of fearing this, I'm going to school, trying to keep my GPA at 3.5 and higher and looking to get an MBA from one of the top schools in the next 5 years.
  4. lestx

    lestx Well-Known Member

    I posted this to verify that there has been ID theft relevant to foreign outsourcing, a question which has been bantered about on this board of late. However I must take issue with you on the "low skilled" part of your reply.

    Congratulations on your MBA , it is also being offshored as we speak, here is a comparison of starting salaries:

    Harvard MBA = $150,000/anum
    Indian MBA = $12,000/anum

    If you were looking at your corporate bottom line which would you utilize? (the Indian grads also have disproportianately high GPA's as well)

    Offshoring does indeed make companies more competative, no doubt. But that is only half of the equation. The US consumer ultimately drives the world economy and if neutralized will start to undermine these offshorer's from the demand side.

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