Professor Mark J. Perry's Blog for Economics and Finance
Posted 9:46 PM Post Link
Links to this post
Maybe the Indians went on to higher paying jobs like engineering and the low paying jobs are left for the us. After all, Michigan is not known for its low unemployment of its high-tech sector?
I think this Dilbert Cartoon says it all.
This quote from the UoM professor in the article was poignant: "Some companies became too enamored with upfront cost savings."Something The Great Reset may have done is to get away from q to q earnings pressure and get back building solid companies.
Maybe the Detroit area is now more third world than India.
This isnt so much "reverse outsourcing" as much as it is a reversal of offshoring. Jobs are coming back - and hopefully should be coming back in more than just the call center level. Indian outsourcers expect to hire 150,000 information technology and business process outsourcing workers this year, according to The National Association of Software and Services Companies, an Indian trade group.Somehow I think that's more for facilitating knowledge transfer overseas, courtesy of our immigration law. That is, it's not going to US citizens, but those who would end up in India anyway. NASSCOM isn't exactly an unfamiliar name in Washington DC.They'd have to prove that these are actual jobs, going to actual US citizens for a US controlled firm(no, lobbying firms don't count).Maybe the Detroit area is now more third world than India.Not at all. Consistent infrastructure, more adherence to the law and other issues still put Detroit in the First World.They have a long way down before that. Not discounting the condition of Detroit, but they still have a First World city. Now as for some places in the South, their policies bring them a bit closer than Detroit in that regard. That is, a certain contempt for non-business entities called individuals.
Stop the Exploitation / abuses of L1 ,B1 and H1B visas . then you will suddenly realize how many jobs are here for US citizens. almost 2/3 of entire indian SW and ITeS employees work on US work. When is it has become US burden to provide Jobs to all those people. what kind of oversight we have over the companies that are cheating on US by getting only employees from outside of US .are they hiding something from US govt?For sure a 20 something guy is more experienced or have experise in any of the jobs here in USAWakeup USA ... Keep the economy good by being apitalist but make sure all adhere by rules. Lot of Multinational companies do business here but when they do bad practices they go to these countries where few dollars can buy lot of officials.
Post a Comment
Create a Link
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
View my complete profile