October 7, 2013

IT IS AN AMUSING CONCEIT OF THE WHITE UPPER MIDDLE CLASS...:

IBM now employs more workers in India than US (John Aidan Byrne, October 5, 2013, NY Post)

The sun is rising in India for America's outsourced jobs.

But it's a bad sign for New York's dwindling middle-class workforce, say labor analysts.

New York's labor markets are in convulsions as American employers ship more well-paid jobs to lower-cost countries like Mexico, the Philippines, China and India -- where IBM, culling 747 jobs from the Empire State, has achieved landmark status. It now employs more workers in India than in the US, according to a leaked IBM document reviewed by The Post. The average IBM pay in India is $17,000, compared with $100,000 for a senior IT specialist in the US.

...is that their jobs can't be done abroad or by machines. As reality dawns, wealth redistribution will quickly lose its stigma.

Posted by at October 7, 2013 4:30 AM
  

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