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India outsourcing - 60 Minutes


60 Minutes just ran a story on the India outsurcing issue. Probably not terribly new to the folks here, but intersting.

http://www.cbsnews.com/stories/2003/12/23/60minutes/main590004.shtml

The real Entrepreneur
Tuesday, January 13, 2004

I watched it along with the Paul O'Neill interview as well. Imo, both were interesting segments.

Imo, nothing really new was covered during the outsourcing segment, however, I thought the interview with the 31 year old American entrepreneur was pretty interesting. He setup a business in India where his employees process tax returns from America and everything is done electronically (no paper or pencils on the desks just PCs).

One Programmer's Opinion
Tuesday, January 13, 2004

The U.S. government does not keep track of how many American jobs have gone overseas, but there are estimates that in just the last three years, as many as 400,000 jobs have gone to places like China, Russia, and India.


They don't because business does not want them to.  While globalization sounds good in theory, every time it has been identified as replacing American jobs, such as the outsoucing of NJ unemployment to India, the politicians have had to step in. 

It take little courage to stay out of the debate and just let it happen.  Much like sending someone else to fight.  Maybe I am just in pissy mood, but the part where they take on American names sounds more like an attempt to hide when they claim to be proud of.

Anon
Wednesday, January 14, 2004

Maybe they change their names so they don't have people bugging them outsourcing?

Insert half smiley here.
Wednesday, January 14, 2004

"about outsourcing", of course.

Insert half smiley here.
Wednesday, January 14, 2004

They take on American names, because they are required to by thier Indian employer and the American customer(company).

Anon
Wednesday, January 14, 2004

There are a number of things I find very frustrating.  You'll find no shortage of net.libertarians defending "free trade," but it seems to me there are a number of issues that often seem to be overlooked.

First, it seems that capital seems to be flying faster and faster. Hundreds of thousands of jobs are transferred to India or some other country with cheaper labor.  Left behind in the domestic vacuum are unemployment, falling wages.  The 10% in the U.S. who own 90% of everything here in America benefit magnificently, of course, and grow even richer. 

Meanwhile, the guy whose salary is half of what it used to be is left with half the economic power he used to have, which doesn't help him much with his payments on a 30 year mortgage. 

Added to that, the trend seems to be to eliminate estate taxes altogether, and the current Republican administration seems likely to continue with another four year term.

American jobs of the future?  Paris Hilton needs a new pool boy.

oh well, whatever, nevermind...
Thursday, January 15, 2004

I'll be her pool boy  :D

apw
Thursday, January 15, 2004

Maybe something like this will happen...

1. Upper class moves middle class jobs overseas.
2. Middle class protests.
3. Upper class says, "Tough noogies."
4. Upper class gets richer.
5. Politically, former middle class members swing left.
6. Upper class gets the crap taxed out of it.
7. Upper class protests.
8. Former middle class says, "Tough noogies."

Shall we play a game?  ;-)

oh well, whatever, nevermind...
Thursday, January 15, 2004

Teh problem is no 7) and 8)

It's normally 7) Really rich move out,

though in fact the really rich are arranging it so they don't pay any tax at all. The richest guy in the UK is the Swede who owns tetrabrik. He paid a few thousand dollars in UK tax last year and got a load more back as a rebate. And the conservatives capped the property taxes you can pay on a mansion or country estate to two and a half times what the average house pays, so not so much is paid there either.

Incidentally the idea of giving false names to people in Call centres goes back long before outsourcing. Even applies to waiters and shop assistants.

Stephen Jones
Thursday, January 15, 2004

The practice of having false names,  is very much an american. Rich and  Famous people like Bob Hope (not his real name) Gregory Peck etc as well as famous authors,  have all used false names.  Famous businesses like JC Penny, Macy's, Pratt and Whitney, McDonalds , Ralph Loren etc are all assumed names. So please do not ding the poor working stiff for doing what what the rich and famous have done.

anon
Monday, June 14, 2004

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