Saturday Edition
"Bangalore Wages Spur 'Reverse Offshoring'"—headline, Page 1, Financial Times, 0702.07
When an incredible amount of work is thrust upon a labor market ... wages go up. As I said: Duh.
(Article substance: In some cases Indian engineers now cost about 80% of the price of the hometown troops. At that differential, "Home sweet home" becomes the song du jour.
Message to the skeptics, again, especially in Washington and on CNN (yes, you, Lou): Markets work.
Before blogging became all the rage, Tom was posting book reviews and Observations (essentially early blog posts) to this site. You can find the archives below.
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Comments
Wow!!
A failure to leverage offshore work by a company of miniscule size can not be the basis of shouting from the rooftop that Reverse Offshoring is happening.
No doubt a great PR job by the web company to make a mountain out of a mole. But why not talk to GE, IBM, Acceture, Oracle who are expanding like anything in India and take their point of view also before making it an hoopla.
Posted by Supratik at July 9, 2007 3:03 AM
Any profits made solely due to cost arbritrages between different locations will not last long-whether it is goods made in China or calls outsourced to Bangalore. QED
Posted by Mandar at July 9, 2007 3:42 AM