Economic Report: India, Land of Outsourced Jobs, May Face Skilled Labor Shortage

[Omaha Steve]

http://www.laborradio.org/node/4621

Economic Report: India, Land of Outsourced Jobs, May Face Skilled Labor Shortage

Economic Report:

By Jesse Russell

As outsourcing continues, India could be looking at a severe skilled worker shortage by 2010. India Trade Organization Nasscom reported that in four years India could be half a million workers short of what the country needs to keep up with projected growth. The country needs 1 million more IT workers in order to maintain its current market share. Currently 2.3 million Indians work in the countries Information technology industry, many employed by U.S. Corporations seeking to cut costs by outsourcing work.

[davidwparker]

1. with the Dems controlling both houses, maybe the shortage in India

won't be such a problem due to our jobs staying here.

[NotGivingUp]

3. lest we forget that bill clinton signed off on nafta

[davidwparker]

4. I don't forget it. One of the many reasons I don't want Hillary in

the WH. That is, she will bring Bill with her.

[Tight_rope]

2. Oh good...now our jobs will go to underskilled workers in India!

Meanwhile the skilled American's will be unemployed....Ain't life swell!:argh:

[Igel]

5. If there's a skilled labor shortage,

to get the skilled labor available the cost of labor will go up.

This will cause more unskilled Indians to get training, cause jobs to go to some other country where there is untapped skilled labor, and either of those will increase the costs of doing business overseas. Either of these things might be a good thing: It'll make outsourcing overseas less attractive.