IBM now employs more workers in India than US
October 5, 2013 | 8:04pm
The sun is rising in India for Americas outsourced jobs.
But its a bad sign for New Yorks dwindling middle-class workforce, say labor analysts.
New Yorks 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.
Big Blues eradication of these New York jobs in the Hudson Valley part of a brutal package of 3,300 IBM cuts in North America is the latest sign by US employers of growing their bottom line by replacing higher-cost labor with cheaper workers abroad, labor analysts say.
Those fears were raised again this week. Pharmaceutical giant Merck of Whitehouse Station, NJ, announced it would cut its worldwide 81,000 head count by 20 percent, with 16,000 jobs already earmarked.
More: http://nypost.com/2013/10/05/ibm-now-employs-more-workers-in-india-than-us/
That's fucked up.
antigop
(12,778 posts)CrispyQ
(36,547 posts)The company my husband works for outsourced an entire department & half of another, except for the Director, who they managed to find another Director position for.
jsr
(7,712 posts)ChromeFoundry
(3,270 posts)more than 90% of the jobs would be offshored.