Manila's Banter Beats Bangalore in $21 Billion Call-Center Race

[OlympicBrian]

Source: Bloomberg

"India continues to lead in overall outsourcing revenue with $70 billion, compared with $9 billion for the Philippines, according to BPAP and India’s National Association of Software and Services Companies, a New Delhi-based lobbying group. The outsourcing industry now employs 530,000 people in the Philippines..."

Read more: http://www.bloomberg.com/news/2010-12-02/manila-s-night-banter-beats-bangalore-in-21-billion-call-center-industry.html

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Call centers in mad race to the bottom. Philippines pays 5 cents to the US dollar in wages--the lowest of the low, see:
http://www.bls.gov/news.release/ichcc.t01.htm

[PSPS]

1. That's $79 billion taken right out of US workers' wallets

[OlympicBrian]

2. And growing...

Not to mention, less US workers' income tax receipts.

Post-Recession Job Recovery Hampered by Offshoring
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9646348

Tell Pelosi to bring H.R. 5622 to the floor to create JOBs
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=9676350&mesg_id=9676350

[snagglepuss]

3. Companies realize big profits when they offshore jobs but no savings are

passed on to consumers. I wonder how freeps and their masters justify that?