http://www.pbs.org/now/politics/outsourcedebate.html*snip*
The debate is complex. It's not just manufacturing jobs that are headed overseas but also technology and service jobs, bringing new life to economies in India and the former Eastern bloc. The British financial publication THE ECONOMIST recently outraged some readers by labeling outsourcing fears "The Great Hollowing-out Myth" and maintaining that "contrary to what John Kerry and George Bush seem to think, outsourcing actually sustains American jobs."
http://www.pbs.org/now/politics/outsource.html*snip*
Overview
The numbers are startling: 3.3 million jobs in less than 15 years. That's the number of U.S. jobs expected to be lost overseas by 2015 according to a recent report by Forrester Research. But the sheer size of the exodus isn't what's worrying analysts the most — it's the type of jobs. Some critics are worried that this time it's the corporate main office is getting ready to shut down and head out of the country, packing up cubicles and all. As reported on NOW, a new wave of jobs are leaving U.S. shores: software development, customer service, accounting, back-office support, product development and other white collar endeavors.
And it's not just technology jobs that have ended up in India. According to Deloitte Consulting, 2 million jobs will move from the United States and Europe to cheaper locations in the financial services business alone. The exodus of service jobs across all industries could be as high as 4 million. It forecasts that three-quarters of leading financial institutions and investment banks will allocate tasks to Third World countries in the next five years and that India will be at the top of the list.