Internetworkers: http://www.ibiblio.org/internetworkers/

[Michael Winslow Czeiszperger <michael AT czeiszperger.org>]

On Thursday, January 30, 2003, at 07:28  PM, Thomas Beckett wrote:

> http://www.businessweek.com/magazine/content/03_05/b3818001.htm

I don't think there's any question that the huge outsourcing of jobs on 
this scale is going to result in a massive drop in the standard of 
living in the US. The first pilot projects in outsourcing have ended 
and companies are starting to ramp up on outsourcing, meaning many 
fewer jobs in the US, with a corresponding drop in salaries for the 
jobs that remain.

The big question is whether the resulting drop in the cost of goods and 
services will result in a lower cost of living in the US, which would 
enable us (we living in the US) to be able to maintain a minimal 
standard of living.

One option for those of us in IT is to follow the jobs. Hmmm... $125 a 
month to rent an apartment? How's the weather in Hyderabad?

I wonder how a two bedroom apartment for $125/month on a salary of $10K 
a year compares to here?  Let's compare that to $700/month for a two 
bedroom here on an average salary of $60K.   $125 * 12/10,000 = 15% of 
the gross salary going for rent in Hyderabad, vs 700*12 / 60K = 14%.

--M. Czeiszperger