impact of Outsourcing

The most direct consequence of outsourcing is the 2.3 million job seen by the U.S. economy over the past three years. Tody, even the white collar jobs are moving away. In India alone, there was a 60% rise in outsoucing in 2003 in IT sector. The Information Technology Association of America, which represents 500 companies, reported in study in 2004 that oursourcing has eliminated 104,000 U.S. tech jobs.