An implosion in professional earnings is ahead.

I am talking about Accounting, Legal work,Medical work including surgery and nursing, engineering, manufacturing and associated skilled professional work.

In all these professions our corporate bigwigs have learnt that India can offer a vast pool of well educated,trained manpower capable of speaking, reading and writing English better than our own people and, what is more willing and hungry to work at a fraction of our salaried professionals. This attractive package is further enhanced by no medical insurance costs, retirement funding and very likely, a tax holiday of ten to fifteen years for corporations willing to relocate to India.

I am certain some people will be needed here, but the bulk of our jobs are going overseas;what will be left will have wages so depressed, you will feel like moving to Afghanistan.

The cutthroat world of world capitalism is at our door.Be prepared.

Signed; Paul Revere of Economics.

unless you are speaking of the Indians coming over here to do the surgery. Before too much longer, the cost of air travel is going to be prohibitvely expensive. So I think the surgery will still have to be done "on location" in the USA.

patients are already going to India to get advanced procedures like open heart surgery done over there;similarly many japanese and other Asian countries. The Indian government is actively promoting what they call Medical Tourism in cooperation with several Medical Insurance companies which have a big stake in this. The savings are so great many patients are given free round trip tickets by the hospitals in India.

where the doctor is overseas but looking at a camera and operating the surgical robot over here. Is already taking place on a limited basis.

being done this way, I understand.

By and large, they don't speak, read, and write English better than us.

They ARE cheaper and the Bigwigs are willing to force us put with the inconvenience and frustration so that they can get those lower wages.

highly educated Indians ( at least a B.S. level education) now numbers several millions. We may want to remember that we are speaking about a country with a population of well over a billion people and growing.All these college educated people get trained in English.Although their spoken English is heavily accented and looks stilted, they are grammatically correct and their grasp of written English is even better.

the exposure of their company's well-being to regional politics, as they send critical jobs to the one place on earth involved in a hot nuclear standoff.

Nuclear explosions, if they appear in the next quarter's earnings report, don't count.

Pakistan. Everything about this thread tells me that we should be supporting India.

Unless...

A strong Pakistan keeps India humble and loyal to its corporate masters.

are virtually nonexistant. Legal work and other sensitive documents should not be zapped overseas.

There are a lot of costs to be cut there.

of Management which has joint programs with the Harvard Business School. Similar programs exist at top Indian schools with Wharton, the London School of Economics and others. You may very well see many top managers from India at American corporations before long.

Those professions which long ago established control over admission to their ranks through licensing schemes and difficult education programs will be fine. These professions, particularly law and medicine, exert a great degree of control over who is allowed to practice. You can't outsource legal and medical work to India the way you can telemarketing or computer consulting, and its difficult to see how you ever could.

after the British accounting firms are already being accredited by the
Accounting professions here.I am sure the accreditation and licensing processes are already in the works for law and medicine because many law and medical schools are opening campuses in India.Big legal firms are salivating at the thought of getting top quality lawyers at fractions of the cost over here.

Outsourcing US jobs to India, China, and other low wage countries is a scam by the powers-that-be to keep the average American fat and happy with cheap goods and services as those same PTB suck the life blood out of the US. When they are done in a few years the US will be broke, deep in dept, and no longer able to even buy the now cheap overseas products and services. The USA is a very inefficient country with a terrible health system, a falling apart infrastructure, an incredibly expensive and purely waste military industrial complex, an educational system that is pure joke (no child left behind-bullshit). The truth is that the rest of the world would be better off if the USA did not exist. What a sorry state we have ended in. Bob

plus, companies who pay large audit fees and whose Boards now have greater personal exposure after legislation passed in the wake of the Enron debacle, are going to want to see the auditors on their premises. ('But Senator, we showed them a video tape of our bearer bond inventory..') Accounting firms will transfer partners & other senior people in a heartbeat to manage an audit if it will make an important client happy.