US companies moving more jobs to India but quietly

http://www.hindustantimes.com/news/181_506801,001300460000.htm

David Zielenziger (Reuters)
New York, December 24

US corporations are picking up the pace in shifting well-paid technology jobs to India, China and other low-cost centres, but they are keeping quiet for fear of a backlash, industry professionals said.

Morgan Stanley estimates the number of US jobs outsourced to India will double to about 150,000 in the next three years. Analysts predict as many as two million US white-collar jobs such as programmers, software engineers and applications designers will shift to low cost centers by 2014.

snip

Offshoring companies "are paying Chinese wages and selling at US prices," said Alan Tonelson, of the US Business and Industrial Council, a trade group for small business. "They're not creating better living standards for America."

?? :smoke:

...well, we can maybe get our jobs back then. There won't be any more incentive to ship jobs overseas if it costs just as much there as it does here.