Some Numbers Related to Outsourcing
April 12, 2008 – 1:37 pmA recent MSNBC report provides some interesting numbers related to outsouring:
- For every 1 dollar spent on offshoring, the U.S. gets back $1.12 (and the global economy reaps another 33 cents), according to a report from McKinsey consultants. The reasoning: As more workers in India and other poor contry land higher-paying jobs, they can afford to buy more U.S. products, from processor chips to Hollywood films. By spreading the wealth, offshoring makes life a little better in some of the poorest regions of the world.
- In last three years the U.S. has lost 400,000 service and 1 million manufacturing jobs to offshoring, accordin to Goldman Sachs.
- Some 3.3 million white-collar jobs (and $136 billion in wages) will flee the U.S. in the next ten years, Forrester Research says.
- up to 14 million U.S. jobs are vulnerable to offshoring, say researchers at the University of California, Berkeley.
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