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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: GUSTAVE JAEGER who wrote (16820)	5/6/2003 12:43:28 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 57684

but the wages of most Americans barely grew at all. This wages stagnation has baffled experts, but in The New Ruthless Economy, Simon Head points to information technology as the prime cause of this growing wage disparity. The "experts" were baffled, eh? Sounds like the kind of lying with statistics that politicians do. The fact is that in the 90s, huge numbers of the skilled IT workers became independent consultants and as such their wages practically tripled from the prior situation (80s) where wage growth was dependent on unreasonable salary ranges set up by personnel. Towards the end of the 90s the pay for US based IT workers was so huge it led to the outsourcing binge we see now to get costs under control. Had corps not had such dramatic upward wage pressure outsourcing would have been mitigated, imo.