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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1512)	11/18/2003 7:02:44 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

November 18, 2003 Offshoring of IT Jobs Expected to Accelerate By Sharon Gaudin Textile mills closed their doors, sending their jobs to foreign shores where labor is cheaper. Shoe manufactures did the same. Then manufacturers started handing out pink slips to their U.S. workers, sending the jobs, and the pay, offshore. Today, the IT industry is the next one to fall. Analysts call it 'globalization', but IT workers, especially programmers and technicians in corporate call centers, will call it unemployment. And it's coming in a time when the industry is still reeling from the shattering of the dot-com boom, several years of economic turbulence and a high-tech slump. IT workers, who only a few years ago had the hottest jobs on the market and raked in great money, are either unemployed themselves or know people who are. And industry watchers say that's about to get much worse. ''IT, as people understand it now, is never going to be the same,'' says Dale Smith, an information and technology advisor to the British Consulate, speaking at CDExpo in Las Vegas. ''The model has changed. The world has changed... That process is unstoppable. Companies will continue to seek lower-cost labor markets. IT workers must think about how they will survive this. How do we have a career in this new market?'' And it's a market that will change quickly. Today, approximately 8 percent of IT work is outsourced, according to Gordon Brooks, president and CEO of E5 Systems, Inc., an IT outsourcing company based in Waltham, Mass. In five years, that number will have exploded to 55 percent. Forrester Research predicts that $136 billion in wages, or 3.3 million jobs, will move offshore in the next 15 years. internetnews.com