Wow, lets stop poverty in India and increase poverty in America
As usual, they discuss the up side.
Guess they got that from Greenspan, but no talk about how it will impoverish America.
Guess this article I wrote the other day about what they think of us says it all
I have a very stupid question.
How exactly does helping lift some of the world’s poorest people out of their misery while bringing others into poverty help the situation?
Despite the constant reports about high unemployment rates along with how outsourcing is destroying jobs and livelihoods, the trend towards outsourcing has the potential helping lift some of the world’s poorest people out of their misery. In fact, the New York Times has recently reported that outsourcing has reached rural India and is already providing jobs to people who have never held a job in their lives.
Now, to first put things into perspective: There are already about 1 million workers in India employed in the country’s call centers, BPOs and IT companies which are usually located in pristine office complexes and campuses in major cities around the country. However, this is only a tiny fraction of India’s 1 billion plus people. Moreover, 70% of Indians still live in rural areas as India has (for the most part) skipped the industrial phase of development and headed straight into the information age. Hence, there are very few opportunities for rural Indians who migrate to the cities in search of jobs.
However, the outlook for rural India is beginning to change. As the New York Times recently noted, a company called Rural Shores is taking outsourcing jobs to Indians living in rural India. Currently, Real Shores has three centers in operation but they aim to have 500 centers spread across India within the next five to seven years that will employ 100,000 rural Indian youth doing book keeping, bills processing, document scanning, data entry and other simple tasks that do not require English fluency as most rural Indians at best only speak basic English. The Real Shores model is a win-win scenario for all as an operation in rural India comes with significantly lower rental and wage expenses. In fact, Real Shores can do the same work for half the price that a competitor in a big city will charge as a minimum wage salary of US$60 a month is considered excellent in rural India.
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