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Offshoring Pace Doubles

November 26, 2004

A new study found that the number of jobs offshored was twice that which had been previously reported. This pace is also expected to quicken as more employers opt for much cheaper workers overseas. According to a study cited in a recent Boston Globe article 406,000 jobs were sent overseas in 2004. That is no surprise to tech workers -- many of whom visit websites like Is Your Job Going Offshore? to keep up with outsourcing trends that can be frightening to those in the computer industry. Stephen Roach, Morgan Stanley's chief economist, told the Boston Globe, ''Offshore labor pools have become increasingly attractive and more and more of the new hiring incrementally is occurring offshore."

Posted on November 26, 2004





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