Its an article from News.com.. for those of you too lazy to click on the link, here’s the most interesting part:
“Tata Consultancy Services, one of India’s four largest exporters of software, has begun to offshore its staff,” the American Electronics Association says in a new report. “By 2005, TCS plans to have 3,000 software engineers in China, or 15 percent of their global work force.”
China’s universities, like those in India, award more bachelor’s degrees in engineering than their counterparts in the United States. Yet China’s wage growth rate for technology jobs was about half as much as India’s, according to the Hewitt study. U.S. pay rose 3.3 percent to 3.5 percent, the lowest increases ever recorded for American technology positions in the annual survey.
Eastern Europe may also become more attractive as an offshoring center. Last September, a research report estimated that a recent graduate of a specialist university in Romania could be hired for $6,500 a year in software development. An additional possibility is Russia, another country that produces more bachelor’s degrees in engineering than the United States.
Hmm.. seems to me engineers, software developers/programmers.. and apparently call center representatives.. should start looking for a new line of work :???:.. lucky for me I was kicked out of the electrical engineering program in my 3rd year and was forced to graduate with an Econ degree..