In Bombay, Indian outsoursing firms suffered little fallout from months of campain debate about the issue of job outsourcing to less expensive countries in Asia. Wipro, LTD. won 34 major new clients last quarter, this was echoed by the two other large outsourcers in India. With the election days away, most of the large Indian service exporters are not concerned about any actions by possible President-elect Kerry to close tax loopholes that are considered to be a major loophole that attracts American companies overseas.
John Kerry is remiss in his belief that simple tax law will keep large American companies from following the lure of low cost labor in Asia. The article cited the fact that many times better educated English-speaking Indians are paid a fifth of the pay that often time less productive American workers are paid for doing the same job. The demand for highly productive, cheap labor is definately high. Countries like India and China with a combined population almost 6 times that of the United States, are providing a seemingly unending supply to meet demand. American labor unions, and blue collar workers had better beware -- If you don't produce results, there are plenty of people that can.