Jobs these days (especially in the IT sector) are increasingly being shipped overseas to countries like India. Most companies do it because they find that they can pay much less (roughly $70,000 for an American engineer vs. $10,000 for an Indian engineer) for roughly the same price. To quote Business Week (
full story here) ,
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Now, all kinds of knowledge work can be done almost anywhere. "You will see an explosion of work going overseas," says Forrester Research Inc. analyst John C. McCarthy. He goes so far as to predict at least 3.3 million white-collar jobs and $136 billion in wages will shift from the U.S. to low-cost countries by 2015.
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Here's another quote:
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The truth is, the rise of the global knowledge industry is so recent that most economists haven't begun to fathom the implications. For developing nations, the big beneficiaries will be those offering the speediest and cheapest telecom links, investor-friendly policies, and ample college grads. In the West, it's far less clear who will be the big winners and losers. But we'll soon find out.
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What do you guys think will be the future of engineering (and in particular for the US and other western countries)?