Every technology-related job in the United States would be moved to overseas destinations within a decade as relocation of jobs to countries like India would enable firms to cut costs, a top American businesswomen has said.
"That is a scary concept," Kathy Brittain White, who was named the Forbes Top 25 American Businesswomen in 2001, said.
Outsourcing and India: Complete Coverage
"If something is not done in 10 years, every technology job will be overseas," White, a former CIO of Cardinal Health Inc, said on Wednesday.
The global market for outsourcing will grow at an annual rate of 7 per cent to hit $1.2 trillion by 2007. By relocating work from Europe and the United States to countries such as India, global firms are cutting costs by up to 40 per cent, she said.
White said manufacturing and technology sectors were not the only ones facing the outsourcing threat. New York Lawyer, a legal magazine, said in a recent issue that garment makers and steelworkers are not the only ones competing with lower-paid counterparts abroad.
"Spurred by the slow economy, many in-house legal departments are cutting costs by relying less on US counsel and more on lawyers in India, New Zealand, South Korea, and other countries," the magazine said.
But bar association rules make sending legal work overseas far more complicated, it added.
