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Offshoring booms jobs in US

Information technology jobs will continue to grow in the US because of globalisation and offshoring, according to a new report.

Belying the common belief that shifting IT jobs to countries like India is a threat to workers in the US, the report states that IT job opportunities will grow in America because cost savings achieved by outsourcing will help fuel new business opportunities.

This in turn will result in creating new jobs at those organisations, according to a study by Association for Computing Machinery (ACM), a professional development organisation that includes academic, government and industry officials from the information technology field.

The study, entitled 'Globalisation and Offshoring of Software' estimates that between two to three per cent of IT jobs will be lost annually to lower-wage developing countries through offshoring.

But it said the US IT sector's overall growth should outpace that loss of jobs, expanding opportunities for those trained in fields such as software architecture, product design, project management and IT consulting.

Citing US Bureau of Labour Statistics (BLS) data, the study points out that despite a significant increase in offshoring in the past five years, more IT jobs are available today in the US than at the height of the dotcom boom.

In fact, IT employment in the US in 2004 was 17 per cent higher than in 1999, and IT jobs are predicted to be among the fastest-growing occupations over the next decade.

And even with greater globalization, the report notes that the lower wage scales in India and China are not pushing down pay for US IT workers.

(www.financialexpress.com)

 

 
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