the myth of American supremacy 4472
No--outsourcing to India is becoming a pbutting fad. Once American companies figure out that there are other countries with underemployed English speakers, they will send the jobs over there. In about 5 years from now, there will be unemployed Indians complaining about being undercut by those goddamned Pakistanis and Bangladeshis.
A job is a job is a job. Regardless if it has low skills, it provided a way for an average American to acquire capital and make himself a niche in his world. Now he no longer has a job. Pretty soon, he will vote for someone like Adolph Hitler.
India's compebreastive advantage is it's poverty. Indians will suck chicken to make a rupee. The Indian techie knows that there are 10, 50 other unemployed techies ready to take his job.
Like you said, the US compebreastive advantage in innovation does not translate into jobs. In fact, they are finding ways to reduce jobs all the time.
the myth of American supremacy 4473
Not surprisingly, MNC's are hurting India-centric companies: 'Cognizant's Narayanan says that the dilemma faced by...
the myth of American supremacy 4474
Well, considering you don't work for an MNC, and I don't work for an MNC, I think this is all an 'academic' exercise anyway; but...
Sending work to cheap labor markets may or may not help a US company, that's besides the point. The point is that capital is flowing outside of the US, and eventually there will be economic collapse. If everyone is too poor in the US to buy a Dell, it means less tech support to the call center in India.
You Indians should be nicer to the golden goose that lays the golden eggs (USA).