TECH EXODUS: 500,000 JOBS MOVING OVERSEAS
One out of 10 jobs in the U.S. computer services and software sector could 
move overseas by the end of next year, according to a new report from 
Gartner Inc. And while professionals in the computer industry will be 
especially hard-hit, IT jobs in other sectors such as banking, health-care 
and insurance will feel the impact also, with one in 20 being exported to 
emerging markets such as Russia, India or other countries in Southeast 
Asia. "Suddenly we have a profession -- computer programming -- that has to 
wake up and consider what value it really has to offer," says Gartner VP 
and research director Diane Morello. Morello estimates that based on her 
preliminary calculations, at least 500,000 jobs will be lost to offshore 
outsourcing by then end of 2004. The trend toward "offshore outsourcing" is 
heating up as a political issue, with legislators in five states proposing 
bills that would require workers hired under state contracts be American 
citizens or fill a special niche that citizens cannot. (Reuters/CNN.com 30 
Jul 2003)
http://www.cnn.com/2003/TECH/internet/07/30/jobs.oversees.reut/index.html


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