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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