April 12, 2005
All Jobs Don't Go to India Indian panelists were on the defensive here Tuesday. Several audience members raised questions that revealed their concerns about the number of IT jobs going to India and the effect of that on the U.S. computer industry. Armed with facts, the speakers fielded those queries like Jeter hoovering up a routine grounder off The Bronx turf. Our panel, C.K. Prahalad of the University of Michigan, NASSCOM VP Sunil Mehta and Tata Steel CIO Varun Jha, pointed to statistics that are consistent with what others in the IT industry have been saying--there is an emerging shortage of tech workers in this country. "We're creating more jobs [in the U.S.] than we're losing," said Prahalad. His point was that the IT explosion in countries like India and China is driving demand for American made hardware, software and other goods, creating additional IT jobs on the homefront. "The essence of globalization is interdependence," he said. The fact is, IT unemployment in the U.S. now stands at 3.7%--a rate that most economists believe represents full employment. If you want to go in depth on this, see this week's issue of InformationWeek. My colleagues Eric Chabrow and Marianne Kolbasuk McGee take a look at what's behind the numbers and how individual IT workers are faring in today's market. Also check out my column this week on OutsourcingPipeline.com and let me know what you think about this issue. Posted by Paul McDougall
at April 12, 2005 01:18 PM
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