A link to this interesting article showing how India will soon surpass the USA as a World Tech center. It was sent in by Ian, Fletcher of the American Engineering Association with this note:
Concerning the story I just forwarded you, “Bangalore Besting Silicon Valley?” I’d like to make a point about the last few paragraphs, which discuss various factors that mitigate the harm outsourcing does. The problem with these mitigating factors is very simple: they can be quantified. If one accepts the generally-accepted presumption that exports create jobs and imports (including imports of professional services) cost jobs, then the obvious question is, do we have more imports or more exports? And the hard fact is that America has a trade deficit of $500 billion per year, so we are the losers in this game. Big-time.
Regards,
Ian Fletcher
VP, Gov’t Relations
American Engineering Association
www.aea.org
Bangalore Besting Silicon Valley
Is Bangalore finally going to replace California’s Silicon Valley as the world’s I.T. employment center? New statistics from the Indian city suggest that, yes, its legions of I.T. workers soon may outnumber those in the Bay Area.
Bangalore employs some 160,000 tech workers, the vast majority concentrated in value-added I.T. occupations, as opposed to call centers or business outsourcing. These figures are within striking distance of Santa Clara County’s I.T. employment rolls.
