Outsourcing Is Now Targeting Core Jobs in West: Andy Mukherjee

Discussion in 'Wall St. News' started by THE-BEAKER, Jun 15, 2007.

  1. as a related point a friend of mine at an arcade/prop shop in london now has multi offices in india employing 200 traders plus.

    they offer salaries of between $10000 to $15000 with a bonus of 20 percent.

    they pick the cream of the crop and employ mostly top end graduates with first class honours.

    its been so successful they are now opening up in china.

    the point you can make here is these guys will work longer, harder and for a lot less so the competition just got a lot harder.


    http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_mukherjee&sid=a_bc6P8Vi0ls
     
  2. Or you can just look at it as more liquidity. All is good.

    Cheers :)
     
  3. And artificial intelligence programs running on giant parallel supercomputers are going to take over the market...

    You have no chance.

    RUN AWAY!!!!!!!
     
  4. About time all these economists got their jobs outsourced then they can live on the low wages they advocate as economically healthy for all but tenured academics and Govt think tank parasites. clueless, useless tossers the lot of them. I would love to see their faces when they are told their job is being outsourced (in accordance with Ricardian economics) to economists in India and China who can waffle just as obtusely for a fraction of the cost.

    Made in China means 'does not work' or 'contaminated with antifreeze, toilet cleaner etc.'

    If CEO's took a small pay cut we could have onshore help desks staffed by people who knew their products and spoke comprehensible English.

    rant, rant :D
     
  5. make you right.

    lets outsource the ceos , economists and politicians.

    then they wont find it so funny to find that their good screw has come to an end.
     
  6. Nah, too good for them. Better a quick show trial and then off to the football stadium.
     

  7. Interesting, and all this talk about auto trading with a Quant In A Box replacing traders.