Blog on the Run: Reloaded

Wednesday, March 10, 2004 6:22 pm

An alternative to offshoring?

A guy in Massachusetts decided to try something different: offering overseas wages to domestic workers.

It “worked,” in the sense that he got employees and employees got jobs — even if it was for half of what they used to make, they still get to do what they enjoy and/or are trained to do.

It doesn’t address the long-term problem of how to keep U.S. wages from dropping to Third World levels — a phenomenon that a lot of CEOs and stock analysts, frankly, don’t give a damn about — but at least it’s helping keep jobs here in the U.S.

Me, I’m just waiting for investment banks to start offshoring their analyst jobs … because there’s no economic reason why they shouldn’t. Then maybe we’ll see if analysts think offshoring is such a hot idea.

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