Globalization works…

According to the German newsletter “Der Spiegel“, quoting the “Financial Times“, the salaries in the U.S. have declined to such a degree that Indian Call Center operators displace jobs from India to the U.S. where wages have gone down so dramatically that they can actually compete with those in India.

Pramod Bhasin, the chief executive of Genpact, said his company expected to treble its workforce in the US over the next two years, from about 1,500 employees now. Suresh Vaswani, joint chief executive of Wipro Technologies, forecasts that half of his company’s overseas workforce will be non-Indians in two years, from the current 39 per cent.