Job Offshoring Update

This one will interest you, if you are tracking offshoring issues and impacts.

Just how many non-manufacturing jobs are heading overseas? It depends who you ask. Goldman Sachs estimates U.S. companies have sent 400,000 service jobs overseas since 2000, and the Information Technology Association of America (ITAA) says that 104,000 tech jobs moved abroad in that period.

Two years ago, Forrester Research Inc. predicted that 3.3 million U.S. service jobs would be sent offshore by 2015, but that analysis is now called conservative by experts like Cynthia Kroll, senior regional economist at the Haas School of Business at the University of California, Berkeley. Kroll estimates that as many as 14 million U.S. jobs — ranging from investment research to tax preparation — are at risk of being sent offshore, because they are easily standardized and don't involve face-to-face interaction.

Clearly, offshore outsourcing is growing. Sixty-four percent of those already outsourcing plan to use more overseas workers in the next two years.

While US jobs are increasing at this point, we still have a long way to go to make up for what we lost in the past 4 years.

Your thoughts?

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