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e at much higher risk of having their jobs because this job function can be done from anywhere in the world. With today's technology, companies can transmit their programs digitally to anywhere in the world and take advantage of foreign countries lower wages. (Computer Programmers, 2007)

“Every year India produces around 2.5 million university graduates, including 400,000 engineers and 200,000 IT professionals. It is estimated that India has 28% of the world's IT offshore talent. The cost of an Indian graduate is roughly 12% of that of an American one.” These are just a few of the advantages that India brings to the market, which is why the offshore outsourcing boom continues to grow. This is one of the reasons why American students are not majoring in these fields. Young adults have the assumption that IT jobs are sooner or later going to be sent overseas, so there is not point on getting an education in these fields. (The Economist, 2006)

The fear of offshore outsourcing is striking a chord with America's future employees. Recently, the education system has seen shifts in college enrollment, as college students have begun to shun high-tech fields like computer science and even engineering. With the lack of stability in these fields students are concerned that their jobs could eventually be outsourced internationally and are therefore deciding to focus on their business skills. The war for talent is at its fiercest in high-tech industries which poses a threat to the future of the American technology industry and the overall economy. American companies may be forced to consider outsourcing not only to save costs, but due to lack of local talent. Studies have shown that the proportion of incoming undergraduates planning to major in computer science is now 70% below its peak in the early 1980s. (The Economist, 2006)

High-tech, white collar jobs are being transferred to foreign countries which limit opportunities for highly educated Americans. The U.S focuses so much attention on higher education yet people cannot put their skills to use if their job is outsourced. “When manufacturing jobs started moving overseas in larger numbers, American workers were told by free trade ideologues not to worry, that the U.S. comparative advantage was in services—especially high-tech and other knowledge-based industries. Displaced workers were told to simply acquire better skills and more education in order to succeed in the changing American economy. Many workers did, but now they find that knowledge and talent can't compete against the chase for higher profits and cheaper labor in the new global marketplace.” If Americans decide not to invest in their education, companies will mitigate their chances of sustaining a strong knowledge-base within the U.S. and induce the risk of international spillovers. (Dobbs, 2004)

According to the Bureau of Labor statistics between 1979 -1999, Thirty-six percent of employees who lost their jobs to outsourcing found jobs that matched or increased their wages. Although Twenty-five percent of workers were able to find employment, their wages were thirty percent or more decrease in wages. ‘'These concerns are real and need to be addressed,' says Diana Farrell, the director of the McKinsey Global Institute. But she argues that rather than trying to stop offshoring--a practice that she argues increases wealth in the U.S. economy-本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。