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E. The impact of offshore hiring is hard to measure, since so far a tiny portion of US white-collar work has jumped overseas. Indeed, a case can be made that the US will see a net gain from this shift. In the 1990s, the USA had to import hundreds of thousands of immigrants to ease engineering short-ages. Now, by sending routine service and engineering tasks to nations with a surplus of educated workers, the US labor force and capital can be redeployed to higher-value industries.
F. Globalization should also keep service prices in check, just as it did when manufacturing went offshore. Companies will be able to reduce
overheads and improve efficiency. 'Our comparative advantage may shift to other fields,' says economist Robert Lipsey, and if productivity is high.
then the US will maintain a high standard of living. By encouraging economic development in nations such as India, meanwhile, US companies will
have expanded foreign markets for their goods and services.G. Outsourcing experts say the big job migration has only just begun. Frances Karamouzis, research director at Gartner Inc., expects 40% of the USA's top 1,000 companies to have an overseas pilot project under way within two years. The really big offshore push won't be until 2025 or so, she predicts. But if big layoffs result at home, corporations and the US government will face a backlash. Some states are already pushing for legislation to stop public jobs from being transferred overseas and now the unions are moving into the fight to keep jobs at home.
1) What would be an advantage of offshoring for US companies?
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A. increased profits
B. more work
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C. expanding foreign markets
D. prices kept in check
2) How much cheaper is the hourly wage in Indian than in the US?
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