ok..yes that the jobs are going to India...but is this not Capitalism taught in American schools as the mantra that all countries should follow ? and why does this senator forget that US exports large scale military wares to so many countries. Take India - India spends billions in buying American military hardware which is far more than all outsourcing combined. Just the nuclear deal is worth 300 billion in next 20 yrs. so ask this idi0t senator stop his n0nsense and pretend as if it is one sided. It is not..the trade is still more towards US than India in long run.
Re: ok...
by Haaaa Hooooooo on Aug 12, 2010 02:47 AM
Why India is spendng billions on buying weapons from America? If you can not produce them in home, then its a shame.
The problem with Infosys and other sys companies is that the so called "value" that they create by providing cheap labor (face it, thats what creates their advantage) is only to the benefit of the American upper crust, the corporate management and shareholders.
The average American worker (who votes in elections) has not seen any of this "value" translate into $$ in his pocket. On the other hand, he has seen his wages decline over time, often lost his job and is now afraid of being able to pay bills, raise a family and retire in the manner that the previous generation did.
Expect a massive backlash from the silent American voter on this issue. Once they raise their collective voices, these companies will be kicked out of America for good, either legally or it will just become so expensive to do business here they will have no choice but to leave.
Re: These companies do NOT benefit average Americans
by techno geek on Aug 12, 2010 01:24 AM
Darth - The problem is that the "silent" american worker has not grown up the "value chain." If you keep doing the same thing again and again, you will be obsolete soon.
The high value projects are still handled by American companies and american workers. Only the work that is not of so high business value, routine and simple is being outsourced to India. Read maintenance contracts and low level development projects.
I do not believe any politician can control this. India offers American companies like FORD market access to India on par with MARUTI. Hence it is imperative that India will seek same level of access for its companies.
Re: Re: These companies do NOT benefit average Americans
by DarthVader on Aug 12, 2010 01:29 AM
Your argument is logically sound, but cannot be "sold" politically to the American voting public. Politicians are rarely known for controlling things or being capable of much. However, they do ride the wave pretty good and can sense the anger and the mood of the public very quickly and often adjust to that irrationality. That is the big unknown of course - to what extent that anger and irrationality will impact the policies. In the end, I believe this argument is not about the facts, but perceptions. It is just that Indian companies are so "visible" (different background culturally and racially) in America. I am sure most people did not know until the current disaster that BP was a British company. The European companies can easily fly under the "political radar".
Re: Re: Re: These companies do NOT benefit average Americans
by PremChand Arora on Aug 12, 2010 04:32 AM
The value to the average American comes from the fact that outsourcing cost savings for the company. This keeps them competetive. This benifits everybody working for the company because if the company looses money, it will do more layoffs and maybe close full or partial operations. It also benifits the shareholders who are mostly average Americans due to the large 401K contributions and mutual fund investments. These are facts that everyone knows but it is not politically fashionable to say so. Someone has to take the blame for all American problems. Could be Iran, Mexico or our own Infosys.
Let me start by saying that I recently got my greencard through american company.
I respect Infosys a lot. It is an Indian consulting company which everyone in India is proud of. The work Infosys does is not much different than done by Accenture and Deloitte.
A & D both hire americans and not Indians. Let me also ask this, how many americans are actively applying to Infy and seeking employment there?
Infosys is not a chop shop but the senator was wrong in his comment.
Re: Infosys
by Rajasekhar DEVADASON on Aug 12, 2010 06:14 AM
Do you know the salary and work load of an Emp in Infosys. First please enquire and know the facts
Re: Re: Infosys
by techno geek on Aug 12, 2010 01:21 AM
Dear Nikhil - What I am trying to show is that we are not afraid of competition from Indian outsourcers or work going to offshore in India, despite getting greencards. Sorry for not explaining this aspect.
Re: Re: Re: Infosys
by DarthVader on Aug 12, 2010 01:24 AM
Just a reminder - a greencard holder does NOT have political rights in this country yet. You have the economic rights, but not political (you cannot vote). The green card itself is subject to renewal as well.
With this huge hue and cry about immigration (illegal and legal), I expect things to get very tight soon, especially with the incompetent Obama administration unable to move on these issues.
Re: Re: Re: Re: Infosys
by techno geek on Aug 12, 2010 01:27 AM
Green card is subject to renewal to prevent fraud and tampering. Not because you go out of status like H1B. You are subject to passport renewal as well but does that mean you lose passport after 10 years? LOL!
Re: Re: Re: Re: Re: Infosys
by DarthVader on Aug 12, 2010 01:35 AM
Trust me on this one, this was first introduced (renewal of Green Card) in 1990, when US fought the first Gulf War. They did not renew the Green Cards for quite a few Iraqis at that time.
Matter of fact - you are REQUIRED to renew the Green Card or subject to losing after ten years. Not so with a Passport (non renewal does not cause a loss). Maybe the rules have changed now, but I think they want to keep this loophole for exactly these kinds of situations (unfriendly regimes etc).
Of course, if you get a citizenship in 5 years, the entire argument is a moot point and of no consequence.
Re: Re: Re: Re: Re: Infosys
by punter ponting on Aug 12, 2010 02:43 AM
Green card is valid for 10 years, and u lose it if you r out of country for certain duration. Passport is just an travel document even if you lose it u still is citizen of that country who issues it. Got is boys, now get back to your KB
All this fuss coz of US internal by election which'll be fast approaching(within 90 days)... So development so far as they promised b4 (as same as Indian Leaders!!)
Re: Re: All this coz of internal by election
by venkat on Aug 12, 2010 01:13 AM
Is the globalization and free trade the West was preaching from rooftops?
Re: All this coz of internal by election
by S Shrikanth on Aug 11, 2010 10:39 PM
The lobby patronizing Infy (Boeing, Wal Mart, PepsiCo and General Motors and Lockheed Martin, Microsoft,...) is politically very very powerful and they will shut Schumer down soon.
if american r able create one chop shop like our revered INFOSYS . ONE DAY PEOPLE OF WORLD SPECAILY AMERICAN'S WILL REPENT WHAT IDIOT OBAMA HAD BEEN ELECTED . HE is destroying america . american's woke up
actually is kind of confusing.who is chop shop and who is benefitiing from whom.now the world has become more of a global village with like minded countries technically needing each others workforce.no technology can be fully developed in one country and have huge doubts if us has the workforce to do the technical upgradation orthe software skills the indian workforce is capable of.the best statement is from mr. ghosn a giant in automobile industry and his statement on indian technicians.
these companies they do well for themselves hire it coolies , and earn big dollars and then do politics out side and inside the country .. they ve noting for the country but there own pockets and just bcuse they r bigwigs, they pretend as great achievers ..
ify, wipro, tcs has done nothing for the country and ppl but they do like to lecture ..
Re: the wole game is abt money, stk mkt ..
by srik on Aug 11, 2010 10:19 PM
Yours is the most idiotic statement I have ever heard! Infy, TCS, Wipro ARE THE MAJOR source of foreign exchange INTO the country. Thus wealth is flowing inside the country. Millions of people are earling their bread and butter because of them. In eighties gettting a Job after education is a question mark. With reservations and politics getting a Govt job is a nightmare, I thank these companies who are providing the livelyhood for millions of my Indian brothers. Btw I can bet that people like you cannot even provide job to 10 people.
Re: the wole game is abt money, stk mkt ..
by Maximum on Aug 11, 2010 10:17 PM
Hanuman baba Come down to earth YOu know that infosys tcs wipro and many more companies bring in most crucial things that is foriegn money in motherland IF you remember in 1990 india could have defaulted to world bank because it didnot have enough balance to pay them they have contributed indirectly The Developments of cities like banglore hydrabad pune gurgoan and many more The companies here give decent salaries to any other professionals in manufacturing or agriculture or govt Its because of this companies the huge middle class is coming up
ITs not easy to create money but yes surely you can critize it withougt effort
Re: Re: the wole game is abt money, stk mkt ..
by prabu prabu on Aug 11, 2010 11:45 PM
Funny Giys...Mechnaical,Electrical,Communication and other discipline engineers are working for Banking Softwares...Then y the hell they did engineering in other discipline Instead of computer...No skill development..nothing...
Becuas eof these IT companies...now a days all people those who are going to collge and come oue out as Engineer.I hope after 20 Years India's all population are Engineers...No value...Nothing
Re: the wole game is abt money, stk mkt ..
by prabu prabu on Aug 11, 2010 11:41 PM
Well Said....These companies doing stupid works and which does not have any value interms of technically. These people saying IT majot.Whether they have invented anything?or Filed any pattern...Nothing These are time pass companies
Re: Re: Re: the wole game is abt money, stk mkt ..
by GLADIATOR on Aug 12, 2010 07:37 AM
Even with education, nothing will work. He will remain the same, some people are born like that and Prabhu is one of them
Re: Chop Shop
by S Shrikanth on Aug 11, 2010 10:07 PM
A company that sells stolen goods at cheaper rate than market rate. :-)
In India we call it "Kabadi market". Suppose your car is stolen, the thief will sell it part-by-part to the dealer. And the dealer will charge you lesser for these parts than the one directly supplied by the car company.
