Outsourcing IT department

Economists study the ways people earn a living and provide for their material needs. They study how people behave as a result of a change in price, income, or other variables. Many are employed in business and industry but there are many different areas of economics that economists specialize in. Industrial economists study many different forms of business organization. They study the production costs, markets, and investment problems. Agricultural economists study farm management and crop production. Labor economists study wages and hours of labor, labor unions, and government labor polices. Other fields of economics include taxes, banking, international trade, economic theory, and comparative economic systems. Some economists specialize in inflation, depression, employment, unemployment, and tariff polices. Others specialize in investments, the utilization of manpower, business cycles, and the development of natural resources. Societies are interested in economist's conclusions because they keep us up to date with how the market economy is holding itself up.

IBM desktop 2

Yamato IBM research centre

Facility at Somers

They give us information on how our wages will be affected, how prices on goods will alter, and how demand on products will go up because of certain decisions we make.

Outsourcing has become particularly common in the information technology industry. Highly skilled positions that were once thought secure are now regularly finding their way overseas to places like India and China. Big corporations claim that there are not enough properly trained and educated workers in the United States. Labor advocates say it is all because a computer programmer, in say India, commands perhaps a third of the salary of his American counterpart. While the international human rights advocate sees the outsourcing process as a necessary step in the development of the developing world; a weapon in the fight against poverty and parochial prejudice. Still more interesting, is the argument that outsourcing is an unavoidable consequence...