The Silicon Valley of India - Bangalore, may well be a reason to smile for India on the face value of its growing international IT status, but the same is not shared by White-collar workers in US! Indian outsourcing hot shops like: Bangalore, Hyderabad, Delhi are an 'Axis of worry' for the educated and experienced working class of America.

Traditionally, Security would mean a college degree or senior executive experience for the White-collared executives of US. But that now, is a like the dead gold fish flushed down. Last year, only 72 per cent graduates from Chicago graduate school were lucky enough to find reasonable jobs; Harvard has registered a growing percentage of graduates without jobs. And that's not it, even experienced folks working in companies for years haven't been spared either. Today people like 52-year-old, IT exec, Klinck, who've worked with high profile companies like MetLife for over 20 years, managing over 1000 people, responsible for some landmark improvements and innovations are out of their well settled jobs.

For the US companies, a juicy combination of economy and good work will be a hard temptation to resist. The following statistics offer an interesting insight into this; normally in US the Starting pay for an American accountant would range between $40,000 and & $50,000. In India accountants would be paid half of that.

And mind it the quality of work at prices like that is pleasantly amazing. Most Indians working in companies are graduates and among them most are MBAs. It's not just the Silicon industry work that's being outsourced from India and other countries like China and the Philippines; it also includes financial services, health care and many other back office operations. Forrester Research estimates that by 2015 a total of 3.3 million U.S service jobs will go offshore which would include Office, Computer, Business, Management, Sales, Architecture, legal, Art/design and life sciences related services.

Citigroup's Ravi Aron feels that trying to stop these jobs from going elsewhere is not the best option. According to him it will be prudent for both the companies and the workers to invest in retraining and acquisition of specialised skills to give them a strong positioning in the value chain.

It's also not fair to believe that offshoring has brought demerits alone to native workers of developed nations. The flip side view is that when companies make profits as a result of economical offshore operations, they are more likely to reinvest that money in their own country for its development in many areas - and that could mean more jobs back in the states. But 'course it's always easier to say that when you're on the other side.

An option that will bring to light the maximum good of the maximum number of people is one that still needs to be scouted for, and to hope for it is always a good thing.

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