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Originally Posted by Jetjok View Post
Much of the demand in gold is due the the Indian tradition of providing a sizable dowry for a daughters wedding. Families will borrow money / go in hock for many years to come to not lose face.
I lived in Iran for 10 years, and used to visit India frequently during the 70's and early 80's.
I remember seeing people covered with cloth laying on the side walk with a bowl for coins next to them, and pedestrians stepping around.
At first I was naive enough to think they were asleep, only to find out the people were death, and a sufficient amount of coins had to be in the begging bowl for City employees to pick up the corpse.
People being forced to beg after they were death opened my eyes to the different levels of poverty around the world.
The picture always stuck in my mind.
Date registered: Apr 2004
Location: The BlueGrass State
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Originally Posted by QBNCGAR View Post
Interesting thing I found back in 1999-2001, it was NOT IBM that was driving the charge to lower costs and the low cost, offshore option, it was the customer demanding it. They had 10-15 responses to RFQs and saw the Tata type bids and started demanding that folks like IBM either match or die. IBM decided to play the game and now are the biggest in the field. Not the best any more, but the biggest.
And as for Dell, those who chose Dell are going to be a bit surprised over the next bit as their calls get answered by "Steve from Seattle". My friend in Mumbai just toured the new Dell customer center that provides remote server support for North America and Europe. It is 740 Thousand Sq Ft.
Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
Surely A Large Human
Originally Posted by mcbear View Post
Also, we know a lot more about the realities of off-shoring now than we did 8-10 years ago. It doesn't work as well as expected, if at all. Certainly not as promised, as you're very well aware. It may not happen overnight, but I keep hearing more and more stories of that work coming back to the U.S., and it will continue. Some salaries in IT need to get a haircut or be frozen for a few years here domestically, and as that happens, it will make more sense to bring that work back stateside.
We focus a lot on IT - there's far more money to be made in financial services, medical services, accounting services, etc. Following what will logically happen when you create a real middle class of a couple billion people across the world, they'll start consuming those services, and guess who's the best at it.
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