The story with 2 TITLES!

You might find it a bit weird, but this post has 2 Titles attached to it:

I was wondering as to why the WEST comes to EAST for all its IT needs? As obvious my DataCenter immediately threw the answer that OUTSOURCING is the only reason for it, as hourly pay when compared shows a titanic difference! That’s when the whole idea to write this story popped to me.

The other part of the story came to my mind when I saw a FIRANG [later, I came to know that she is from Israel  ] listening to her iPod while on the treadmill. This is the time I thought as why don’t I have the same and then my brain’s rate of recurrence again started fluctuating. Some more research and I got the connect for the 1st part of my story.

The story, here it is:

Why companies in the Western world will continue to look towards India
OR
Compare your salary to your counterparts in other nations

PART 1: These chart(s) are a clear indication of why companies in the Western world will continue to look towards India for cheaper outsourcing options. As the below chart shows, an employed employee in Mumbai earns gross wages of around US$ 1.3 an hour, just around 5% of an average guy working in New York. And if it assumed that New York won't be the right comparison considering that most employees out there work for high paying financial firms, let's compare Mumbai with Rio de Janeiro (Brazil) and Beijing (China). Wage levels there are still 4.3 times and 2.5 times respectively of what an employee in Mumbai earns per hour.

Surprised? Don’t be, as Part 2 is yet to come!

PART 2: To look at these data points in a more interesting way, see the chart below. While an employee in Beijing has to work 73 hours to earn enough to buy an iPod Nano, the amount of work for the same product to be put by an employee in Mumbai is 177 hours!

I am out of words now and all I can say is JAI HO!