International Forecaster Weekly

Plans To Outsource

US companies plan to outsource more overseas to take advantage of slave labor despite backlash.

Bob Chapman | April 4, 2004

Despite a major building backlash a survey of 182 companies has revealed that most US companies plan to outsource more of their back office functions overseas to take advantage of slave labor. Eighty-six percent of our corporations plan to steal our jobs and give them to foreigners and then expect us to buy their goods and services. On a net basis these companies end up saving 10% to 20% of their costs, down sharply from 50% two years ago. We see the outsourcing market stabilizing in 3 to 5 years at the current rate of cost increases, but that won