TechRepublic Editor in Chief Jason Hiner discusses (November 2008) the Society of Information Management’s 2008 IT Trends Survey. Specifically he shows that offshore spending is a relatively small portion of IT budgets (3-5%), and there is a huge shortage in the IT labor market currently. Interestingly, 2009 is the first year according to SIM that offshore spending is projected to increase – the last two years has seen a steady decline in offshore spending.
In short, IT workers need to start worrying less about the “threat” from offshore. Think of offshore as lubricant to grease the wheels. If the labor shortage becomes sufficiently pronounced, it becomes difficult for companies to start new projects. Too few workers is worse, for us all, than too many.
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