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This is causing the value of the American IT Employee to depreciate and making it harder to compete for these jobs. Universities are starting to train around globalization to make IT students more knowledgeable on global economics. Outsourcing overseas is also causing unemployment rates to climb.
Starting late 1990's, due to Internet bandwidth becoming affordable for transmission of messages containing tables, graphs, images, audio, and video, it has increasingly become feasible to outsource IT Enabled Service to offshore countries (Ahlawat & Ahlawat 2006). Some of these jobs are high waged positions that are provided from some financial services and insurance companies...
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