{"id":4736,"date":"2009-07-24T08:53:00","date_gmt":"2009-07-24T08:53:00","guid":{"rendered":"http:\/\/localhost\/projects\/horsesforsources\/whos-looking-out-for-the-us-business-these-days\/"},"modified":"2009-07-24T08:53:00","modified_gmt":"2009-07-24T08:53:00","slug":"whos-looking-out-for-the-us-business-these-days","status":"publish","type":"post","link":"https:\/\/www.horsesforsources.com\/whos-looking-out-for-the-us-business-these-days\/","title":{"rendered":"Who&#8217;s looking out for the US business these days?"},"content":{"rendered":"<p><strong><img decoding=\"async\" alt=\"Phoenix_ashes\" border=\"0\" class=\"at-xid-6a00d8356fb76c69e20115722ec3f0970b \" src=\"http:\/\/www.horsesforsources.com\/images\/6a00d8356fb76c69e20115722ec3f0970b-800wi.jpg\" style=\"FLOAT: right; MARGIN: 4px\" title=\"Phoenix_ashes\" \/> I was having a little joke yesterday, where&#0160;the premise was:&#0160;&quot;So what do we do once all the jobs have been offshored?&quot;&#0160; My initial solution was:&#0160; &quot;That&#39;s easy -&#0160; we create great low-cost skills here, and we bring them all back&quot;.&#0160; The other partaker in the mirth added: &#0160;&quot;Wrong &#8211; we will still be offshoring, as all our business headquarters are moving out too.&#0160; In effect, we&#39;ll be offshoring jobs <em>to <\/em>America&quot;.<\/strong>&#0160; <\/p>\n<p>As we rolled around on the floor in uncontrollable laughter (OK, it wasn&#39;t <em>that<\/em> funny), it did hit home how <em>unattractive<\/em> the US is becoming for businesses.&#0160; <\/p>\n<ul>\n<li>\n<p>US corporate taxes are among the highest in the world.<\/p>\n<li>\n<p>The cost of living and wages in business centers such as New York, Philadelphia and Chicago is off-the-scale.<\/p>\n<li>\n<p>The cost of healthcare is a killer &#8211; and, despite the excellent intentions of this new proposed healthcare reform, the tax burden on the US business is going to get even worse.&#0160; For the cost of one years&#39;&#0160;benefits package in the States,&#0160;you can hire a full-time ABAP programmer in&#0160;your offshore captive for that entire&#0160;year, or pay for half of one (for&#0160;the entire year)&#0160;with a service provider.<\/p>\n<li>\n<p>Other Western countries are far more corporate-friendly.&#0160; I was helping a friend with a business plan the other day, and the cost of hiring qualified graduates in London (yes, London)&#0160;is half that of New York (and getting even cheaper in this market).&#0160; <em>Why even consider setting up a global business in the US these days in this virtual environment?<\/em><\/p>\n<\/li>\n<\/li>\n<\/li>\n<\/li>\n<\/ul>\n<p>As much as I admire all the efforts of President Obama to drive reform and economic&#0160;stimulus into the US economy, I just don&#39;t see the environment for the US business to thrive and create new jobs being created.&#0160; I&#39;d like to see stimulus money being allocated to helping businesses create new knowledge-jobs that are competitive with those on offer from India, Europe, China etc.&#0160; The way things currently stand, the US business environment has never been so ripe for outsourcing &#8211; not just for accessing lower-cost skills, but also&#0160;for our businesses themselves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I was having a little joke yesterday, where&#0160;the premise was:&#0160;&quot;So what do we do once all the jobs have been&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,81],"tags":[],"organization":[],"ppma_author":[19],"class_list":["post-4736","post","type-post","status-publish","format-standard","hentry","category-business-process-outsourcing-bpo","category-it-outsourcing-it-services"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - 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