IBM now employs more workers in India than US

The New York Post reports:

The sun is rising in India for America’s outsourced jobs.

But it’s a bad sign for New York’s dwindling middle-class workforce, say labor analysts.

New York’s labor markets are in convulsions as American employers ship more well-paid jobs to lower-cost countries like Mexico, the Philippines, China and India — where IBM, culling 747 jobs from the Empire State, has achieved landmark status. It now employs more workers in India than in the US, according to a leaked IBM document reviewed by The Post. The average IBM pay in India is $17,000, compared with $100,000 for a senior IT specialist in the US.

Big Blue’s eradication of these New York jobs in the Hudson Valley — part of a brutal package of 3,300 IBM cuts in North America — is the latest sign by US employers of growing their bottom line by replacing higher-cost labor with cheaper workers abroad, labor analysts say.

History in the making.