I'm at a conference put on by the Milken Institute, and hence the light blogging. At one session on outsourcing and jobs, Clarence Schmitz, the CEO of an outsourcing firm, said that they had anticipated needing 1.2 Indian workers to replace one U.S. worker. Instead, they found that they needed 0.8 Indian workers to replace one U.S. worker.
For Discussion. What does this portend for the future ratio of wages between Indian and U.S. workers?