World Briefing: Sep 20, 2004

>>India's Labor Pains

For job seekers in India's booming tech sector, which is expected to hire up to 100,000 people this year, it's the best of times--and the worst of times. Hundreds of thousands of starry-eyed young software engineers are eager to work for as little as $4,500 a year. Yet there are not nearly enough experienced managers (who can pull in 10 times as much) to oversee the influx of raw recruits. At the same time, as multinationals like Accenture and IBM poach midlevel executives, some observers are worried that fast-rising wages could erode India's competitiveness--and price the country out...

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