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West to outsource 4.1 million jobs by 2008

The number of service jobs outsourced from the industrialised world to low-wage countries is expected to surge to 4.1 million by 2008, according to a study by the McKinsey Global Institute, released at a Washington forum at the Institute for International Economics.

Authors of the report have argued that the trend will have only a small effect on workers in wealthy nations because it will affect a relatively modest percentage of the workforce.

"Labour markets in developed economies are experiencing and will continue to experience the trend toward offshoring as a slow, evolutionary change," said the report.

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