Outsourcing disrupts education evident with the college students shunning to pursue high-tech fields and opting for business oriented courses. Students are concerned that by pursuing these course coupled with instability in the labor market they face risks of losing out due to outsourcing. Studies show the proportion of graduates planning to major in computer science or engineering is now 70% below its peak in the early 1980s (Santos 87). With companies shipping IT operations to countries such as India and China, these countries are capitalizing by investing heavily in education and training to continue to attract, retain best talents, and maintain competitive edge in the global IT industry.
It is also performing an important economic function. This money creates demand for goods and services helping the industry and producers of services. Lying in bank accounts whether in benami or other accounts, this money is utilized by banks for lending purposes to needy businessmen. Despite these arguments, one has to say that the accumulation of black money is a poor reflection on our society. Corruption and tax avoidance must be dealt with a heavy hand so that the dues to the government reach it and are utilized for the benefit of the society.