Discuss the effect on the number of people employed

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Increased outsourcing to India by firms in the United States and other developed countries has driven up the wage of some Indian skilled workers by 10% to 15% (Adam Geller, "Offshore Savings Can Be Iffy," San Francisco Chronicle, June 21, 2005: D1, D4). Use a supply-and-demand diagram to explain why, and discuss the effect on the number of people employed.

Reference no: EM131403578

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