The NYT reports on a growing trend for Wall Street banks to ship jobs, including many high-paying jobs, to India. This is a situation in which increased trade will lead to gains to the economy as a whole, as the cost of financial services drops. It should also help to reduce inequality as one, two, or even three digits get removed from some of the compensation packages of the Wall Street crew. It would be useful to include some economic analysis of this new trend.
--Dean Baker
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