Market globalization has firms scrambling to find translators fluent in a variety of languages. NYU and other universities with translation schools report an increase in applications and starting salaries for graduates who speak foreign languages. While the need for translators is high, the Internet allows companies to farm work across the globe, keeping wages stable while demand increases.
See "Translators Thrive as the World Speaks", Claudia H. Deutsch, The New York Times, May 29, 2001