I deliver what I promise, and I only promise what I can deliver.
Re: NY Times Article
Our country was established by people from many (most) world countries. I am not against visitors to our country or people coming here to become citizens. However, special allowance for entry so they can work at low wages should be illegal. This is taking advantage of the people coming in as well as eliminating jobs from US workers. I have noticed many companies have their products produced in other countries, but when you see what they charge for the products in the US, it is as much as those produced in the US. This just some more of the big company rip offs that have been going on for the last few years. The higher profits do not go to the common stock holder they go to the top management in the companies. These management types do not advance up the company chain, they are hired into these positions, and line their pockets, and go to the next company. The IT industry is getting hit big time here, but many manufacturing jobs have already left. If something isn't done soon, we will all be working at low tech jobs.
Re: NY Times Article
I tried answering this earlier at work, but we had internet problems........
Senior SQA Analyst
Re: NY Times Article
The articles are interesting and thought-provoking, but, to my dismay, deja vu to happened in the early 90's in India when our economy was opening up.
They primarily focus on:
1. foreign workers being cheaper.
2. work migrating to other countries.
The underlying assumption is that somehow corporate America (the strawman fallacy at work here) is the bad boy in this picture (as opposed to the inherent cost benefits associated with outsourcing). And how "deserving" citizens will be deprived of their "rights".
<font size="2" face="Verdana, Arial, Helvetica">That "something" is probably a reference to the introduction of protectionist regulation.
If something isn't done soon, we will all be working at low tech jobs.
Interestingly, it was quite fashionable, not very long ago, to deride other countries that are/were protectionist. Moderate socialism was almost looked down upon - conveniently lumped with leftist ideologies. Even mild opponents of capitalism were lampooned for their folly and made to look doubly demonaic. Not only are they blind to their own extremism, but also to our moderation, was the cry. But this fig leaf of moderation comes off very quickly when self-interest is under threat, be it so even from the system that was being defended in the first place. Human nature, I suppose.
But consider for a moment that maybe the work that is going offshore isn't really worth paying 200$/hour. Maybe it is worth just 25$/hr. Wages are just reflective of what worth society assigns to a profession at a point in time. This is the law of demand and supply at work.
How about this: the Indian agriculture industry - especially the dairy industry is under pressure from Australian milk and milk product imports. The steel industry faces competition from the SAARC region and the electronics industry is overrun by Chinese goods.
The people who face the brunt of this aren't well-heeled city folks like those on this board. These are people who make less than a dollar a day.
Yet at this point, nobody complains of job losses - because we are seeing job creation at other places. What is happening is that India is settling into some kind of economic equilibrium. Extrapolating into the US economy (a poor comparison, no doubt), the sheer size and volume would make such adjustments seem cataclysmic. The bigger picture, however, reveals the inherent strength and capacity of the US economy to rebalance/reorient itself. A month ago the dollar traded at 46 Rupees, today it is back to the pre-war value of 48.
The bottomline is that capitalism is not always kind to those who espouse its cause. Free markets are known to work both ways, some aver, even as an instrument of socio-economic darwinism.
But any number of case studies on economies around the world show that protectionist policy has always been a dismal failure. Didn't work for us and sure as hell won't work elsewhere.
[ 06-03-2003, 03:08 AM: Message edited by: punekar ]