Hehe, you're missing the point. It's simple labor & currency arbitrage. They will work for less in your eyes, but in reality they are getting a better living than the American co-part. The higher ups in the US corporates do not care about the skill-sets, they look at hypothetical numbers. If value & quality actually mattered, most of the outsourced jobs would have never been lost in the USA. I have watched the scam part of outsourcing take place 2 times, as long as it looks good on paper, the higher up execs get their bonus and that's it. Of course, some outsourcing makes perfect sense, I have experience with the good part of it too, but IMO, most of it is pure bullsh*t. If it was not, I would not have problems with some monkey customer rep in India, trying to explain to him what an ATM card is.
I hear your idealistic approach but you should take a deeper look at the US consumer based economy. The consumers are the ones recently just thrown out on their ass without a job. How can the growth of USA economy keep going when we are our own top consumer? The growing consumer debt is largely due to the lack of wage growth & jobs. These same companies that are outsourcing jobs, report earnings in US$, the same currency they are helping devalue.
Maybe you think this does not affect you much since you're an independent trader. Well it depends on where you live, what you trade and how you store your assets. Globalization isn't necessarily to your benefit.
