Outsourcing the death of the economy!

[Audacity17]

"you are way to non sequitured for my level of patience to make this a useful conversation."

At least I dont suggest people make money by just hiring people. LOL. You are in over your head. Thanks for the fun.

p.s. Obtaining a bulldozer IS capital formation

 

[damir00]

Quote from Audacity17:

At least I dont suggest people make money by just hiring people.

neither do i. pay attention in ESL. and...

...have a nice evening!

 

[Audacity17]

Keep stalling, you havent refuted anything. I always know Ive completely won an argument when the "intellectual" starts telling me how smart he is.

 

[Samson77]

WOW

I can not believe the numbers on this Vote 44% - 42% so far

I did not expect that!

This country is in worse shape then I thought, time to invest globally.

If it's ok for America's largest companies and half the people of this nation think it's a good thing, then I guess I need to protect my butt too and give my business to foreigners.

 

[Weasel]

I have a personal experience to share concerning outsourcing. I'm a broker and sell alot of GE's annuities. GE outsourced the service end of the annuity business to a center in India. Now when I call for information or help I'm talking to someone in India with an accent so thick I can't even understand them. On top of that, I don't even think they understand the products. Thank god my clients come to me when they need help and don't have to call the service center. What a joke. I'm against outsourcing. I think it's a real tragedy for the american worker who loses his job over such a move......all in the name of a better bottom line for the big companies doing this.

 

[chasinfla]

definitely. this economy would be soaring if we had to pay people $20 an hour plus another $5 an hour in benefits to make our blue jeans.

 

[damir00]

Quote from Weasel:

I'm a broker and sell alot of GE's annuities... I'm against outsourcing.

but...isn't buying annuities the outsourcing of risk?

 

[dchang0]

Quote from chasinfla:

definitely. this economy would be soaring if we had to pay people $20 an hour plus another $5 an hour in benefits to make our blue jeans.

I hope you're not being serious--few of us would be able to afford jeans made with such high labor costs. As to whether or not the economy would be soaring, I don't know, but it sure wouldn't be soaring because of jeans sales. It'd probably be something else like crops, because a nation that hasn't outsourced the making of garments is probably still an agricultural society/economy.

 

[dchang0]

Quote from Hydroblunt:

Flawed argument. The answer to outsourced menial jobs was to educate oneself and get a white collar job. Reaganomics certainly helped create an abundance of financial & tech jobs which needed labor. You know, back when a 4 year degree meant something.

Pray tell, how exactly is my argument flawed? Time to dig out the old "Critical Thinking" textbook... (My argument *is* flawed, but not in the way you suggest.)

At the moment, the only jobs that are actually in need are medical and pharmaceutical. Everything else is being outsourced, be it reasonable or not. It would be nice if everyone in USA could become an entrepeneur but who are you going to sell to? Each other?

Nowhere did I say that EVERYONE in America must become an entrepreneur and that entrepreneurism is the ONLY solution to the problems that outsourcing brings. I merely stated one possible solution that happens to be working for me. That said, statistics do show that small business provides the greatest portion of employment in America.

Everybody cant be a nurse or a doctor or a pharmacist or work in the service industry. For the US economy to function, most have to be consumers and for that to work, most have to have some kind of income in return for their labor, menial or white collar. In case you have not noticed, only cheap money and rising CC debt has allowed the consumer to survive in the past few years.

I absolutely agree. There will be hell to pay, and soon, as the overuse of credit catches up to the American consumer. The easy availability of mortgages has already caused a dramatic increase of inflation to occur in housing prices.

It's simple cash flows. The US corporates USED TO get money from the US consumer and return some in the form of wages so that the consumer can keep on working and consuming. Now US corporates return nothing in the way of wages but they rely on the US consumer to keep on consuming with money from ...the government(?)

What could happen is that the US economy will gear itself toward servicing the new consumer economies of these nations that are getting the outsourcing flow. Gotta get that money back somehow.

You've really underscored one of the major macroeconomic problems of today. America is currently consuming far more than it creates (a massive trade deficit, by definition), and the end result is that foreign entities are progressively owning more and more of America (how else can we pay them for the goods we get by ultimately trading them our natural resources, including labor?).


So, you see, we aren't actually in disagreement here. I'm just more optimistic about our prospects, since I can rely on the simple fact that our need for survival will push us to adapt.

 

[AOL_9.0 Man]

Lou Dobbs has done everyone a very good service with his reporting, and maintaining focus and emphasis on these horrid business trends.


There's never a way to justify and make good tratorious conduct, even if it does enrich these nameless, faceless shareholders.

The purpose of corporations was to serve communal good, not just for the benfit of the rich owners (shareholders included). Business Schools that teach otherwise are only adding to the extreme problem of insensitivity and desensitizing senior management's implicit responsibilities.

There's clearly two schools of thought here:

Robber Barron mentality
Socialistic Altruism