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Most people really just don't understand economics so they don't realize that this is an expected, inevitable consequence of the capitalist system nor do they realize, because it is counterintuitive, that it is generally better for our economic welfare as a whole to allow outsourcing rather than to try to stop it.
Correct. For most of industries outsourced, it actually doesn't make any sense to not outsource them. On top of that, most people also don't understand where their money goes when a product is outsourced. The margin in production for most consumer products are less than 10% of the retail cost, for agricultural products, even less.
It makes no sense to avoid buying products made in other countries, for one: gains from trade, two: consumer sovereignty, and three: it makes economic sense. Economic patriotism is detrimental on the long run, it's disturbing because most don't get it and think "buy American" will actually help. Disasters like GM/Chrysler is an example of what "buy American" will lead to, companies can forgo innovation, efficiency, and outperforming competitors if their customers are loyal enough because the company is "American", but such loyalty only last so long, and when its gone, companies go bankrupted.
This is not to say don't buy American ever, but buy a product for its value, not place of manufacture. Place of manufacture is absolutely meaningless, components sourced for many products today are GLOBAL.
Correct. For most of industries outsourced, it actually doesn't make any sense to not outsource them. On top of that, most people also don't understand where their money goes when a product is outsourced. The margin in production for most consumer products are less than 10% of the retail cost, for agricultural products, even less.
It makes no sense to avoid buying products made in other countries, for one: gains from trade, two: consumer sovereignty, and three: it makes economic sense. Economic patriotism is detrimental on the long run, it's disturbing because most don't get it and think "buy American" will actually help. Disasters like GM/Chrysler is an example of what "buy American" will lead to, companies can forgo innovation, efficiency, and outperforming competitors if their customers are loyal enough because the company is "American", but such loyalty only last so long, and when its gone, companies go bankrupted.
This is not to say don't buy American ever, but buy a product for its value, not place of manufacture. Place of manufacture is absolutely meaningless, components sourced for many products today are GLOBAL.
Precisely; you explained it nice and succinctly. So many people develop very strongly held beliefs, very stubbornly held beliefs, regarding economics when they have very little understanding of how an economy actually functions... it's rather distressing. It bothers me that people cling so strongly to opinions they've developed regarding things they know almost nothing about.
I think it's good that American companies are helping raise the standard of living throughout the world. Better they work with us than fight us.
The natural consequence of the ramped up outsourcing is that other countries see their standard of living increase, while Americans see theirs decrease. Is turnabout fair play? Perhaps, but nonetheless painful.
"My pay is being reduced a total of 29 percent, 20 percent effected Sept. 1, the additional 9 percent effective Sept. 1, 2010," the man said.
That's nearly a 32 percent salary cut for one employee in two years time -- more than one-third of his base salary. The cuts push him back to the salary he earned working the same job in the same building more than 10 years ago.
Other former EDS employees said that under Hewlett Packard, they've experienced salary cuts of between 10 percent and 47 percent."
The natural consequence of the ramped up outsourcing is that other countries see their standard of living increase, while Americans see theirs decrease. Is turnabout fair play? Perhaps, but nonetheless painful.
This is absolutely, completely untrue. You seem more interested in posting links and making bare assertions than actually debating the things you are posting about, seeing as you have failed to respond to any of the comments and arguments made regarding your initial post.
Outsourcing is a natural, inevitable outcome of capitalism and it benefits American consumers, as counterintuitive as that may seem. Why don't you actually read through the thread you started and reply to some of the things I, and others, have said.
This is absolutely, completely untrue. You seem more interested in posting links and making bare assertions than actually debating the things you are posting about, seeing as you have failed to respond to any of the comments and arguments made regarding your initial post.
Outsourcing is a natural, inevitable outcome of capitalism and it benefits American consumers, as counterintuitive as that may seem. Why don't you actually read through the thread you started and reply to some of the things I, and others, have said.
You seem absolutely convinced of your own 'brilliance' in economic theory - probably as much a 'genius' as the financial gurus who have landed us in the current debacle. I don't care about your 'theories' of how capitalism is supposed to work. The fact is that outsourcing to India (I.T. jobs), and to China (manufacturing), have stripped away thousands of good paying jobs from America. Put that in your pipe, and smoke it.
This is absolutely, completely untrue. You seem more interested in posting links and making bare assertions than actually debating the things you are posting about, seeing as you have failed to respond to any of the comments and arguments made regarding your initial post.
Outsourcing is a natural, inevitable outcome of capitalism and it benefits American consumers, as counterintuitive as that may seem. Why don't you actually read through the thread you started and reply to some of the things I, and others, have said.
Outsourcing is actually as stupid a policy as they come. It is an outcome of runaway capitalism that cannot be satisfied except by communist labor.
What happens when the $0.25 an hour Chinese can't buy the $2000 televisions and neither can the unemployed American?
That's why the USA is headed to collapse and soon.
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