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You know what is going to fix out sourcing? The .01% will invest in real estate over seas, and to recoup their investment, they will charge rent to those working over seas driving up their subsistence costs eventually to the point that it is the same level as ours.
That is how it will be "fixed", not how it should be of course.
Even if that were to work, it wouldn't "fix out sourcing". It would just move offshore jobs to the US or other countries. However, I'm on the bandwagon that feels that offshoring isn't broken and does not need to be fixed.
You know what is going to fix out sourcing? The .01% will invest in real estate over seas, and to recoup their investment, they will charge rent to those working over seas driving up their subsistence costs eventually to the point that it is the same level as ours.
That is how it will be "fixed", not how it should be of course.
perhaps, but wouldn't ex-pat workers just rent cheaper from the local market in this case?
Eventually the problem will correct itself. There is the parable of the Leadville mine. Cheap molybdenum from China shut it down but then the Chinese economy grew so fast it began importing the metal. The mine reopened.
so if the tuna firm is nationalised can it be made to work, long term.
what will disrupt it?
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