Outsourcing Winners and Losers

An anonymous reader writes "The New York Times has an article on the winners and losers of the outsourcing trend. It's a Q and A session with a distinguished panel of experts on the topic, including Professor M. Eric Johnson, who says that, 'Low-skill jobs like coding are moving offshore and what's left in their place are more advanced project management jobs.' Now I know coders aren't rocket scientists, but less advanced than project managers? Ouch."

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[Compact Dick]

Excellent commentary with biting wit.

For those who ignore AC posts, here's a repost. And turn on AC comments, please.

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MS. FARRELL Those savings enable me, if I am an investor, to consume more and therefore contribute to job recreation.

She is stating a fact to support a deception.

The number of people who have enough money to put into the market so that its ups and downs make any material difference to their immediate economic situation is vanishingly small.

She is talking about the "investor class", which is not he same as the class of people who are invested, in some form, usually IRAs or 401ks, in the market. It's hard for me to believe that she is not perfectly well aware of this.

The investor class actually has so much money, that the market can make them hundreds of thousands of dollars a month. Those are apparently the people she is used to hanging out with.

The vast majority of poeple in the market are hoping that their investments will accrue enough so that they can retire at 75 or 80 now that Congress has given the money they paid into Social Security to the people in Mr Farrell's circle of friends in the form of tax cuts.

It's hard to get your mind around how far away they are from us. To them, we're something like unfortunate insects whose place in life is to accept our fate at the hands of forces they control.

We're that vast bobbing mob that history "happens" to that and who they read about in books.

They, on the other hand, have been intelligent enough not to get caught in our situation.

The differences in our fates is clearly due to their superiority and it is wrong for us to begrudge them their deserved success or in any way attempt to curtail the implementation of their globalist vision, which will make them richer yet and us poorer. What's the moral basis of all this? Well, in the long run (after you're dead), it'll all work out for everyone.

Understand this- by worrying about what happens to you in your lifetime, you're being petty and shortsighted. Thank god for the chiseled jaw CEOs with the long range vision and the fortitude to keep a firm hand on the wheel and steer us through these trying times into safety.

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