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The Full Outsourcing Discussion
GileadGreene writes "Thomas Friedman of the New York Times recently did an interesting Op-Ed piece about the "silver lining of overseas outsourcing": the growth that it generates in the US job market as Indian companies outsource work that US workers are better at. Apparently total exports from US companies to India have grown from $2.5 billion in 1990 to $4.1 billion in 2002 as well. So maybe this outsourcing thing isn't so bad after all." Ultimately, free trade works out well; I think one of the issues is that white collar jobs are just beginning to feel the pinch, and are acting like manufacturers did in the 1970s and 1980s.
i read the piece and was bored. it just felt like a half-assed defence of bushs bad policies. vote nader.
Right, except that Joe Lunchbucket gains when the funds make money. And Joe Lunchbucket probably couldn't do as well for himself picking individual equities as he can just buying shares in an indexed, no-load mutual fund anyway. If Joe wants to beat the index or be directly involved in capitalism, that's all out there. Most of those multinationals you mentioned even have direct investment programs that make it easy to buy their shares. But it's work and takes time, education, and discipline. We're in a country where half the population won't even vote for a president and you expect me to show concern that they are being disenfranchised as investors?
I do not have a signature
Yeah look at the census numbers, there what 26 million more americans??? Plus those numbers run off the census so, they do not take into account the hunderds of thousands of H1B visa workers (Also taking jobs from americans here.) The facts are that 2.3 mil jobs have been lost since bush took office something like that, and another few million that just gave up and are now working at Wal-mart or somewhere else, as far as spankings go, you need'nt worry about me, let's see what happens in November.
The reality alot of americans are in trouble, and Bush and boys don't care cause they can't afford to slap down $2500 a plate for one of those fundraising lunches. I'm not a liberal btw, but I can't really see that the republicans are any different than the other party. they both use fringe groups, and then give them nothing in return, they both have thier own agenda, and neither agenda does me a damn bit of good. They both talk about the middle class, but neither care about us. I plan to vote for the one that can do the most in terms of generating jobs and oppurtunity for us middle class folks (note this not necesarily the same as good for the ecomonmy, and the CEO's making millions a year).
So Long and Thanks for all the Fish.