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Paul Samuelson Challenges Outsourcing
Noryungi writes "Paul A. Samuelson, Nobel Laureate in Economics, a professor at MIT challenges the outsourcing of jobs (retinal scan login required) to India and China. Choice quote: To put things in simplified terms, he explained in the interview, being able to purchase groceries 20 percent cheaper at Wal-Mart does not necessarily make up for the wage losses."
Repost this when (if ever) groceries get 20% cheaper at Wal-Mart.
My $.02.
Good comment but still too expensive.
I read that as rectalscan. I didn't know they were sufficiently unique.
Norman Cook's Ode to Sl
"What does America produce anymore? What does any other Western country produce? Food? Consumers? It is Very depressing watching this trend. It's more depressing watching my father-in-law, a damn hard working family man lose his job just because he's getting older to some unskilled person outside of my country."
Intellectual property. That's the future of the US of A, in order to survive we must be able to cash in on the cows man.. ever wondered why US is passing all these hard laws of late? Partly it is because of the corps' bribery, but the other party is... this is real good money!
Make once, profit always, the best deal ever!
Online backup with Mozy, sounds like Ozzie, but more!
We need some way to get our money back.
Of course, you should remember that those connotations probably don't exist in Japanese, and that's who they use the word they use.
Symbolism from one country doesn't always work in another...a creative writing teacher from Mexico once told me a story about the phrase "Don't put all your eggs in one basket." In Mexico, the word for eggs (juevos) is also a slang term for a man's testicles...so when he heard that phrase for the first time as a boy, he replied "But that's where God put them!"
Hey freaks: now you're ju
...Mr. Bhagwati, Mr. Panagariya, and Mr. Srinivasan are optimistic about offshoring to India.
My unemployed IT friends; Mr. Smith, Mr. Schultz, and Mrs. Mackey; do not share in their optimism.
I'm comforted by the fact that one day, maybe soon, the whole house of cards that is the "global economy" will come crashing down.
Which event, if it ever happens, is likely to lead to poverty and starvation for billions of people. I am glad you'll be comforted by it.
Perhaps then no one will profit when a tree is cut down
Perhaps then you'd better start learning how to live without such things as books or toilet paper right now...
Kaa
Kaa's Law: In any sufficiently large group of people most are idiots.
All this talk, and still no Oreo...
Greed is the bottom-line metric
You can't talk about Wikipedia's flaws on Wikipedia
Shhhh.... he's obviously a product of those wonderful U.S. geography classes.
Thats why everyone wants to come over here to go to Harvard or Yale or MIT or Oxford or Stanford or even our high schools.
Please tell me you know Oxford is not in the US.
I don't read or respond to AC posts